Share
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string(953) "Guys,
I have been a silent observer of many threads from past one year and observing the prices in the western suburbs in Mumbai especially from Borivali to Andheri. From what I have seen so far instead of prices going down, its still maintaining the upward trend while some premium builders have increased the prices to an obnoxious level despite of low demand (increased the rate >25% in last one year) .
Now I am wondering if we will ever witness a dip in the Mumbai real estate prices. It can only happen if the real estate business is regularized in India in combination with firm control on black money.
Please share your experiences/views/ or realistic expectation regarding the prices in the near term (next 1 or 2 years). I am still looking to buy a home in the western suburb for self use with a budget of ~ 2cr for 2-3 BHK (availability around 2014-15). Please suggest some projects within the specified budget.
Thanks.
Sanjay"
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I have been a silent observer of many threads from past one year and observing the prices in the western suburbs in Mumbai especially from Borivali to Andheri. From what I have seen so far instead of prices going down, its still maintaining the upward trend while some premium builders have increased the prices to an obnoxious level despite of low demand (increased the rate >25% in last one year) .
Now I am wondering if we will ever witness a dip in the Mumbai real estate prices. It can only happen if the real estate business is regularized in India in combination with firm control on black money.
Please share your experiences/views/ or realistic expectation regarding the prices in the near term (next 1 or 2 years). I am still looking to buy a home in the western suburb for self use with a budget of ~ 2cr for 2-3 BHK (availability around 2014-15). Please suggest some projects within the specified budget.
Thanks.
Sanjay
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