Wednesday, 4 November 2015

With Great Investments Coming In Mumbai, Buying Your Own House Here To Become Affordable

To build about 2,000 affordable houses in Goregaon of Mumbai, the Maharashtra Housing and Area Development Authority (MHADA) plans to utilise nine acres of land, located in front of Hyper CITY.

This may well come as a ray of hope, albeit little, for the affordable housing project in the city, as the land can now be used for creating more residential stock. A MHADA official said that they have started the process of floating a scheme to bring this land under development.

Along with the urban areas, including the cities of Navi Mumbai, Thane, Kalyan, Dombivali and Bhiwandi, it is one of the most populous urban regions in the world. Mumbai lies on the west coast of India and has a deep natural harbour.

Canada's pension fund is ready to invest $2 billion in affordable housing in Mumbai, Maharashtra Chief Minister said, in a move that would boost Prime Minister Narendra Modi's goal of providing cheap housing to millions of people.
"A week back, the Canadian ambassador, informed me that the Canadian pension fund is ready to invest $2 billion in Mumbai for affordable housing," Devendra Fadnavis told reporters.

With Mumbai being the centre of major financial transactions has always been a hot spot of buying property and investing in real estate. With number of Developers like Lodha, Arihant, TATA, Godrej and Hiranandani who have delivered number of High End and Affordable Housing for people of Mumbai. There is no getting around it – Mumbai’s property market is legendary.

Public transport systems in Mumbai include the Mumbai Suburban Railway, Monorail, Metro, Brihanmumbai Electric Supply and Transport (BEST) buses, black-and-yellow meter taxis, auto rickshaws and ferries. Suburban railway and BEST bus services together accounted for about 88% of the passenger traffic in 2008.

It Is Going To Rain Gold This Diwali In Palava City.

Even though the city of Mumbai in the last 9-12 months has seen some slowdown for the real estate industry, Abhinandan Lodha, deputy managing director, Lodha Developers is confident of growth for his organisation.

According to him the new 4000 acre Lodha Palava City project would garner a bottom-line of around Rs 600 crore every year, over the next 5-6 years and a total of around Rs 4000-4800 crore, over 8 years after paying all the taxes. Lodha Palava City is a 4000 acre township located in suburban Mumbai.

This project will give an average of 60 to 90% returns to the Investors and Home Buyers across a time frame of 5 years plus. With a staggered payment approach and Bank Funding there is no other project available with a ticket size of 40 Lakhs plus to match the infrastructure with this project.
With Mr Bachchan being the Brand Ambassador, it brings the added confidence to the home buyers and investors who have grown up seeing the Shahenshah of Bollywood and with him being the First Citizen would mean a lot to them.

Lodha Palava is set to make an epic dhamaka during this Diwali season with great offers that would not only with mop up savings, gold gifts and extra savings on special units - making a gross saving of up to Rs. 7.92 lacs.

The Lodha Group has absolute ambitious plans to make the city a dream for each Indian.  Lodha group has not left any stone unturned to ensure that they have a huge success to Palava City. Lodha Palava City is world’s finest Town Planning Companies, Architects and Professionals who have studied the development across the globe.

Located in the Mumbai Metropolitan Region, Palava is the largest-ever private, completely planned urban development in India – it aims to be India’s most livable city, and one of the top 50 most liveable places in the world, by 2025.