Mumbai Property Prices will Rise in Coming Months
The market is expecting a price correction for the larger township projects in Mumbai, as large inventory involvement in those projects may exert a downward pressure on prices.
However, in a recent report by a real estate consulting firm, it is reported that the cost of residential property in Mumbai will start rising in coming times.
The report also says that the cost of properties in Mumbai have increased by 3.2 percent in the last three months. The statistics also shows the increase in adsorption rate rate of residential properties.
The builders are keeping the property price intact, though in some instances they have given the discounts to the customers in across-the-table negotiation.
More related stories:
Unsold flats need three years to get home buyers in Mumbai
Homebuyers expecting reduction of apartment prices
Source: Financial Express
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