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Is Mumbai’s realty market reviving?

DNMUM438357 | 6/27/2019 | Author : Edit | WC :214 | Opinion & Viewpoint

DNA Money Edit

Japanese conglomerate Sumitomo has submitted a bid of Rs 2,238 crore for a three-acre plot in Mumbai’s business district of Bandra-Kurla Complex, translating to Rs 745 crore per acre.
Actress Tamannaah Bhatia of Baahubali fame has bought a flat at Versova for Rs 80,778 per sq ft which has an asking price of not more than Rs 40,000 per sq ft.
MSwipe Technologies’ Manish Patel has paid a whopping Rs 38.08 crore for a 2,952 sq ft apartment, or Rs 1.29 lakh per sq ft, near Mukesh Ambani’s Antilla.
These three transactions in the last one month certainly go against the trend of struggling realty market in Mumbai. Some of the industry insiders themselves are flummoxed by these transactions, especially at a juncture whe
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