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Real Estate Forum on Homes In Mumbai

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Q: What are the factors that have been driving Mumbai's real estate prices so high over the years?
Latest Answer: Yes, in Mumbai, the real estate prices are growing day by day and people are in search of luxurious flats with all the modern amenities. As inflation has reached a great hike, residential property rates will also increase.
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Q: Hi, Mumbaikars should now get ready for more expensive homes after Maharashtra Chief Minister issued a notice, expanding both the premium amount and the floor space index (FSI) in Mumbai's rural areas.
Latest Answer: It is absolutely true and the reason that Mumbai's suburbs have an inflated inventory of 40000 unsold apartments. The residential market had begun to show some signs of reducing, as developers had started to marginally reduce rates to offload this inventory. However, after this announcement, developers are likely to roll back their decreased rates leading to further drawback in home sales.
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Q: Do you know that Prime Residential Property in Mumbai is the 10th costliest in the world. The current rate of residential property is Rs 61300 a sq-ft.
Latest Answer: @mathur, In London's St John Street, Clerkwell, a 700 sq-ft apartment could cost $1.3 million. A 1500 sq-ft apartment in West Street, Manhattan, could be had for $2.7 million while a 700 sq-ft flat in Hong Kong's Sai Ying Pun neighborhood could fetch $1.9 million.
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