Author Topic: Mumbai Property Price Comon 2008 to April 2010  (Read 11318 times)

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chetan

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Mumbai Property Price Comon 2008 to April 2010
« on: April 12, 2010, 10:50:14 AM »
Developer / Project Name / Location / Oct 2008 / Apr 2009 / Oct 2009 / Apr 2010 / 6m-o-6m change (%) / y-y change (%)
Acme   Group   Girikunj   Andheri   (W)   NA   11,000   10,000   NA   -   -   -   
Legacy   Vile   Parle   (W)   NA   10,000   12,000   14,100   18%   41%   -      
Ozone   Thane   (W)   7,500   3,300   3,950   4,500   14%   36%   -40%         
Oasis   Kandivali   (E)   NA   NA   NA   6,500   -   -   -         
Ajmera   Bhakti   Park   Wadala   9,000   8,200   9,540   13,050   37%   59%   45%      
Yogidham   Kalyan   (W)   2,500   2,151   2,251   2,800   24%   30%   12%         
Pristine   Borivali   NA   5,300   6,363   8,991   41%   70%   -            
Ackruti   City   Vedant   Sion   (E)   9,500   7,500   9,000   10,150   13%   35%   7%   
Gardenia   Mira   Road   3,650   3,000   3,300   4,000   21%   33%   10%         
Sunmist   Andheri   (E)   NA   NA   10,400   13,000   25%   -   -         
Greenwoods   Thane   (W)   NA   3,725   4,150   5,000   20%   34%   -         
Shikhar   Andheri(E)   NA   NA   NA   12,500   -   -   -            
Arihant   Aradhana   Kharghar   NA   3,300   3,950   4,100   4%   24%   -         
Sharan   Kharghar   NA   2,750   3,100   3,300   6%   20%   -            
Anaya   Kharghar   NA   3,150   3,600   3,675   2%   17%   -            
Krupa   Kharghar   NA   3,200   3,800   3,999   5%   25%   -            
Sparsh   Vashi   NA   NA   5,500   5,600   2%   -   -            
Arham   Panvel   NA   NA   2,125   2,350   11%   -   -            
Aksh   Badlapur   NA   NA   NA   1,900   -   -   -            
Abhilasha   Kharghar   NA   NA   NA   3,700   -   -   -            
Bhoomi   group   Valley   Kandivali   (E)   6,500   6,000   5,700   5,700   0%   -5%   -12%   
Flora   Borivali   (E)   8,000   7,500   7,700   8,550   11%   14%   7%         
Park   Malad   (W)   6,250   6,250   6,250   6,250   0%   0%   0%         
Acres   Thane   (W)   3,500   3,091   3,300   3,600   9%   16%   3%         
Dheeraj   Insignia   Kalina   NA   NA   NA   16,500   -   -   -         
Zephyr   Bandra(W)   NA   NA   NA   21,000   -   -   -            
Exotica   Juhu   NA   NA   NA   15,000   -   -   -            
Dosti   Flamingos   Parel   -   Sewree   15,000   12,250   13,500   16,000   19%   31%   7%   
Residency   Vasai   West   2,600   2,300   2,300   NA   -   -   -         
Vihar   Thane   (W)   5,750   3,791   4,000   NA   -   -   -         
DS   Kulkarni   DSK   Madhuban   Andheri   (E)   6,500   6,500   6,500   7,000   8%   8%   8%
Ekta   Terraces   Kandivali   (E)   7,200   6,500   7,000   8,000   14%   23%   11%      
Meadows   Kandivali   (E)   7,200   6,300   7,000   8,000   14%   27%   11%         
Lucerne   Powai   8200   5600   7,600   8,500   12%   52%   4%            
Everest                                    
developers                                    
Countryside   Thane   (W)   3,000   2,300   2,829   4,400   56%   91%   47%         
World   Thane   (W)   4,000   3,399   3,991   4,400   10%   29%   10%         
Godrej                                    
Properties                                    
Planet   Godrej   Mahalaxmi   35,000   19,000   32,000   34,000   6%   79%   -3%         
Riverside   Kalyan   3,000   2,350   2,500   2,900   16%   23%   -3%            
Garden                                    
Enclave                                    
Vikhroli(E)   9,000   7,500   8,500   9,500   12%   27%   6%               
Gundecha   Altura   Kanjurmarg   (W)   6,800   5,700   6,000   6,600   10%   16%   -3%      
Symphony   Andheri   (W)   11,240   8,200   9,600   12,900   34%   57%   15%         
Zenith   Mulund   (W)   7,985   4,999   6,000   6,500   8%   30%   -19%         
HDIL   Premier                                 
Residences                                    
Kurla   NA   5,450   6,151   6,351   3%   17%   -               
Galaxy   Kurla   NA   4,250   4,951   5,251   6%   24%   -            
Metropolis   Andheri   (W)   NA   7,971   10,500   12,500   19%   57%   -         
Majestic   Nahur   NA   NA   5,751   5,751   0%   -   -            
Residency   Virar   NA   NA   NA   2,650   -   -   -            
Hiranandani   Palace                                 
Gardens                                    
Panvel   3600   3,600   3,600   3,700   3%   3%   3%               
Maitri   Park   Chembur   13,000   15,410   13,000   14,500   12%   -6%   12%         
Meadows   Thane   (W)   6200-8200   6300-8250   5400-7500   6050-8150   10%   -1%   0%         
Estate   Thane   (W)   6000-8000   6100-8000   5350-6300   5850-7200   12%   -7%   -5%         
Heritage   Kandivali   (W)   NA   NA   NA   10,400   -   -   -         
Kalpataru   Siddhachal   Thane   (W)   5,500   4,221   4,950   6,200   25%   47%   13%         
Hills   Thane   (W)   NA   3,182   4,000   NA   -   -   -            
Towers   Kandivali   (E)   7,700   6,600   7,300   9,100   25%   38%   18%            
Aura   Ghatkopar   (W)   8,100   6,600   7,500   9,000   20%   36%   11%            
Riverside   Panvel   3,800   4,000   3,375   3,800   13%   -5%   0%               
Sristi   Mira   Road   4,750   3,800   3,269   4,041   24%   6%   -15%            
Estate   Kandivali   (E)   NA   NA   7,200   9,100   26%   -   -            
Kohinoor   Kohinoor                                    
City                                       
Kurla   (W)   8,500   6,800   7,800   10,000   28%   47%   18%               
Kanakia   Niharika   Thane   (W)   5,000   4,500   5,500   6,500   18%   44%   30%         
Country   Park   Borivali(E)   7,300   6,500   9,000   NA   -   -   -            
Samarpan                                       
Royale                                       
Borivali(E)   NA   NA   NA   10,500   -   -   -                  
Lok   Group   Everest   Mulund   (W)   6,600   5,500   6,500   NA   -   -   -      
Raunak   Andheri   (E)   6,600   6,600   6,600   7,500   14%   14%   14%            
Nirman   Khar   (W)   20,000   15,000   16,000   17,000   6%   13%   -15%            
Man   Infra   Valley   Vista   Nerul   NA   NA   NA   6,300   -   -   -      
Marathon                                       
Group                                       
Nextgen   Era   Lower   Parel   28,000   21,000   24,000   NA   -   -   -         
Marathon                                       
Nagari                                       
Badlapur   (E)   1,751   1,750   1,750   1,900   9%   9%   9%               
Monte   Vista   Mulund   (W)   NA   NA   NA   7,200   -   -   -         
Monte   Carlo   Mulund   (W)   NA   NA   NA   9,000   -   -   -         
Nahar   Amrit   Shakti   Andheri   (E)   12,500   6,700   7,350   7,500   2%   12%   -40%      
Neptune   Ambivali   Kalyan   NA   1,500   1,600   1,700   6%   13%   -            
Flying   Kite   Bhandup   7,991   4,391   6,191   6,791   10%   55%   -15%            
Olive   Mulund   7,991   5,391   6,591   7,491   14%   39%   -6%               
Nirmal   Lifestyle   City   of   Joy   Mulund   (W)   8,000   4,797   5,994   6,552   9%   37%   -18%
Lifestyle   City   Kalyan   NA   1,935   2,100   2,151   2%   11%   -            
Zircon   Mulund   NA   4,851   5,494   6,552   19%   35%   -               
Polaris   Mulund   7,000   6,210   6,300   6,552   4%   6%   -6%               
Oberoi   Springs   Andheri(W)   14,000   11,500   14,000   16,000   14%   39%   14%            
Woods   Goregoan(E)   12,000   9,500   11,200   13,000   16%   37%   8%               
Splendor   Andheri(E)                                    
9,500                                       
7,000   8,500   11,000   29%   57%   16%                        
Exquisite   Goregoan(E)   NA   NA   NA   10,000   -   -   -               
RNA   Continental   Chembur   (E)   NA   NA   NA   10,000   -   -   -         
Address   Kalina   NA   NA   NA   14,500   -   -   -               
Royal   Palms   Lake   View   Goregaon   (E)   NA   4,799   3,999   NA   -   -   -   
Runwal   Group   Anthurium   Mulund   (W)   NA   6,500   7,250   8,000   10%   23%   -      
Pride   Mulund   (W)   NA   6,000   8,000   8,000   0%   33%   -            
Greens   Mulund   (W)   NA   NA   NA   6,600   -   -   -            
Elegante   Andheri(W)   NA   NA   NA   13,999   -   -   -               
Rustomjee   Rustomjee                                    
Urbania                                       
Thane   (W)   4,880   3,330   5,000   6,250   25%   88%   28%               
Global   City   Virar   (W)   NA   2,200   2,500   4,133   65%   88%   -         
Rustomjee                                       
Elanza                                       
Malad   (W)   9,000   9,000   9,500   9,500   0%   6%   6%               
Sheth                                       
Developers                                       
Polaris   Goregaon   (W)   11,000   9,500   10,000   10,500   5%   11%   -5%            
Vasant   Lawns   Thane   (W)   6,200   5,700   6,000   6,500   8%   14%   5%         
Grandeur   Borivali   (E)   7,600   6,500   8,000   NA   -   -   -            
Ivy   Malad   (E)   7,900   7,250   8,500   9,500   12%   31%   20%            

komal

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Re: Mumbai Property Price Comon 2008 to April 2010
« Reply #1 on: April 13, 2010, 06:00:04 PM »
We visited Maharashtra Chamber of Housing Industry’s (MCHI) property exhibition held in Mumbai between 8 and 11 April 2010. On an average, the prices of residential projects in Mumbai have risen by around 40% in the past 9-12 months.

Unlike the last exhibition in October 2009, no discounts were on offer to woo buyers, suggesting a comfortable liquidity situation for the local developers. Most developers were concentrating on selling their existing projects, or in few cases, were testing the market with small launches in the premium segment of the housing market (above INR14,000/sqft).

Unlike in 2007, wherein banks were ready to finance 85% of the transacted value, institutions such as ICICI are now willing to finance only 75-80% of the total property value.

Average price of an apartment in Mumbai suburbs ranges between INR5,750/sqft and INR12,000/sqft. Assuming an average apartment size of 1,000 sqft, and LTV of 75% on a 20-year home-loan, the minimum annual household income required to service the home-loan is approximately INR1.3m.