Navi Mumbai real estate market collapses

Dire economic situation and rising inflation has taken a heavy toll on the Navi Mumbai real estate market in the past 2 months.The proof of this collapse has come from the registration figures in the registration dept and the amount of new proposals being subimtted in the NMMC and CIDCO town planning dept.Developers are struggling…

Navi Mumbai has 54,267 vacant houses

A startling figure has come to light during the 2011 house census.The census says that out of the 3,89,019 structures classified as houses,54267 houses are vacant (without any occupant).This is roughly 13.94%.This survey was undertaken by the Govt.Out of these structures,2,52,201 structures are used purely for residential purposes,4215 are used for mixed purposes and 36,394…