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Are the real estate prices in Mumbai overpriced?
Q: Is there a chance that the prices will come down in the near future?

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Latest Answer: Right Kishore, If DCR 2034 applied then a builder will have to pay more to the BMC than the tenants of a building. As a result, the excess FSI that a builder would get would be used to cover the increase in cost due to this price increase. Base FSI will be 1.5, if allowable FSI is 8, most of the other 6.5 FSI has to be bought from the BMC at the new premium rate. As a result builder will get no advantage and if they would not get any advantages then no way he can pass on any benefit to the buyer.
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Property rates in Mumbai expected to correct by 20%
Q: It is expected that huge listing and rising demand from home buyers may result in falls in property prices by nearly 20% in the Mumbai metropolitan region over the next few months.

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Latest Answer: Mumbai property prices are irrationally kept high by the builders with support of politician and bank bureaucrats. Their contract should be broken. The builders should be forced to clear of their inventories by reducing rate by 25% and pay off their bank loan. This will have a advantageously effect in the economy.
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Project Review Ashwa Platinum
Q: What are the flats available in Ashwa Platinum?? Is the construction work in progress in this project??

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Latest Answer: construction stopped from last 3 years
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Downfall in Mumbai property rates
Q: What is the reason for the downfall in the property rates in Mumbai?

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Latest Answer: According to JLL, the real estate market of Mumbai will witness a price check of 25% in the next few quarters and the prices will remain stagnant for the next two years.
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