Sales of apartments in Mumbai down!
The sale outflow of apartments in Mumbai real estate has slowed down. It is observed that the residential apartment sales in Mumbai has dropped by 28 percent during last 1 hour.
Right now Mumbai realty market has plenty of unsold apartments in and around the city. However, in the experts view all the apartments will be sold within a year.
According to realty analysts the delay in sales is an out come of the global crisis, large interest rate and stringent policies. Also the delay in project execution is another major reason for low interest in home buyers.
Apart from all the concerns the entire real estate market is waiting for the budget decision. The market is expecting to rise again after the budget announcement.
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Source : Express India
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