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No Sign of Reduction in Mumbai Property Price

The developers associations in Mumbai are not expecting any price cut for the properties in Mumbai. Due to the slow approval process, high input cost and the higher lending rate of funds, it is not possible for the developers to reduce the cost of properties in Mumbai.

The association of builders (CREDAI and MHCI) are asking the Municipality to implement the 60 days approval system of GMMC to all urban local bodies of Mumbai Metropolitan Region (MMR).

Though according to analysts the demand for high end Luxurious Apartments are still there in the market and the supply for the same is still low.

More related stories:

Average flat in Mumbai costs Rs 2.60 crore

Builders eye on Mumbai Metropolitan Region areas

Source: Moneycontrol

9 Responses to “No Sign of Reduction in Mumbai Property Price”

  1. Litecoin says:

    Never thought of things this way, interesting

  2. [...] No Sign of Reduction in Mumbai Property Price [...]

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