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Investors turning to suburbs as Mumbai real estate hits slowdown

Comments(2) Sub Category:Mumbai,Realty News Posted On: Aug 22, 2012

While exorbitant property price continues to slowdown Mumbai‘s real estate market, the suburbs are providing investment opportunities for buyers.

Skyrocketing real estate prices and global economic conditions have badly hit Mumbai’s real estate sector and sales have fallen by nearly 70 per cent. Sales of top 5 real estate players in Mumbai have seen a significant drop.

The middle income home buyers are turning towards outskirts of Mumbai like Panvel, Karjat and Boisar.

TATA Housing and HDIL had sold out their first phases of projects in Boisar and Palghar in record time even though their Mumbai properties are witnessing major drop in sales.

To read more real estate news:

Maharashtra Housing Bill receives governor’s consent

Tags:

Boisar, Drop in sales, exorbitant property price, HDIL, Karjat, Mumbai, Mumbai Builders, Mumbai property market, Mumbai real estate, Mumbai real estate players, Mumbai suburbs, Panvel, Real estate in India, real estate mumbai, Real estate players, Real Estate Sector, Real-estate market, Tata Housing

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2 Responses to “Investors turning to suburbs as Mumbai real estate hits slowdown”

» Commercial real estate growing in Navi Mumbai says:

August 23, 2012 at 11:56 am

[...] Investors turning to suburbs as Mumbai real estate hits slowdown [...]
» Lease registration going down in Mumbai: Prabhudas Lilladher says:

August 23, 2012 at 9:18 am

[...] Investors turning to suburbs as Mumbai real estate hits slowdown [...]

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Investors turning to suburbs as Mumbai real estate hits slowdown

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