Mumbai residential real estate market
CBRE the global property consultant on Monday released a report which gave some insight about the activities in the real estate sector. According to its findings the residential real estate market across leading cities of the country is unlikely to see any traction before the upcoming festive season. It is expected that demand will improve during [...] Continue Reading »
In spite of developers struggling with their debts in Mumbai, rentals have been soaring. Increase in rents across the city over the past few years has contributed to a record rise. Rentals in Mumbai are now at par with the highest rental rates in the world. In Andheri (East), the rent for a 3BHK apartment [...] Continue Reading »
After a one-year period starting in the third quarter of 2009,the Mumbai residential real estate market has been seeing a slowdown. The key reasons behind this slowdown are higher prices, higher interest rates impacting affordability, lack of liquidity, scams diluting investor sentiment – and, to a lesser extent, excess supply in a few micro markets. [...] Continue Reading »
