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Q: I am sure that people of Mumbai will love this fall. And it is happening. The average cost of a flat in Mumbai is getting down.
Latest Answer: I agree with the Ujwal's point of view.......to increase sales, developers have no choice than to cut property rates. We have seen that in most of the under construction projects, builders are keeping low prices. Year-to-year, prices have come down almost by 0.95% and 3.23% in MMR region and Mumbai, respectively. The quarter-to-quarter fall is 0.99% in MMR and 1.51% in Mumbai.
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Q: As per the state's stamp duty and property registration data, there is a continual decline in property registration.
Latest Answer: Developers are expecting that government should bring in clear policies and also reduce their rising taxes.
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Q: Slow realty market throwing up attractive offers for homebuyers in Mumbai and Delhi/NCR.
Latest Answer: Hi everybody, A lot of small developers advertise low-cost properties in small towns and suburbs. Don't trust them blindly. Until there are entry barriers and tough rules for developers, it's your responsibility to verify the builder's credentials.
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Q: The Residex of National Housing Bank, which follow residential property prices across 26 cities, disclose that property prices have not appreciated as much over the past 7 years.
Latest Answer: As per National Housing Board's RESIDEX, price in Mumbais central suburbs has appreciated by 13.59% from November 2007 to September 2014.
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Q: According to the latest report, property prices in the Mumbai Metropolitan Region dropped by the maximum among leading metros during the quarter ended March 31, 2015.
Latest Answer: The reason being that the builders, who have purchased land is unable to afford to sit on it any longer and were forced to to launch projects.
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Q: Can anyone tell me what are the reason for breaking of the Mumbai's Shanghai Dreams?
Latest Answer: As per the date, private-equity property funds disclosed 64 investments last year in India, of which 54 had a value of $2 billion. The number of transactions was 14% higher than the 56 investments with 52 disclosed deals valued at $1.86 billion in 2013. Don't forget that some policy change or other every year and each has a big impact on the pace of development.
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Q: Why the number of unsold flats is on the rise, in spite of banks reducing home loan rates, though slightly?
Latest Answer: We need to have price correction, which nobody is taking into account. New launches are still happening, but sales are declining, this is why, the inventories are rising year over year.
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