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THE HIDDEN CORNERS: Mumbai's New Development Destinations
Dickenson Intellinetics Private Ltd, September 2008, Pages: 6
Mumbai, the land of opportunity for the teeming millions of India, has absorbed the migrant population for long and is now bursting at its seams. The overflow of population has spilled on to the hidden corners of Mumbai. And out of the shadows has emerged a new haven in the suburbs of Mumbai. On embarking upon a journey to these, no more remote, areas of Mumbai, the write-up discovers a plethora of developmental activity and opportunity thereby making these areas attractive to the prospective residents.
Capturing the Indian Market Dynamics
Upcoming suburbs of Mumbai explored in terms of infrastructure facilities, average rates prevailing, for commercial and residential purposes.
Its readership base could comprise developers, capital market players, consultants to investors, from the VC/PE communities, merchant bankers and managers of the evolving REITs and REMFs.
Towards Optimal Solutions
- Every city in the world goes through the cycle of growth, progress, expansion, saturation and finally decentralisation.
- Mumbai, the financial capital of India, is no exception to this. In its present stage, it is in the phase of saturation and the suburbs have taken over as new centres of activity.
- With infrastructure developing fast in these areas, some of Mumbai's suburbs are lucrative options for acquiring residential and commercial space.
About the Authors
The article has been co-authored by Shobhit Agarwal, Joint Managing Director, Jones Lang LaSalle Meghraj, India; and Pankaj Renjhan, Managing Director, Mumbai, Jones Lang LaSalle Meghraj, India.
Shobhit manages a national team spread across 8 cities. He has co-authored a paper on “Investment in Indian Real Estate”published in Prop Guide; and a research paper on “Impact of Urban Technologies” published in Socio-economic Development Record, 2000.Pankaj has strategic insight on the transactions in Retail, Residential and Capital Markets. He has 9 years of experience in real estate.
The following suburbs of Mumbai explored in terms of infrastructure, residential and commercial spaces along with the prevailing rates:
- Lower Parel
- K Raheja Constructions
- Hiranandani Constructions
- Runwal Developers
- Kalpataru Developers
- Shoppers Stop
- Kanakia Developers
- Chesterton Meghraj
- Thakur Complex