Rajesh Khanna's Bungalow Sold

Mumbai Real Estate

Mumbai real estate is abuzz with the news of sale of 'Aashirwad' the bungalow which was owned by the first superstar of Bollywood - Rajesh Khanna. The real estate Mumbai property is located at
Carter Road, one of the poshest area in the city which is dotted with several high profile property sites. It is believed that this Mumbai real estate property is being bought by a prominent city industrialist Mr. Shashi Kiran Shetty.

The realestate Mumbai property which is a big tourist attraction for thousands of fans of Rajesh Khanna, is believed to be fetching somewhere between Rs 90 to 95 crore. The landmark sea-facing bungalow measures around 603sq m. Sole beneficiaries from the sale of this property site will be Rajesh Khanna's two daughters, Twinkle and Rinkie Khanna. Insiders indicate that the hushed up deal is will be concluded after the mandatory 14-day notice regarding ownership claim by a outside party is over. Initially, the daughters of the late Bollywood superstar wanted to make a museum in the memory of their mega-star-father, but now it looks as if the plan has been scrapped.

According to market sources the real estate Mumbai property is being bought at a much lesser price that was expected due to small plot size. The recent uncannily reports that ' Aashirwad' is haunted might have also reduced the market value of this Mumbai real estate property. It is believed that Mr. Shetty has been vouching to buy this bungalow with a budget of around Rs 100 crore for quiet some time.

The industrialist eying Aashirwad bungalow already owns several flats in Mumbai. Mr. Shetty had also booked a luxury apartment in the ongoing construction project at Palais Royale skyscraper in Worli for about Rs 40 crore, but after the construction of the project was halted due to a legal battle, Shetty started searching for a bungalow in the vicinity.

Real Estate Mumbai: Price Rates Prevalent over Andheri-Dahisar Area

Mumbai Property at Makaan.com

Andheri-Dahisar is one of the poshest areas of Mumbai and is mostly inhabited by upper-middle and elite class. The Q-o-Q change in average per square feet rate has been recorded at 10.44%. This indicates that the change in price rates has been significant in Jan-Mar quarter of 2014. As far as individual localities of real estate Mumbai in this area are concerned, they have shown different rates in the psf values. This blogs throws on avenger prices prevalent across these localities and the % change in their psf rates.

Malad(W), Goregaon(E), Kandivali(W), and Dahisar(E) are the localities where a 350 sq. ft. 2 BHK apartment can be available in 20-45 lakh price bracket. Dahisar(E) and Kandivali(W) have witnessed appreciation of residential rates, while at the remaining two, rates underwent depreciation. For buyers seeking a  two-room flat in 40-60 lakh range, there are several options: Kandivali(E), Borivali(W), Malad(E), Charkop, Oshiwara, and Jogeshwari(E). While appreciation in Kandivali(E), Borivali(W),  and Charkop varied in 1-2%, rates dropped in the others. Oshiwara witnessed the plummeting of rates by about 7%, while in Malad(E), the prices dripped by 2%, as compared to the previous quarter.

Indian real estate buyers eying properties above 70 lakh have otions like Andheri, Borivali(E), Thakur Complex, Chandivali, 4 Bungalows, Juhu, Marol, Versova, and Veera Desai Road.  Average psf rates over Andheri(W), Thakur Complex, Marol, Chandivali, Versova and Veera Desai Road showed an upsurge in residential rates of apartments. 

If compared to the properties in Navi Mumbai, the price rates are significantly higher in Andheri-Dahisar area.

Finding Residential Properties in Mumbai Now a Click Away

Prospective buyers or sellers of residential property in Mumbai are now logging on to various real estate websites to buy or sell properties the easy way. Real estate websites have become more sort of a destination to find apartments or plots for the purpose of selling/buying/renting. With the increasing number of visitors, these sites are consistently working to help house seekers in finding a residential property of their dream.
 
Visiting real estate agents again and so to collect information about residential properties is quite a tiresome and irritating task. Not only the agents try to charge hefty commissions but sometimes fail to provide enough information pertaining to properties. But, with a real estate website you can easily find a residential property without much trouble.
Real estate websites offer hassle-free experience to buy or sell residential properties. The prime objective is to connect both buyers and sellers so that they can seal a deal of their choice. Be it a residential property in Mumbai or in other major cities of India, with the click of mouse you can browse and collate information on the various residential properties in Mumbai without interference.  The portals give the advantage to choose from a range of locations, proximity of the work place, amenities and types of property. And interestingly, you can easily connect directly with sellers or owners and directly negotiate the price.

According to a survey, residential property prices in Mumbai increased by 17% in the year 2012. The prices escalated steadily. Moreover, properties in Navi Mumbai came to a lot of focus with new developers entering the realty market. Now, in this dynamic market to find a residential property in Mumbai the best way is to browse and compare the prices taking the help of property sites. The realty sites allow you to view pictures of houses, check the prices and interact with owners or developers with no costs.

What’s more? Well, many reliable realty portals even help you to remain update on realty markets or properties by sending alerts to your inbox. The sole aim of such services is to help individuals remain well informed about the realty market and in finding a property of their choice that comes within budget. The alerts services are made available absolutely free to its customers.
Buying a residential property in Mumbai is a crucial decision and so you should speculate the realty market property with the help of real estate website so that you could seal a lucrative deal.