Tag: Parel

Mumbai rental market hit hard

The global economic meltdown has hit the once-booming commercial lease rental market in Mumbai. Rents have dropped by 20% to 25% on an average in the last quarter of 2008. In some prime commercial properties in the erstwhile mill land enclave of Central Mumbai, the drop is 50%. It was barely six months ago that […]

Home prices may fall in first quarter of 2009

Potential home buyers, who have been deferring their purchase decisions, may have to wait till April-May to get a good deal. The ripples of the ongoing financial crunch, coupled with mounting pressure from various other circles, will peak between January and March. That’s when many developers will be forced to sell the unsold stock at […]

Marathon Nextgen Realty Gets 37.3% Rise In Net Profit

MARATHON NEXTGEN Realty Limited, a leading real estate company, has posted a 37.3% rise in net profit for the financial year ended March this year. It amounts to about 62 crore rupees. Total revenue grew by 23%, about 120 crore rupees, over Fiscal year 2006-2007.