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Here’s How Metro Line VI Will Impact Property PricesThe Line VI of the Mumbai Metro network will connect Lokhandwala Complex (Swami Samarth Nagar) in Andheri and goes up to Kanjurmarg in eastern suburbs of Mumbai via Jogeshwari and Vikhroli. With an estimated cost of Rs 6,672 crore, the 14.5-kilometre corridor will have 13 stations with interchange option to metro lines 2, 3 and 4. The Mass Rapid Transit System (MRTS) will boost east-west connectivity in the Mumbai Metropolitan Region (MMR).
Mumbai Builder Fails To Deliver Apartments; Faces PrOver 2,500 homebuyers have launched a protest against Jaycee Homes and JVPD Properties Limited for failing to deliver apartments in the given time and also compensating them for the delay caused in about four real estate projects.
MahaRERA In Action: Builder Fined Rs 7 Crore, Big WiThe Maharashtra Real Estate Regulatory Authority (MahaRERA) has fined the developer of the Bhagtani Serenity project at Powai in Mumbai, JVPD Properties Private Limited, for failing to deliver the project on time. It penalised the developer with a sum of Rs 7.10 crore along with an interest of 15 per cent to be paid to 21 homebuyers. The buyers, who the developer referred to as only investors, had booked apartments under the project during 2013 and 2015 but only received a letter from the developer citing approval related delays as a reason.
Where Is Mumbai Renting?Renting offers several benefits, mainly in terms of affordability and flexibility. Because of its obvious benefits, renting is in vogue among today's young population. In a city such as Mumbai, for example, renting provides you with an option to actually live in homes that one cannot otherwise afford. Now, let us try to find out which are the popular localities to rent in Mumbai. Let us also find out which are the areas that have the biggest rental supply.
Where Is Mumbai Searching For Property?It would be a matter of great joy for you if you are now financially ready to buy a property in Mumbai, India's financial capital which is counted among the most expensive property markets in the world. Data available with Makaan.com show you have to pay an average Rs 8,700 to buy a square foot (sqft) of space here. The average price for the same space in national capital Delhi is Rs 4,900. Since you have built yourself a nest egg, let us assist you in finding the perfect locality.