The financial capital of the country is unfortunately crumbling at its roots...to be of any relevance in the future Mumbai has no choice but to go in for major surgery ...a very well explained talk ...highlighting both pros & cons of a situation ...that finds Mumbai facing what can only be described as a classic case of " Hobsons choce"
very important explanation on the major changes happening to bombay real estate. some builders and home owners will make big big money with these redevelopments
Heyy krish! The video was very insightful ☺️ wanted to understand how does someone with let’s say a pathology lab on the first floor in one of these old buildings gets a commercial property in the new building so that the person is able to continue their practice in future. Also even if they don’t want to practice in future, possibly benefit from commercial real estate rates.
What happens to existing commercial premises depends on each individual deal. From what I understand in some cases the new building may allow commercial premises likes banks, laundromats etc but others may not. Really comes down to the specific development plan. Nonetheless I recommend consulting a lawyer on this point as to the rights you may or may not have as the owner of a commercial property in a building undergoing redevelopment. Thanks for watching, hope you found the video useful!
you asked if mumbai can handle redevelopment. many people live in poor buildings and small houses. they deserve and need bigger houses. as rightly said by you nuclear family is a fact. so more houses are needed. infrastructure in the city needs to increase very quickly to keep up with these developments as many more high rises emerge and number of cars increases. who will pay for all this? ultimately those who wont redevelop will bear the brunt without the advantages.
The shift in standard of living demands is arguably under-appreciated. At all levels people want modern buildings with amenities and builders are quickly adapting to this shift. Nothing makes you want a swimming pool more than finding out your neighbour has one. Thanks for watching and commenting!
Many many companies will try to capitalise on redevelopment. but dont know if bombay needs so many new houses if every building is redeveloped. home loan lenders will be affected by this
an increase in housing stock is required in the city. A qualitative improvement in housing is just as important. What do you think will be the effect on house prices? Hope you found the video useful, thanks for watching and commenting!
All want to redevelop maybe . however the big change is that cooperation in cooperative societies is lost. new gen all live with large egos. a big down side once redevelopment catches steam , supply of 1000s of flats which need min 1 lac to 1.5 lac per sqft buyers for areas ranging from Colaba to Marine drive to Breach Candy , Peddar and alt amount road . similarly suburbs of Bandra Andheri and so on. how big a market at these rates ??? unless high courts stop admitting frivolous petitions , inspite of majority , project delays can lead to unimagined delays as litigation in India is another story all together
Anecdotal evidence suggests quoted prices and prices at which deals take place are quite different. After all there are only so many people who can afford 1 to 1.5 lakh per square foot, even in Mumbai. Will be fascinating to see the grounds on which redevelopment agreements are challenged in court once the 51% threshold is crossed. like you said, delaying redevelopment may be as good as stopping it. Thanks for watching!
ask people living in slums if redevelopmetn is required and you will get your answer. infra always lags but it will come. next 50 years mumbai will be unrecognisable. another winner: cgi companies for bollywood movies set in the 80s and 90s as that world will disappear
Space is undoubtedly an issue in Mumbai. It's a fascinating urban development problem whether it is even possible to build sufficient infrastructure. Thanks for watching and commenting!
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The financial capital of the country is unfortunately crumbling at its roots...to be of any relevance in the future Mumbai has no choice but to go in for major surgery ...a very well explained talk ...highlighting both pros & cons of a situation ...that finds Mumbai facing what can only be described as a classic case of " Hobsons choce"
Glad you enjoyed the video, thanks for watching and commenting!
An extremely interesting video as usual ❤❤
Glad you found the video interesting, thanks for watching and commenting!
very important explanation on the major changes happening to bombay real estate. some builders and home owners will make big big money with these redevelopments
Glad you found the video useful, thanks for watching and commenting!
Heyy krish! The video was very insightful ☺️ wanted to understand how does someone with let’s say a pathology lab on the first floor in one of these old buildings gets a commercial property in the new building so that the person is able to continue their practice in future. Also even if they don’t want to practice in future, possibly benefit from commercial real estate rates.
What happens to existing commercial premises depends on each individual deal. From what I understand in some cases the new building may allow commercial premises likes banks, laundromats etc but others may not. Really comes down to the specific development plan. Nonetheless I recommend consulting a lawyer on this point as to the rights you may or may not have as the owner of a commercial property in a building undergoing redevelopment.
Thanks for watching, hope you found the video useful!
you asked if mumbai can handle redevelopment. many people live in poor buildings and small houses. they deserve and need bigger houses. as rightly said by you nuclear family is a fact. so more houses are needed. infrastructure in the city needs to increase very quickly to keep up with these developments as many more high rises emerge and number of cars increases. who will pay for all this? ultimately those who wont redevelop will bear the brunt without the advantages.
The shift in standard of living demands is arguably under-appreciated. At all levels people want modern buildings with amenities and builders are quickly adapting to this shift.
Nothing makes you want a swimming pool more than finding out your neighbour has one.
Thanks for watching and commenting!
builders are usually the ones who benefit by this also at times they provide subpar properties
Do yoh think this fear will encourage societies to work with reputed builders?
Thanks for watching and commenting, hope you liked the video!
Many many companies will try to capitalise on redevelopment. but dont know if bombay needs so many new houses if every building is redeveloped. home loan lenders will be affected by this
mumbai needs as many houses as it can get. too many people. density is unsustainable but who will leave
an increase in housing stock is required in the city. A qualitative improvement in housing is just as important.
What do you think will be the effect on house prices?
Hope you found the video useful, thanks for watching and commenting!
All want to redevelop maybe . however the big change is that cooperation in cooperative societies is lost. new gen all live with large egos. a big down side once redevelopment catches steam , supply of 1000s of flats which need min 1 lac to 1.5 lac per sqft buyers for areas ranging from Colaba to Marine drive to Breach Candy , Peddar and alt amount road . similarly suburbs of Bandra Andheri and so on. how big a market at these rates ??? unless high courts stop admitting frivolous petitions , inspite of majority , project delays can lead to unimagined delays as litigation in India is another story all together
Anecdotal evidence suggests quoted prices and prices at which deals take place are quite different. After all there are only so many people who can afford 1 to 1.5 lakh per square foot, even in Mumbai.
Will be fascinating to see the grounds on which redevelopment agreements are challenged in court once the 51% threshold is crossed. like you said, delaying redevelopment may be as good as stopping it.
Thanks for watching!
only investors who made money in the stock market can afford these prices. a bad period for stocks will cause a big issue in the real estate market
ask people living in slums if redevelopmetn is required and you will get your answer. infra always lags but it will come. next 50 years mumbai will be unrecognisable. another winner: cgi companies for bollywood movies set in the 80s and 90s as that world will disappear
Space is undoubtedly an issue in Mumbai. It's a fascinating urban development problem whether it is even possible to build sufficient infrastructure.
Thanks for watching and commenting!
@@thekrishkotharishow no time to plan just build and then find a way out 🙃
@@cricketgiantfan I think Mumbai will have more skyscrapers than Dubai , Shanghai in near future .
@@smilingassassin6565 maybe in total compared to dubai coz of population difference china too far ahead
All new companies are coming to gujrat !!?
Mumbai ain't getting any developments further
Power of gujratis !!!
Thanks for watching!