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Dear ck.kislay,
You are subscribed to the thread "Real Estate Bubble Set to Burst Again in India" by MANOJa, there have been 1 post(s) to this thread, the last poster was southsea.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: southsea
On: April 26 2018 07:38 AM
http://www.business-standard.com/article/economy-policy/mumbai-frees-up-land-to-build-10-bandra-kurla-complexes-118042600054_1.html [i]"In the island city, the [/i][url="http://www.business-standard.com/search?type=news&q=fsi"][i]FSI [/i][/url][i]has been increased from 1.33 to 3 and 5 for residential and commercial properties, respectively. In the suburbs, it has been increased from 2 to 2.5 for residential properties and from 2.5 to 5 for commercial properties."[/i] As I have said many times in previous posts, higher FSI is inevitable in our cities. Literally with a stroke of a pen authorities can create space for more houses. Event an FSI of 5 is low compared to many asian cities (HK, etc). The same is going to happen to Delhi, Bangalore, etc. The effect of higher FSI will play out slowly over years and decades. I expect that urban housing will give low returns for a fair while yet. (Not counting the last 4-5 years of near zero returns).
With warm regards,
Team IREF
With warm regards,
Team IREF
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