Whalesbook
Toh bhai, developer ne development agreement sign kar liya hai aur IOD bhi mil gaya hai. Matlab kaam shuru hone wala hai. Project lagbhag 3 se 4 mahine mein launch ho sakta hai, aur ghar dene mein 4 se 5 saal lag jayenge. Total saleable carpet area 7.6 lakh sq ft se zyada hoga. Ismein 380 units purane residents ke liye hongi aur 850 se zyada homes khule market mein bikenge. Yeh deal western suburbs mein company ko aur strong banayegi.
Mumbai mein toh real estate ka asli khel hi redevelopment ka hai. Cities mein land kam hai na, toh lagbhag 30-40% naye homes redevelopment se hi aate hain. Borivali jaisi jagahon par purani buildings girakar nayi banani common ho gaya hai. Par dhyan do, yeh easy nahi hota. Purane residents ko sambhalna aur naye buyers ko attract karna ek balancing act hai, jismein time lagta hai. Western suburbs mein ab homes ki price purani properties se 44% tak zyada chal rahi hai, toh potential toh dikh raha hai.
Market mein bade players bhi hain. Jaise Oberoi Realty ka market cap lagbhag ₹62,659 Cr hai, aur Godrej Properties ka ₹55,066 Cr. Lodha Developers toh sabse bada developer hai Mumbai mein. Aur haan, Shapoorji Pallonji Group bhi apna real estate business list karke ₹8,000 Cr judane ki planning kar raha hai. Sector mein kuch companies thoda struggle bhi kar rahi hain, jaise Tata Housing ne loss report kiya tha.
Haan, ₹3,000 Crore ka Gross Development Value (GDV) sunne mein achha lagta hai, par Mumbai mein redevelopment projects chalana ek challenge hota hai. Developers ko purane residents se baat karni padti hai, government approvals lene padte hain, aur project finish hone mein 8 se 11 saal bhi lag sakte hain. Rehab units banane se profit margins par pressure aa sakta hai, upar se construction costs bhi badh rahi hain - labor wages 5-12% tak badh sakte hain 2026 mein. Knight Frank India ne bhi warn kiya hai ki prices ab sustainable levels se upar ja rahi hain, aur residents ki expectations bhi badhi hain.
Agli kuch saalon tak, matlab 2026 tak, Indian real estate market grow karne ki ummeed hai. Cities mein badhti population aur achhi infrastructure ki wajah se demand bani rahegi, specially premium homes ki. Mumbai ka market bhi active hi rahega. Prices mein dheere dheere rise dekhne ko mil sakta hai. Par haan, construction costs aur global economy ka impact rahega.
House of Hiranandani ke liye ye Borivali wala project ek important step hai yeh prove karne ke liye ki woh Mumbai ke redevelopment opportunities ko successfully manage kar sakte hain, despite all the hurdles.