Real estate in Mumbai witnesses slowdown
Mumbai has fallen in the mortgage market rankings as record real estate prices keep customers away, say realty and home finance executives.
Pune and New Delhi have overtaken India’s financial capital with steady demand, while Mumbai has fallen to third or fourth position for housing finance.
Mumbai used to be number one in the real estate market, but not many new projects are coming up and not much selling is happening in the market, said V Srinivas Rangan, executive director HDFC.
The National Capital Region(NCR) has witnessed good volumes while Mumbai real estate is seeing a slowdown due to lack of infrastructure and economic slowdown. Apart from unaffordable prices, the lack of new launches is a key reason for falling sales in Mumbai.
Delhi, Delhi Real Estate, Indian real estate, mortgage market, Mumbai real estate, Pune, real estate in Delhi, Real estate in India, Real estate in Mumbai, Real Estate India, Real estate prices, Realty News
[...] Real estate in Mumbai witnesses slowdown [...]
[...] absorption trends. There was a positive light on Delhi and the surrounding National Capital Region real estate market and expecting new developments to come [...]
[...] Real estate in Mumbai witnesses slowdown [...]
[...] Real estate in Mumbai witnesses slowdown [...]