Are the Property rates in Mumbai suburbs plunging?

Q: Are the property rates in Mumbai suburbs really plunging? Coz, I feel that the real estate activity is quite less in these areas. Also, which are the cities in India that are good for real estate investments?

adithya79,

29th September 2011

Investment Advice in Mumbai

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Suburbs such as Navi Mumbai are definitely going to be more attractive for investors. This is due to the various infrastructure developments such as the proposed Navi Mumbai international Airport, the Nhava-Sewri sea link, a large entertainment complex and sports complex. The value of properties in Navi Mumbai is bound to raise high contrary to your guess that the prices are going down.

Suresh Khanna, Mumbai

5th October 2011

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Industry watchers have been predicting a price correction and a source shows decline in sale of properties in Mumbai. But despite this, the prices have not yet corrected. If you are investing in other places of India, then Bangalore and Chennai are good markets to invest in.

Sanjana Jain, Mumbai

5th October 2011

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