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Fall in Navi Mumbai Real Estate Prices

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Fall in Navi Mumbai Real Estate Prices

Last updated: April 3 2013
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  • Fall in Navi Mumbai Real Estate Prices

    As per Real Estate Webportals I have observed fall in Navi Mumbai Real Estate prices. I think price correction is in range of Rs.200 - Rs.300. Any one has the similar experience, pls. share.
  • #2

    #2

    Re : Fall in Navi Mumbai Real Estate Prices

    Do you mind sharing your source of information.
    a web link or something similar
    A fine is a tax for doing wrong and a tax is a fine for doing well.

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    • #3

      #3

      Re : Fall in Navi Mumbai Real Estate Prices

      This is my observation, while going through different websites and may be I am wrong.

      May pls. share your opinion.

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      • #4

        #4

        Re : Fall in Navi Mumbai Real Estate Prices

        I see it the other way round... with Taloja quoting 3300-3600 ++

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        • #5

          #5

          Re : Fall in Navi Mumbai Real Estate Prices

          I guess Taloja may be exception. Price are either constant or coming down but haven't seen going up any more.

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          • #6

            #6

            Re : Fall in Navi Mumbai Real Estate Prices

            Hyde Park was quoting flat rate of Rs.5,300/ - a week back. Now they are quoting Rs.5,300/- for Graden Facing and Rs.5,100/- for Road Facing. Simliar exp. with others.

            Now Builders have also started calling back the prospective buyers.

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            • #7

              #7

              Re : Fall in Navi Mumbai Real Estate Prices

              2-3 months back when the Airport was finalized; all the builders increased the prices by 1000Rs which was absurd. Now even if they decrease it by 200-300; it still means that they increased it by 500-700 on average.

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              • #8

                #8

                Re : Fall in Navi Mumbai Real Estate Prices

                Originally posted by meetapk View Post
                2-3 months back when the Airport was finalized; all the builders increased the prices by 1000Rs which was absurd. Now even if they decrease it by 200-300; it still means that they increased it by 500-700 on average.
                Thats absolutely right. Best example is Indiabulls Greens Panvel project wherein the psf rate went from 3100 to 3400 to 4000 and finally to 4500 within a span of 2-3 months, surrounding the news of airport clearance. So even if they cut back by 10% following the correction in prices, it will roughly settle down at maybe Rs.4000psf which is still an appreciation of approx 80% from their project launch base rate of Rs.2200psf.
                Last edited January 21 2011, 09:48 AM.

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                • #9

                  #9

                  Re : Fall in Navi Mumbai Real Estate Prices

                  Any one has any update on price correction.

                  Pls. revert.

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                  • #10

                    #10

                    Re : Fall in Navi Mumbai Real Estate Prices

                    Originally posted by bhushank4 View Post
                    Thats absolutely right. Best example is Indiabulls Greens Panvel project wherein the psf rate went from 3100 to 3400 to 4000 and finally to 4500 within a span of 2-3 months, surrounding the news of airport clearance. So even if they cut back by 10% following the correction in prices, it will roughly settle down at maybe Rs.4000psf which is still an appreciation of approx 80% from their project launch base rate of Rs.2200psf.
                    Dear B,
                    U r always absolutely right .
                    My views on this;
                    RE market moves with ECONOMY around us. Economy checked & balanced by developed nations,and imparted on us,may be its Oil economy, essential commodities etc etc.


                    Today ISE INDEX: 18347.We have now reached 18000/5416 levels which is much more than I expected (thats the great thing about the market, it always surprises everyone!)

                    As I had mentioned, in an upward phase markets behave as though they are climbing the stairs. On the way down they seem to be jumping put of the window, giving people little chance to lock in their profits.

                    As comparison RE market is also like this.
                    We always expect Rates to go high,and feel happy,but when they are going high,but in current scenario, even if there is depreciation of 10-15 % does not matter for investment like this in IB or in HPG.This shall cover up in no time.......This is the beauty of Re market...
                    Cheers
                    savvy_v

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