Real estate prices are unlikely to fall in Mumbai
The escalated price of properties in Mumbai has been much speculated upon and as noticed by the analysts, real estate prices in Mumbai are unlikely to fall due to limited supply.
According to the chairman of Oberoi Realty, a major realty player, the present scenario is due to the fact that input costs and raw material prices are going up and supply is constrained due to dearth of approvals.
According to the market speculations, unless supply increases, the real estate prices in the city are unlikely to fall in coming months.
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Source: Economic Times
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