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Home resale in Mumbai is not seeing price appreciation

The cost of new real estate projects in Mumbai are increasing sharply. But the cost of properties for resale have not increased since 2010.

According to a real estate research firm, the developers are artificially raising the cost of the new launched properties.

According to a report by the registration department in Mumbai, there has been 25% decline on an average in the registrations of properties in Mumbai.

Re sale of properties in Mumbai has witnessed worst capital appreciation in last couple of years.

The analysis of the research firm also reported that the actual price appreciation is dipping by 0.8 percent for resale of Mumbai properties.

More related stories:

Unsold flats need three years to get home buyers in Mumbai

Homebuyers expecting reduction of apartment prices

Source: Hindustan Times

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