Which city are you from? Please select city here.

Rs , sq ft

Removed from Shortlist

My Shortlist ()
View All Shortlist
Keep track of your shortlisted properties here. Shortlist a property to get started.

Home > Forum > Mumbai > Real estate News > No buyers for Mumbai luxury apartments

No buyers for Mumbai luxury apartments

Q: Around 6000 luxury apartments costing more than Rs. 5 cr waiting for buyers.

mumbai property markets
mumbai luxury apartments
luxury apartments in mumbai
unsold luxury apartments in mumbai
Reply

Also see discussions for
Mumbai Real estate News Real estate News in Mumbai
Replies (2)
1
That could be the one reason for inventory pile up. Many flats have been under-construction for a long time, because there are not getting enough buyers at the moment as everyone is playing a wait-and-watch game.
Niyati Juthali


Right Niyati,
Everybody can not afford those apartments. There is limited market for these apartments. Only if you have a net worth of Rs 30-50 crore you can buy them.
Dhiraj,  
9th December 2015


Actually, the reason is very clear. Consumers in this category want the very best in quality and are unwilling to compromise. When they see quality, they are happy to pay. As per some developers, there is hardly any ready-to-move apartment available and this is the case with all developers. So where is the question over supply?
Vineet Tendulkar,  Mumbai
9th December 2015


2
Yes, the Mumbai property markets has failed to benefit the luxury apartments priced above Rs. 5 crore. As per current datat, there are 6048 unsold luxury apartments in Mumbai, 3662 priced between Rs 5 crore and Rs 10 crore and 2386 above Rs 10 crore in Mumbai till September this year.
Niyati Juthali


There is no doubt in it. The number of unsold luxury flats costing Rs 10 crore and above could cross 5000 units. As a number of projects by Lodha, Oberoi, Omkar, HBS Realtors, and others are underway in the Lower Parel-Worli area in South Central Mumbai. Property developers often pre-sell apartments at the launch before construction actually starts.
Abhishek,  
9th December 2015


Hi Abhishek,
But as per Lodha Developers, the company has sold Rs 1200 crore worth of units priced above Rs 10 crore in the first 8 months of this financial year. They expects the trend to continue. The company is developing luxury projects such as World Towers and Trump Towers in South Central Mumbai.
Vineet Tendulkar,  Mumbai
9th December 2015


3

Ask a Question
120 Characters Left

    Related Forum Discussions
    Jual Obat Aborsi Lebak 082323607616 Harga Cytotec Gastrul Mifepristone COD
    01
    REPLY

    Jual Obat Penggugur Asli 087738575225 Cara Menggugurkan Kehamilan Secara Alami
    01
    REPLY

    Where is the Castle rock project located in Powai? and what is the price
    03
    REPLIES

    I recently read about 2bhk balcony homes by Hiranandani in Powai, any details?
    02
    REPLIES

    What kind of offices are available at Hiranandani business park Thane?
    02
    REPLIES











    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!

    Disclaimer : Commonfloor.com cannot be held responsible for the accuracy of data displayed on the site. Commonfloor.com does not claim any guarantee and it should be individualistically verified.


    About
  • Cancellation & Refund Policy
    • Privacy Policy Terms of Service
    Popular Pages
    Realestate in Bangalore Realestate in Noida Realestate in Gurgaon Realestate in Greater Noida Realestate in Ghaziabad Realestate in Faridabad Realestate in Delhi NCR
    Projects Bangalore Projects Mumbai Projects Pune Projects Chennai Projects Delhi Projects Hyderabad Projects Kolkata Projects Ahmedabad Projects Kochi Projects
    More.. Real Estate News Site Map Create a CommonFloor Projects in Gurgaon Projects in Greater Noida Projects in Ghaziabad Projects in Faridabad Projects in Delhi NCR Apartments for Sale in Noida Apartments for Sale in Gurgaon Apartments for Sale in Greater Noida Apartments for Sale in Ghaziabad Apartments for Sale in Faridabad Apartments for Sale in Delhi NCR


    Copyright © 2007-25 CommonFloor.com. All rights reserved.

    Visalatchi Enclave Phase II, Legacy Celino, Unitech Uniworld Resorts, Sobha Elite, The Gran Carmen, CVK Kailasagiri, Lodha Meridian, Century Breeze, AMI Le Reve, Vatika Premium Floors, Civitech Stadia, Anta River Valley, Parth Gardenia, SMR Vinay Fountainhead, Yuga Kalpataru, Paras Manyata Phase I, Pashmina Waterfront, Opera Fortune, Indi Gold, Unitech Vistas Phase II,