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Real Estate Forum on Home Prices In Mumbai

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Q: The purchase of Lincoln House take place when home prices in Mumbai are starting to drop.
Latest Answer: The property rate trends in London, New York and Mumbai is that prices for prime properties in prime locations have never seen a drop. Even in the worst times of recession there is always a demand and always takers. They hope to improve the appearance of the front but they can not demolish it. They might build another floor, but that is all dependent on the permissions by the Maharashtra Government.
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Q: The reason is record high prices which mark demand amongst oversupply.
Latest Answer: Good morning friends!!!!! And if i am not wrong, it will take at least 40-45 months to find buyers for unsold inventories in Mumbai. The unsold inventory is between 8-12 months in an efficient market.
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