Real estate in Mumbai suffers from high price low sale
The price of apartments in Mumbai are in the increasing side while the builders are not ready to reduce the price.
Though the number of unsold flats are high in Mumbai, builders and developers refuse to lower the cost of apartments in Mumbai.
The sales ratio did not improved as the buyers are not confident enough about timely completion of the projects.
The experts expects further deterioration in sales as high interest rate, increasing stamp duty and service tax will further increase the cost of the projects.
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Residential Realty Rates hit sky-high leaving Mumbai Properties vacant
Source : Economic Times
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