0 0
In the south-central Mumbai there are unsold luxury accommodation
Real Estate

In the south-central Mumbai there are unsold luxury accommodation

Read Time:1 Minute, 41 Second

While developers try to change their proposals negatively and re-adjust, buyers focusing on the area central Mumbai have many options to choose from.

The Mumbai Metropolitan Region (MMR)  central Mumbai has a new supply of approximately 27,000 units between 2013 and Rs 4 in the first quarter of 2019.

 

According to data from Anarko Property Consultants, there are 81% or 22,000 units in the center-south of Mumbai.

“With fewer buyers, the prices of many supplies and properties which are astronomically high, even after the following modifications, the inventory not sold in this part of Mumbai is obviously comparatively less narrow areas Anuj Puri, chairman of Anurok, will end up for a long time. Thanks to increasing prices, infrastructure problems and mismatch between supply and demand, in South-Central Mumbai there is now a total untold stock of about 11,000 units, which is half of the stock started since 2013. A real estate developer said, “If the supply had increased more then the absorption could have been healthy.” “In an effort to maximize FSI (floor space index) and TDR (development rights transfer), many builders have built buildings in areas like Lower Parel, which inspect luxury apartments.”

He said that one of the possible causes of the overhang is the shape at the high end, such as Khar, Vile Parle, Bandra, Sion and other hot spots like Santa Cruz. Apartments in south-central Mumbai are reduced to 800 square feet of carpet area and go all the way up to 4,500 square feet. In other areas, the minimum carpet area is 1,150 square feet, while the maximum is 3,500 square feet. In other luxury areas, it is more than Rs. 80 crores in south-central compared to Rs. 15 crores.

total Unsold stock in Mumbai’s center-south, about 38% is composed of units above 2,000 square feet of carpet area, which is very expensive for high net worth (HNI) people.  In Mumbai, according to experts.

Like our Facebook page: – Newsinheadlines

Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %
Rajveer Sekhawat

Recent Posts

Who Is Ajaz Patel’s Wife? Discover Everything About Nilofer Patel

Ajaz Patel, the skilled left-arm spinner from New Zealand, gained international attention in 2021 when…

12 hours ago

What Makes Physiotherapy the Best Solution for Cervicogenic Headache?

Are you dealing with an unusual headache? It could be a cervical or cervicogenic headache.…

14 hours ago

YouTuber Praneeth Hanumanthu: Navigating Controversy and Consequences

In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…

6 days ago

Nimrat Kaur: A Journey Through Indian Cinema and International Television

Nimrat Kaur is an Indian actress celebrated for her contributions to Hindi cinema and American…

1 week ago

what is grey divorce mean | A Changing Landscape in India

Grey divorce refers to the increasing trend of couples aged 50 and older choosing to…

1 week ago

MrBeast Net Worth in 2024: The Man Behind the $700 Million Fortune

In 2024, YouTube sensation MrBeast, born Jimmy Donaldson, has captivated audiences worldwide not only through…

2 weeks ago