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Q: Festive season discounts & offers during Dussehra and Diwali and improved affordability have helped sales in the affordable segment.
Latest Answer: Hi Rituraj, But market observers say that it is not necessarily a sign of a turnaround. Because a few good project launches cannot be seen as a broad-based improvement in the market. Although the resale market continues to wait for buyers, developers who launched projects with discount offers have been able to attract buyers.
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Q: Why the Mumbai residential market witnessed a decline in supply addition and sales activity in the first half of the year?
Latest Answer: During this period some of the famous project launches included the first phase of Runwal Bliss at Kanjurmarg (East) by Runwal Developers and One Spirit which is a part of the One Mumbai development at Mulund (W) by Nirmal Lifestyle. At Thane, projects launched include Dosti Codename Landmark by Dosti Group and Suraksha Realty at Balkum and Suraksha Realty at Ghodbunder Road.
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Latest Answer: In spite of that sales volume remaining at an all-time low and inventory levels up, property prices in all the 6 cities have moved up. While Mumbai saw the maximum rise of 10%, NCR observed the least with 3%. Increase in property prices is basically because of increasing inputs cost for developers. The current economic indicators look positive, though the real effect will only be felt by the second half of this year.
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