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Why are property prices so high in Mumbai?
A combination of factors such as distance from the prime South city centres to the suburbs, coupled with lack of robust infrastructure connecting these places, has led to prices surging in the prime city centres and the immediate peripheries such as Prime North (Bandra-Juhu) and South Central (Byculla-Chembur).
It is possible property prices in Navi Mumbai will also rise again during the April-July season of 2021, thereby ending a property market lockdown. In other words, it’s very likely property rates will stay low for the next few months and then go back up to previous levels by July as the business returns to normalcy.
Is Thane better than Mumbai?
Mumbai is far better than Thane in many ways. From the infrastructure and to the living standard of people is completely different. Even though there are big big projects under construction and some may have completed, but then to it will take long time to make Thane some what like Mumbai.
Is buying a house in Mumbai expensive?
And it is also India’s most expensive housing market. With demonetization and RERA, property prices in Mumbai have stabilised, to a certain extent. There are some individual pockets around the city that could still, despite Mumbai’s increasing housing prices.
Is Thane a posh area?
Thane, a metropolitan city of Thane District turned out to be one of the posh locations in the Indian state of Maharashtra, which is now acting as a house to some of the best real estate projects not only in Maharashtra, but also in the world.
FSI or floor spacing index is a term you might often hear in real estate. It is the upper cap on the permitted built up area on a given piece of land. The FSI value that the Navi Mumbai Municipal Corporation approves is based on the General Development Control Regulations (GDCR) of 1975. …
Is Thane a rich area?
Thane has become popular among the rich looking to buy a property, said a study. “Thane, with its superior infrastructure and overall connectivity, is becoming attractive for the rich people,” said Das. “Compared to Mumbai, people can get bigger houses with all the modern amenities in place.
Is Thane as expensive as Mumbai?
Cost of Living Comparison Between Mumbai and Thane You would need around 109,748.43₹ in Thane to maintain the same standard of life that you can have with 150,000.00₹ in Mumbai (assuming you rent in both cities).