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Property prices in Mumbai

Q: Hi, what are the prevailing rates of properties in Mumbai?

property rates
mumbai real estate
properties in mumbai
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Replies (5)
1
Around 10 percent fall has been observed in prices of properties located in some South and Central Mumbai locations like Parel, Lower Parel and Mahalaxmi, over previous three quarters while prices in Navi Mumbai, Thane and the peripheral suburbs of central and western Mumbai have either been stable or have shown marginally upward trend.
Sandeep Mhatre


2
Neeraj, the rates of properties in Mumbai were steady last year and in the beginning of 2012 too as the demand was low and supply was also low. But things changed when the number of launches increased. And the developers were reluctant to cut down rates till recently, but have now started feeling the heat. It is observed that few developers have already started planning on rate cuts on their properties.
Nishant Bhat


3
Hey guys..as far as I know the rates are steady for properties in Mumbai. I dont think there will be any rate cuts. I know a couple of developers and they have never spoke anything like this.
Neeraj Rao


4
Kishore is right. Knight Frank report proves this. As per the report, number of unsold inventory of the real estate projects in Mumbai has increased by 11%to 83,000 at the end of December 2012, from 75,000 units in December 2011.
Deepankar Godbole


5
Hi Akshay, seems like prices are going to reduce slightly.. the market position is like this- sales are going down.. very less number of people are booking flats nowadays.. On the other hand unsold properties are increasing.. So at this situation it is quite obvious that builders will offer discounts and offers to increase their flat sales..
Kishore Pathak


6

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