Lease registrations
The booking of properties in Mumbai has witnessed a rise of 26 percent in January this year. As per reports, sales registration of properties have gone up. However, if month by month analysis has to be done, then the growth was merely 10 percent higher than the previous month, December. In that particular month, a [...] Continue Reading »
Research firm, Prabhudas Lilladher, has come out with its report on Mumbai real estate. According to the report, sales continue to witness slowdown in Mumbai and dip in commercial real estate has led to sharp decline in lease registrations. Sales registrations slipped below the 5000 mark for second consecutive month highlighting slackness prior to the [...] Continue Reading »
Mumbai has 104 million sq ft of unsold real estate. The slowdown in real estate sales in Mumbai may have intensified due to higher interest rates, which could pressure developers to bring down prices. This may not be a worrisome trend as sales are low during monsoon. Pressure will start building up only when the [...] Continue Reading »
