oppn parties Mumbai: Nano Homes, Mega Prices

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  • Former Pakistani cricketer Shoaib Akhtar proposes an Indo-Pak ODI series to raise funds for fighting coronavirus
  • Maharashtra government says many Tablighi Jamaat members who attended the Markaz and returned have gone into hiding
  • West Bengal government identifies hotspots in Kolkata and the rest of the state, inclined to extend the lockdown in those places only
  • Prime Minister Modi holds a video conference with floor leaders of opposition parties, hints at extending the lockdown
  • UP seals hotspots and makes masks mandatory
  • Masks made compulsory in Mumbai, violators will be arrested
  • ICMR says an infected person can infect 406 people in 30 days without social distancing and lockdown
  • Stock markets make a smart recovery. Sensex up by record 2476 points on global cues
  • Schools, colleges and shopping malls likely to remain closed for a further period of one month, says empowered group of ministers
  • PM Modi tells BJP workers that India is in for a long battle against the coronavirus and there is no scope to feel tired or defeated
  • PM Modi asks ministers to focus on exports and new areas and sectors
  • PM Modi asks ministers to prepare business continuity plan post the lifting of the lockdown
  • Corona cases in India cross 4000 and the death toll stands at 124
  • The government decides to double the testing of corona suspects from 10000 now to 20000 in the next three days
  • Flipkart assures employees that there will be no job or salary cuts due to the COVID-19 pandemic
COVID-19: 773 new cases and 32 deaths in the last 24 hours, reports the health ministry
oppn parties
Mumbai: Nano Homes, Mega Prices

By admin
First publised on 2018-04-25 19:34:39

About the Author

Sunil Garodia By our team of in-house writers.
People are talking about the nano – they can’t even be called tiny - flats being sold at mega prices in Mumbai suburbs (as reported by The Times of India). Starting from 189 sq. ft and going up to a ‘luxurious’ 320 sq. ft, these flats are being built in Malad, Kandivili and Chembur. They are being sold between Rs 53 lakhs to Rs 1 crore, depending on configuration. Mostly, they comprise a bedroom, a kitchenette, micro living area, toilet and storage space. In a city used to living in small spaces, or to those who have spent their lives in slums or tenements, these flats spell opulence. The price seems outrageous to non-Mumbaikars, but residents of the city are used to quotes of Rs 2 lakh per sq. ft in tony localities and hence Rs 28000 per sq. ft. for these flats is not much. But people in other cities, used to living in big flats, are amazed how people can pay such huge sums for such nano flats.

A person living in Assam, for instance, might have a whole room to himself and that would be more than 300 sq. ft, inclusive of attached toilet and dressing space. Granted that Assam is not Mumbai in terms of space or pricing. Still, that person will be left wondering how a whole family can manage in just 189 sq. ft.

In terms of visual appeal, the flats are not bad. In fact, judicious use of space and imaginative design and colour scheme means that these flats are very attractive to those who are upgrading from slums or tenements. One buyer is relieved that he will get 24X7 water in his flat – he says that will eliminate the hassle of going to the common tap in the slum. For him, that is the ultimate luxury.

Still, people are wondering how Mumbaikars can even think of paying a king’s ransom for such tiny living spaces. But the way things are progressing in other cities too, there will come a time when large living spaces will move out of the budget of the common man and he or she will have to make do with such tiny spaces at outrageous prices.

picture courtesy: The Times of India