Unsold flats need three years to get home buyers in Mumbai
The number of unsold flats in Mumbai are increasing day by day. With the increase in the cost of apartments, the rate of sale in reducing.
Still the builders are not showing any interest in reducing the cost of the properties. They are hoping for a better price appreciation in future time.
It is estimated that the total unsold value of the apartments stock in and around Mumbai is approximately Rs 8535 crore.
At least 40 months required to sell all these unsold apartments. And in the meantime more properties will be launched.
According to analyst the situation is helpful to anyone other than investors.
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Omkar realtors focusing on redevelopment projects in Mumbai
Source : DNA India
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[...] Unsold flats need three years to get home buyers in Mumbai [...]
[...] Unsold flats need three years to get home buyers in Mumbai [...]
[...] Unsold flats need three years to get home buyers in Mumbai [...]
[...] Unsold flats need three years to get home buyers in Mumbai [...]
[...] Unsold flats need three years to get home buyers in Mumbai [...]