Realty report: Mumbai, Pune, Delhi

Recently, a 1,650-sq ft, 3-BHK apartment located at Cuffe Parade in Mumbai, was transacted at a price of around Rs 8.40 crore which was inclusive of a covered car parking space. This is a secondary sale trans-action. The apartment located on the 9th floor of the building has an exclusive view of the Arabian Sea.

Cuffe Parade is an up market and most sought after residential and commercial locale in South Mumbai which houses many old residential buildings quoting rates in the range of Rs 34,000-85,000 per sq ft, depending on the location, floor, view from the apartment and age of the building . Prominent commercial projects located here are the IDBI Towers, World Trade Centre, Maker Arcade as well as the Vivanta by Taj-President .

PUNE

A garden-facing, 3-BHK apartment with a saleable area of 1,500 sq ft at the project Yuthika by Paranjpe Schemes was sold for a total amount of Rs 83 lakh. This comprises charges for registrationstamp duty, society formation, MSEB, as well as an exclusive parking space. The premium residential project at Baner consists of 2- and 3- bedroom apartments with good layouts, specifications and opulent amenities at an affordable price range.

The project is currently quoting Rs 4,300 per sq ft for non-garden-facing apartments and Rs 4,600 per sq ft for garden-facing ones. The project assures possession in the next 24-30 months from now. The area has seen good amount of development in the past few years and scores on approachability from the rest of the city, making it a good residential option.

DELHI

In one of the recent transactions in Defence Colony a 2,050 sq ft apartment located on the third floor of a three-storey building, was transacted for Rs 6.15 crore which is inclusive of a car-parking space. The owner of the house has exclusive terrace rights. This unit comes with luxury bath fittings, Italian marble flooring and imported kitchen fittings. Defence Colony, located in the southern part of the city, is one of the key residential zones.

The location commands a premium in terms of property prices as it is well connected with other parts of the city and has a mature F&B retail market. Defence Colony has witnessed an 36% appreciation in capital values over 2009 end.