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Property rates in Mumbai

Rates by:

1. Values indicated above are quoted base rental values for retail space across locations.
2. Values are excluding taxes, maintenance, car park charges, floor rise and other charges that may be applicable.
3. The values may vary depending on the location
Note
Mumbai Rental Rates Rate/Sq ft (INR)
(min / max)
Updated on
Andheri 200 - 300 Jul 2011
Haji Ali 350 - 900 Jul 2011
Kemps Corner 350 - 900 Jul 2011
Lower Parel 200 - 350 Jul 2011
Malad 150 - 300 Jul 2011
Nariman Point 250 - 350 Jul 2011
Thane 200 - 400 Jul 2011
Vashi 350 - 500 Jul 2011

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Property Terms

Agreement for lease/sale

A contract to enter into a lease (or sale), which in order to be enforceable either must be evidenced in writing and signed by the person against whom action is taken for the breach of the alleged contract and there must be a sufficient act of part performance.

Assignment

The transfer of a property interest, especially a lease, from one party to another.

Abatement notice

A notice served on the owner(s) or occupier(s) of a property from which a private nuisance arises, warning them of the intention to enter on the land in order to abate the nuisance.

Atrium

An entrance hall of a building, often rising through a number of storeys and containing lifts, reception areas and plants. Originally the hall or chief apartment of a Roman house.

Absolute title

The right of ownership of a mortgage deed, which gives the right, in certain specified circumstances, to demand repayment in full, of the outstanding debt than the due date. Or a clause in a deed or contract, which provides for the early termination of an exciting interest in land, in certain specified circumstances, thereby advancing the future interest.

Alternative user value

The value of land and buildings which reflects a prospective use which is different from that of the current use.

Anchor tenant

One or more department or variety chainstores, or supermarkets, introduced into a shopping centre in key positions to attract the shopping public into the centre for the purpose of encouraging other retailers to lease shops en route. The larger the developments the more anchors required.

Asset valuation

In the property market this expression is applied to the valuation of land and buildings or plant and machinery. The term is often used to describe an expert opinion of the worth of a property which may be incorporated into company accounts, where the ownership of the asset is not necessarily to be transferred but the valuation is required for the company takeovers, share flotation or mortgages.

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