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Mumbai is the financial capital of India. This brands this island city a dream for a builder. As price is directly related to supply and demand the rate of growth of real estate in Mumbai far outstrips the national average. The marketplace is witnessing a marginal increase in residential segment due to large off take of residential apartments by Reliance Businesses in Raheja Classique Lokhandwala Andheri. Prices in prime areas like Malabar hill are upwards of Rs 60,000 per square foot and out of Raheja Classique Lokhandwala Andheri reach for all except the ultra-rich, who thanks to the large Indian population are there in sufficient numbers. The prominent builders of Mumbai like Lodha and Hiranandani charge a high premium for their construction. Andheri prices are manipulated by the builders in collaboration with the political leadership, resulting in prices touching the sky.Housing is thus at a premium and the prices will rival those of real estate in bigger places like New York in Raheja Classique. The sad commentary on all this is that the per capita income of the average Indian is pretty low and thus most property on sale in Mumbai is out of reach for 95 % of the Indian population. As price is directly related to supply and demand the rate of growth of real estate in Mumbai far outstrips the national average. In addition most builders in Mumbai do not lower their rates even if there is recession in the market. If there is recession in the market, in addition most builders in Mumbai do not lower their rates even. Thus during the recent recession in real estate while prices all over India crashed, but not so in Mumbai where the depreciation was minimal due to the strong builder lobby.Prices of real estate and housing have been on the upswing in Mumbai and even the distant suburbs and outlying areas like Panvel and Kharghar have seen prices going up at an alarming rate. In fact the recent township announced by Hiranandani at Panvel is almost 4000 per square foot. Yet buyers are available as the other builders like Lodha markets his property at Panvel at almost 4500 per sq foot. Buyers are available as the other builders like Lodha markets his property at Panvel at almost 4500 per sq foot. What is the solution? There appears to be none as the builder lobby has a close nexus with the political class and that makes for a heady cocktail.
The common man be dammed - he can always stay in the slums that so abound in Mumbai. Raheja Classic in Lokhandwala areas is seeing a rise in values. Prices of real estate and housing have been on the Raheja Classique Lokhandwala upswing in Mumbai and even the distant suburbs and outlying areas like Panvel and Kharghar have seen prices going up at an alarming rate. The common man be dammed - he can always stay in the slums that so abound in Mumbai. With Lodha builders now building the tallest residential tower in the world, the stage is set for a further price rise in the city. But Lodha certainly needs to be complimented for this, as it will be a project that will enhance national prestige and bring Mumbai firmly on the world map. Lodha certainly needs to be complimented for this, as it will be a project that will enhance national prestige and bring Mumbai firmly on the world map. Let us hope that that at some stages the prices will stabilize, but that appears a distant dream.Mumbai is the financial capital of India. This makes this island city a dream for a builder. As price is directly related to supply and demand the rate of growth of real estate in Mumbai far outstrips the national average. Mumbai is the financial capital of India. Housing in Mumbai is thus at a premium and the prices will rival those of real estate in bigger places like New York. The sad commentary on all this is that the per capita income of the average Indian is pretty low and thus most property on sale in Mumbai is out of reach for 95 % of the Indian population. Raheja Classique Lokhandwala is now going in for integrated developments.Prices in prime areas like Malabar hill are upwards of Rs 60,000 per square foot and out of reach for all except the ultra-rich, who thanks to the large Indian population are there in sufficient numbers. The prominent builders of Mumbai like Lodha and Hiranandani charge a high premium for their constructions. Most of these prices are manipulated by the builders in collaboration with the political leadership, resulting in prices touching the sky. In addition most builders in Mumbai do not lower their rates even if there is recession in the market. If there is recession in the market, in addition most builders in Mumbai do not lower their rates even. Thus during the recent recession in real estate while prices all over India crashed, but not so in Lokhandwala Raheja ClassiqueMumbai where the depreciation was minimal due to the strong builder lobby.Prices of real estate and housing have been on the upswing in Mumbai and even the distant suburbs and outlying areas like Panvel and Kharghar have seen prices going up at an alarming rate. In fact the recent township announced by Hiranandani at Panvel is almost 4000 per square foot. Toward contemplate that this place is about 12 kilometers as of Panvel the aforementioned. Yet buyers are available as the other builders like Lodha markets his property at Panvel at almost 4500 per sq foot. Prices of real estate and housing have been on the upswing in Mumbai and even the distant suburbs and outlying areas like Panvel and Kharghar have seen prices going up at an alarming rate. What is the solution? There appears to be none as the builder lobby has a close nexus with the political class and that makes for a heady cocktail. The common man be dammed - he can continually stay in the slums that so abound in Mumbai.Andheri Raheja Classique with Lodha builders now Raheja Classique Andheri building the tallest inhabited tower in the world, the stage is set for a further price rise in the city. But Lodha definitely needs to be complimented for this, as it will be a project that will enhance national prestige and bring Mumbai firmly on the world map. Lodha certainly needs to be complimented for this, as it will be a project that will enhance national prestige and bring Mumbai firmly on the world map. Let us hope that that at some stages the prices will stabilize, but that appears a distant dream.Raheja Classique Lokhandwala Andheri is one of the promising suburbs for finding affordable options in Andheri at an economical price. The growing infrastructure with a parallel shift in the population has given a new breeze of life to the Real Estate in Lokhandwala.
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