Recent survey say that sales in Mumbai suburb dips but realty gets a boom in MMR

Q: It seems that property market is under boom in MMR but property prices are falling in Mumbai suburbs.

Abhishke Karule, Mumbai

19th February 2014

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Replies (3)

Hi Vinay,
Besides Mumbai, other major cities like Bengaluru and Pune, Chennai, Hyderabad too bounced into positive figures resulting in overall growth of 22%.

Kishore Pathak, Mumbai

19th February 2014

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Hi,
Just to attract the buyers the developers are offering discounts, price negotiations, and waiving off stamp duty and registration charges. Also came to know that they are providing free club house membership charges and in fact some builders are giving car parking free of cost to the buyers.

Vinay Dixit, Mumbai

19th February 2014

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Hi Abhishek,
Hey did you come to know that sale of apartments in MMR region consisting of Mumbai, Navi Mumbai, Thane, Kalyan and Dombivili has increased by 30% as per a recent survey conducted by real estate research firm. But the bad news is that the prices of the apartments in Greater Mumbai has declined by 6% stating that the real estate situation is Mumbai continue to be in bad shape.

Shrikant Kejriwal, Mumbai

19th February 2014

Comment

Yes Shri. Even I came to know about the fact. It seems that in Greater Mumbai during the quarter ending for Dec 2013, only 900 units were sold against 2000 units for previous year. The main reason being high prices of flats in Mumbai city forcing the home buyers to look for properties in far flung localities like Vasai, Bhyander, Titwala.

Arup rajan, Mumbai

19th February 2014