Rate of flats in Mumbai is increasing.

Q: I shifted to Mumbai and after that I booked a flat but due to some reason the builders cancelled my booking and now again I am searching for a flat but I do not think I can afford buying a flat in my preferable place now as the rates are so damn high. Please advice.

Ramesk Polekar, Mumbai

7th November 2011

Builder Review in Mumbai

rate of flats

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Hi Ramesk, I totally agree with you as I am also searching for an apartment. Recently I went to do a survey for an apartment the builder first quoted me 14,500 for 3bhk. After 2 weeks when I went to book it the price raised to 15,000 psqf after i discussed with my family I went to the builder for the final settlement that time the price raised to 16,000 psqf. No one seems to pay any heed in the frequent increase in the prices.