REDUMMY

It seems prices has started falling in Mumbai, many builders have started quoting less than what is being advertised, also many flats owners have reduced their prices to sell their flats as soon as possible before the price drops more, any first hand input welcome...

jadhav_ravi

without any first hand input, how did you come to the conclusion??

Srinidhi

Good Question

Sharpj

Nope not correct.. It is far too early for the builders lobby to crack and there is no big repayment schedule.. It will be more clear only post the festival season and that too if demand does not pick up...

spdutt72

prices quotes no doubt are ridiculous , but no drop in quoted prices.
Any inputs on which projects are quoting lower than earlier

jadhav_ravi

it is only wishful thinking. No basis.

tubaibabu

This is the time to act by the realty user community. Take the following steps to accelerate the fall of realty price to reasonable level.

• Refrain from buying.
• Spread the news of impending big fall in realty price at every forum.

This will save lot many people from bankruptcy.

jadhav_ravi

Before advising others make sure you know your basics. Maybe listening to your advice, many people who would have been able to get on the housing ladder would be left out forever.

garudadri

I think the forum here is to discuss as far as possible prices etc on the basis of concrete data like rates/ft2, availability, first-hand or reliable info etc. This is what is required so as to enable people decide on options.
Please could posters back up their statements with data rather than just give vent to their emotions/ views?

jadhav_ravi

Message for you REDUMMY!!
If anyone has firrst hand experience of prices dropping (which will obviously be good news in this exaggerated market), please post the details.