Mumbai property’s prices on a rise
Property prices in the Mumbai region has seen an escalation in prices when compared with per square feet prices (PSF) of first quarter of 2012 over same period last year.
The real estate market of Mumbai has always been an attractive destination for buyers because it provides high return on investments.
Despite the slowdown in transactions for the past 4-5 months prices continue to move-up. However, the growth in prices will moderate and increase in a 10-15% range for the year 2012.
Properties in Dadar and Juhu saw prices appreciate by 18% respectively in the first quarter to end-March over a year ago period.
Properties in Thane witnessed maximum price appreciation over the last one year.
Most of the property transaction happened in the first quarter of 2012 are done by investors. As they feel much higher return is waiting in the future time.
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Source: Money Life
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