Property prices to fall in Mumbai!
Happy go news for the citizens and property buyers in Mumbai!
The amendments in Development Control Regulations (DCR) followed up by huge number of residential and commercial property launches have commenced showing the signs of property rates fall!
Some of the real estate experts have predicted property rate fall by 10 and 30 per cent depending on the localities.
Due to elections large number of projects were stalled and now they are all likely to be completed paving way for maximum number of realty launches in the city!
The property buyers meanwhile, had paused the option of investing on properties due to rising interest rates, economic uncertainties and high property rates.
However, the launch of DCR is sure bring in tremendous corrections in property prices which is likely to go down!
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Source: Business Today
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