Mumbai real estate to become 15-20% cheaper
Experts expect that the new supply in Mumbai realty market could lessen by 20-30% than the prevailing rates as the market has been ravaged with high prices.
Around 200 new projects are coming up in June – September and it is estimated that it will launch in cheaper rates.
According to a real estate analyst, sales volumes in Mumbai are down and when the festive season gets over, developers might cut 10-15% rate.
In order to attract buyers, developers are offering freebies during the festive season.
Whether there is a price correction or not , even 10% cheaper rate will make a difference in the market. Also experts says that its a good time to bargain and get good discounted flats from the builders.
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