Mumbai: South Mumbai is facing a major competition of skyscrapers. These buildings are most in demand in Mumbai as they offer an excellent view of the Golf Course and the famous Queen’s Necklace on the Marine Drive. Therefore the buildings were also sold for unprecedented prices. But all of these are becoming stories of the past as newer apartments are fast blocking the view of older apartments and as the view was the unique selling point of these buildings, deprived of it, prices are falling fast.Recently values of most old south Mumbai buildings have fallen by 30%. Kamal Mahal on Carmichael Road has been a home to many big and famous names. But as the view of the city’s skyline over Tardeo has been blocked by the recent high rise Imperial Towers, residents are starting to leave Kamal Mahal. Even recent buildings are losing out to each other. Relatively new 48-storey towers Lodha Bellissimo in Mahalaxmi will have its view blocked by the upcoming 82-storey Minerva tower of the Lokhandwala Infrastructure.Sanjay Dutt, executive managing director South Asia, Cushman & Wakefield explains that prices of residential apartments are ascertained by their location. Amenities, facilities, quality and specifications also help in determining the prices. But when it comes to south Mumbai, the view is the most important factor in ascertaining the price of an apartment building and with it being gone, prices are spiraling downwards faster than ever. Rates in the building which were as high as Rs 1 lakh per sq ft are down to Rs 70,000 per sq ft and still there are no takers.Buyers in the B and C wing of the Lodha Bellissimo had been majorly disappointed when they have paid a higher price to acquire the flats only to find out 6 months later that the price they paid for the view will be completely wasted as the view will be blocked by 82-storey towers of the Lokhandwala Infrastructure.займ на карту без отказов круглосуточновзять кредит онлайн