Property price to slow down in Mumbai
The housing prices in Mumbai city is expected to slow down by 15 per cent in the coming days.
The change in development control rules (DCR) and also due to inventory with developers the price drop has been predicted!
The new DCR had asked the developers to pay premium for additional development rights! However, the changes in this will pave way for number of project launches in the city.
The equity brokerage Prabhudas Lilladher’s recent report said that the property price reduction in Mumbai can trigger real estate stock of new supplies. However the property price fall is a long time dream for the citizens of Mumbai!
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Source: Business Standard
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