Mumbai property sales increases in Q1 of 2012
According to a recent report from Prabhudas Lilladher, property sales registrations in Mumbai in the first quarter of the current fiscal were up six per cent on a sequential basis.
The report stated that March-May period saw registrations crossing the 5,000-mark. NRI-led demand due to significant weakening of the rupee may have played its part behind this sales escalation.
However, the challenges to sales continue to remain high and it would be interesting to notice how the sales registration stays amid high property prices.
To read more real estate news:
MCG comes up with development plan
Source: Business Line
High property prices, Mumbai, Prabhudas Lilladher, Properties, Property sales, Real Estate Sector, Realty News, Rupee depreciation, sales escalation
[...] Mumbai property sales increases in Q1 of 2012 [...]