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Real Estate Status In MUMBAI

By zameenprince on Jan 27, 2010 |Business

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Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} An apartment,admeasuring approximately 1,150 sq ft, situated in Malabar Hill , was soldfor around Rs 4,00,00,000 (Rs 34,783 per sq ft). The capital values for amid-segment apartment in Malabar Hill would typically range from Rs2,00,000–3,50,000 per sq ft and this apartment’s sale price is well within theprevalent price range. The apartment is located in a prime residential buildingand therefore, even though the building is old, it has been attractingconsiderable interest from end-users and investors. Malabar Hill hastraditionally been one of Mumbai’s mostrecognisable residential locations and boasts of features such as proximityto the CBD and other business districts, including central Mumbai and BKC.  

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