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Friday, March 1, 2024

Mumbai's 2BHK flat of 323 sq ft, priced at ₹75 lakh, offers shock to netizens; dwelling tour video goes viral

Mumbai is a metropolis of desires and proudly owning a home in Mumbai has been a lifelong dream for a lot of. Lack of house has cramped up the monetary capital and the surge in actual property costs has shocked the folks pondering to purchase or lease property in Mumbai.

Be it flats, schools, faculties, workplaces, or anything, getting a spacious one isn’t solely robust however costly too. Although for a lot of the remainder of the Indians, both do not join with the costs or cannot perceive the logic behind the intense costs of proudly owning an area in Mumbai.

Not too long ago, a video showcasing the development of a 2BHK flat inside a mere 323 sq ft space in Mumbai’s Kandivali East space has gone viral. The video reveals the flat with two bedrooms, a lounge, and a kitchen, which to most Indians isn’t a lot greater than a single-car storage.

Priced at 75 lakhs in a towering 23-storey constructing in Kandivali East, it has shattered folks’s expectations. Additionally, folks have reacted sharply to how can such a small place be so pricey!

ALSO READ: Mumbai’s property registration witnesses best November in 11 years: Knight Frank Report

Through the video, which took the digital viewers on a house tour, the lady reveals the compact kitchen, residing house, and two bedrooms in a grandeur method. This has left netizens in splits they usually have commented on it in awe and shared laughing remarks too.

Right here’s the Viral Video:


One consumer wrote, “2BHK flat in a 323 sq ft space. 323 sq ft is lower than even one-half of a badminton courtroom. That is for 75 lakh. Don’t miss the washrooms and attempt to discover the showering house in them.”

One other commented, “Lavatory toh shuru hote hello khatam ho gaya,” whereas a 3rd commented, “I needed to replay the washroom half to know the place precisely do I take a shower.”

Mumbai’s actual property critics mentioned, “Their definition of a master suite is barely (very) totally different…. ~300sqft is often the precise dimension of a ‘master suite’ in actuality. Mumbai RE is a joke.”

Whereas, these supported creativity in house administration, mentioned in flat’s protection. “Folks laughing at this could go to Singapore; such flats are being bought at one million Singaporean {dollars}.” One other commented, “That’s some severe creativity in house administration!”

What does knowledge say?

In response to knowledge from the Maharashtra authorities, Mumbai actual property market reported 10,901 property registrations in January 2024, contributing to a income of 746 crore for the state authorities – it is a 21 % 12 months-on-12 months (YoY) improve in registration numbers and an 8 % YoY development in income in comparison with the earlier 12 months, confirmed knowledge from the Maharashtra authorities Division of Registrations and Stamps (IGR).

The state division had collected a income of 692 crore in January 2023.

“The current improve will be attributed to rising revenue ranges and a beneficial notion in the direction of homeownership. Concurrently, the town additionally recorded the most effective January tally when it comes to income collections in 12 years, primarily propelled by larger stamp responsibility charges, burgeoning property costs, and an elevated share of premium properties,” Knight Frank India, an actual property consultancy in its report.

Right here’s your complete 3-minute abstract of all of the issues Finance Minister Nirmala Sitharaman mentioned in her Finances speech: Click to download!

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Revealed: 03 Feb 2024, 10:49 PM IST

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