Mumbai property rates down by 20 per cent
Mumbai property rates are hitting sky and no wonder the demand for them have dropped down negatively.
The property deal registrations in the city has become a night mare to the property buyers.
According to the recent realty data, Mumbai realty deals have dropped up by 20 percent dashing in huge loss to the city developers and builders.
Never before in the realty history the realty deals dropped this less. To clear all the un-used or un-sold properties the city builders and developers have started tunning 5 to 6 percent discounts.
However, a bad feedback for the developers is that, the property buyers are still in a state of dilemma towards investing with the existence of sharp realty correction.
Source: The Economic Times
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