With 219 on­go­ing projects, Kan­di­vali Rates set to crash

Accommodation Times - - Front Page - By AT News Ser­vices

Ahuge stock pil up in Kan­di­vali East and West and there are yet one crore sqft yet to come in the mar­ket which is un­der var­i­ous stages of de­vel­op­ment or plan­ning. The rates have fallen from 12000/per sqft to Rs.7000/- to 9000/per sqft for ready flats and un­der con­struc­tions, there no tak­ers. Since huge sup­ply lined up and cur­rent-inventory is not sell­ing, in­vestors are panic sell­ing their stocks and no new buy­ing hap­pen­ing. Some of the lead­ing projects in the vicin­ity :

Gun­decha Trillium, Sun­tek Sig­nia High, May­fair Greens, Ra­heja Re­flec­tion Odyssey, Thakur J wel, Shivam Im­pe­rial Heights, Shapoorji Pal­lonji Alpine, White City, A ceme Av­enue, Octa Crest, Pari­nee Essence, Bhoomi Legend, Shree Rid­dhi Siddhi, Su­mukh Hills, NG Suncity, Ever­shine Mellinium Par­adise, Lokhand­wala Sap­phire Heights, Vas­ant Sa­gar Com­plex, Gokul Gar­den, Gun­decha Val­ley of Flow­ers.

Ten year old build­ing and some of them with­out OC also off­ing for lesser than mar­ket price. Asha Na­gar in East and Ma­havir Na­gar in west of Kan­di­vali has many such deals with the bro­kers.

Real Es­tate list­ing site Mag­icbricks from Times of In­dia have started e-com­paigns for builders to gen­er­ate leads. A re­cent email broad­cast by the list­ing site of­fers prop­er­ties at Kan­di­vali rang­ing from Rs.55 Lakhs. See the of­fers : Ta­ble No. 1, 2, 3 Apart from th­ese new projects, flats in old build­ings and projects are also avail­able. Ten year old build­ing and some of them with- out OC also off­ing for lesser than mar­ket price. Asha Na­gar in East and Ma­havir Na­gar in west of Kan­di­vali has many such deals with the bro­kers. An es­ti­mate of a re­search house says that Kan­di­vali alone has 25000 flats avail­able for tak­ers be­sides new con­struc­tions and some re­de­vel­op­ment pro­pos­als yet to come. Shapoorji Pal­lonji com­ing up with 50 lakh sqft in Samta Na­gar and Tahkur Builders yet to show their huge land bank in the area.

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