House for families – Makaan Bhai

The distance between CSMT and Karjat will decrease; commuters will save half an hour! Find out how…

Makaan Bhai — Tue, 12 Dec 2023 05:28:47 +0000

This is happy news for commuters traveling from CSMT to Karjat; now reaching home sooner is easier. See news about your work.

Mumbai Local: You might have noticed a large community traveling by the Mumbai local train for their daily work. This group, undertaking this long journey daily for employment, constantly rushes against time, sprinting for a train. If they miss one, all their calculations go awry. The worry of those commuting from CSMT to Karjat may decrease in the coming days. A critical decision has been taken by the railway department and administrative mechanisms.

Looking at the increasing population in Panvel and Karjat areas, railway tracks are expanding in these regions. Narayan Shankar, a member of the Railway Board’s Infrastructure department, provided information stating that the inspection process for railway corridors has successfully passed on the current routes. A new corridor connecting Panvel and Karjat will be part of this railway project. For this purpose, the government has utilized 57 hectares of private land and 4.4 hectares of public land. Some portions of forests will also be utilized. This new corridor is expected to seamlessly connect Navi Mumbai and the Raigad district with major cities.

Due to this railway corridor, the regular travel time between Chhatrapati Shivaji Maharaj Terminus and Karjat will be reduced by an average of 30 minutes. Therefore, many individuals will now find it easier to reach home on time. Currently, when traveling via the Kalyan route, many face various obstacles. However, this situation might change for the better. Presently, 46% of this project has been completed, and the Mumbai Rail Vikas Corporation (MRVC) has stated that this project will be completed by 2025.

Due to numerous government-initiated projects, property prices in future locations like Karjat and Neral are expected to escalate significantly. This is a golden opportunity for home buyers. We are MakaanBhai.com, the leading zero-brokerage property advisors in Mumbai. Our experienced team is here to guide you through the entire process. We take pride in having comprehensive knowledge about the real estate market in Mumbai, Navi Mumbai, and surrounding areas like Karjat, Neral, Vangani, and Badlapur. Contact MakaanBhai.com today and secure your home investment.

Information Source : Internet

Real Estate Projects Becoming Unviable Due to High Construction, Capital Cost: Tata Realty MD & CEO

Makaan Bhai — Mon, 09 Jan 2023 01:38:00 +0000

When Asked About the Factors Making Projects Unviable, Dutt Pointed Out, “Real Estate Requires a Lot of Capital in India, First of All to Acquire Land. In Major Cities Such As NCR, Mumbai And Bengaluru, It (Land Cost) Is Almost 50 Per Cent To 80-85 Per Cent Of The Project Cost.”

Mumbai : The Development Of Real Estate Projects In India Is Becoming Unviable Due To High Cost Of Land, Capital And Construction, Along With Other Economic Uncertainties, Said Sanjay Dutt, MD & CEO Of Tata Realty And Infrastructure Ltd. Dutt, Who Also Heads Tata Housing, Said The Government As Well As Judiciary Should Hold Accountable All Stakeholders That Are Involved In Approval And Development Of Real Estate Project To Make Things Easier.

Real Estate Projects Are On The Verge Of Becoming Unviable, He Remarked.
When Asked About the Factors Making Projects Unviable, Dutt Pointed Out, “Real Estate Requires a Lot of Capital in India, First of All to Acquire Land. In Major Cities Such As NCR, Mumbai And Bengaluru, It (Land Cost) Is Almost 50 Per Cent To 80-85 Per Cent Of The Project Cost.”
He Mentioned That It Takes Another 2-3 Years In Designing The Project And Getting All Regulatory Approvals To Start Construction And Marketing Activities.
Dutt Said The Cost Of Capital Varies A Lot, From 8.5 Per Cent For Reputed Builders To 18 Per Cent For Non Reputed Ones. Elaborating Further, He Said The Developers Launch Projects At A Price Based On The Current Input Cost, But The Same Can Rise Significantly During The 5-6 Years Construction Period.
“You Decide to Launch Today at A Price but You Don’t Know the Cost of Steel and How Much It Will Change in The Next Five or Six Years. That You Have To Absorb, But You’ve Already Sold The Project,” Said Dutt. He Said The Builders Are Forced To Absorb Increase In Costs Of Construction Materials And Interest Among Others. “So Your Project Is Constantly Vulnerable To Market,” He Said, Adding That The Builders Do Set Aside Some Fund For Contingencies But The Market Setbacks Could Be Much Higher.
Moreover, He Said The Government Is Bringing Reforms At A Fast Pace For Boosting Growth Of The Country. “There Are Constant Changes And Constant Changes Affect Projects,” He Said And Cited Some Examples Where Changes In Building Rules Led To Increase In Cost Of Projects.

Information Source : Internet