Property prices in Mumbai is increased
It is found that the cost of properties in Mumbai has been increased by 87% in last 4 years. According to the economic survey report, the price of the properties is increased in a range of 43% to 166% throughout India.
The report says that the cost of land in Mumbai is increased as the availability of land is very less.
The survey also reported that Chennai has experienced the maximum hike in property price. It is reported to increase 166% in last four years.
The survey also confirmed that the price hike in Mumbai is happened because of the expanding infrastructure in the city.
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Source : DNA India
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