After witnessing problems faced by buyers and sellers to know actual prices for resale industrial properties, we decided to take the mantle in our hand and publish information based on data available with us as well as data that’s there in public domain. Please note that these prices should not be treated as benchmark and are for reference purpose only. Prices may vary depending on location, construction done on plot and most importantly owner’s expectations. Nowadays owning to recession, owners in TTC area have been quoting exorbitant rates and any proposal at par with actual market rates is being rejected as such owners don’t want to let buyer’s consider that there is need to liquidate their properties. Whereas Buyers have been expecting for major correction to happen so are asking for drastically low rates.
A] Nerual, Turbhe, Khairane, Pawane, Rabale, Ghansoli: These regions are primarily engineering, chemical zones.
1} Sale : Open plots should be available from INR 30,000 per sq.m. to 36,000 per sq.m. unless the location is extremely close to Thane-Belapur highway. Price range for constructed properties is very wide from INR 40,000 per sq.m. to 50,000 per sq.m. (considering basis R.C.C. structure). Price depend upon construction area, construction quality, age, documentation, permissible activity & location.
2} Lease : Rentals can be divided into IT/ITES and Engineering activties. IT/ITES Furnished 60-65 & unfurnished 30-40 Rs./Sq.ft. Engg./R&D Furnished 35-45 & unfurnished 25-35 Rs./sq.ft.
3} Warehouse : Sale -> INR 30,000-40,000 per sq.m. Rent -> INR 22-28 per sq.ft.
B] Mahape: Its majorly an IT/ITES and electrical/electronics zone. Most of the units situated in Millennium Business Park (MBP) are being quoted at comparatively higher rates. Sale and Lease prices for IT/IES in MBP are INR 60,000-70,000 per sq.m. and INR 70-80 per sq.f.t (Furnished). MBP offers lot of options in 3000-10000 sq.ft. area range with most of them being furnished properties. Properties in Electronics zone are demanding rates similar to engineering zones in TTC area.
We would request one & all to kindly contribute or give your feedback.
A] Nerual, Turbhe, Khairane, Pawane, Rabale, Ghansoli: These regions are primarily engineering, chemical zones.
1} Sale : Open plots should be available from INR 30,000 per sq.m. to 36,000 per sq.m. unless the location is extremely close to Thane-Belapur highway. Price range for constructed properties is very wide from INR 40,000 per sq.m. to 50,000 per sq.m. (considering basis R.C.C. structure). Price depend upon construction area, construction quality, age, documentation, permissible activity & location.
2} Lease : Rentals can be divided into IT/ITES and Engineering activties. IT/ITES Furnished 60-65 & unfurnished 30-40 Rs./Sq.ft. Engg./R&D Furnished 35-45 & unfurnished 25-35 Rs./sq.ft.
3} Warehouse : Sale -> INR 30,000-40,000 per sq.m. Rent -> INR 22-28 per sq.ft.
B] Mahape: Its majorly an IT/ITES and electrical/electronics zone. Most of the units situated in Millennium Business Park (MBP) are being quoted at comparatively higher rates. Sale and Lease prices for IT/IES in MBP are INR 60,000-70,000 per sq.m. and INR 70-80 per sq.f.t (Furnished). MBP offers lot of options in 3000-10000 sq.ft. area range with most of them being furnished properties. Properties in Electronics zone are demanding rates similar to engineering zones in TTC area.
We would request one & all to kindly contribute or give your feedback.