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Prices of Houses in Mumbai may Fall

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Prices of Houses in Mumbai may Fall

Last updated: November 3 2013
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  • Prices of Houses in Mumbai may Fall

    headlines flashed over mumbai leading news paper. in real its more drop what news paper shows. can say almost 20 to 30 percentage drop seen in western suburbs particularly. real buyers should wait for little bit more to crack a good deal. behind the walls rates are comparatively very low to what brokers rate.

    please wait to save your hard earned money....
  • #2

    #2

    Re : Prices of Houses in Mumbai may Fall

    Which newspaper? Are you talking about mumbai mirror news?

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    • #3

      #3

      Re : Prices of Houses in Mumbai may Fall

      Originally posted by imran771 View Post
      headlines flashed over mumbai leading news paper. in real its more drop what news paper shows. can say almost 20 to 30 percentage drop seen in western suburbs particularly. real buyers should wait for little bit more to crack a good deal. behind the walls rates are comparatively very low to what brokers rate.

      please wait to save your hard earned money....
      -----------

      In my opinion , even 50% drop makes no significant difference when a decent apartment of 3 BHK costs 2 crores in the suburbs. Do you agree ?

      The prices were inflated so much , that one has to pinch one self.

      In KALYAN for example, which is GOOD ONE HOUR from Dadar by a fast local , 2 BHK costs 40 lacs. .
      Last edited January 16 2013, 11:36 PM.

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      • #4

        #4

        Re : Prices of Houses in Mumbai may Fall

        Nariman Point office sells at 20% below market rate - The Times of India

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        • #5

          #5

          Re : Prices of Houses in Mumbai may Fall

          Originally posted by rohu01 View Post
          Which newspaper? Are you talking about mumbai mirror news?
          Builders blink, first price cuts are here, News - Cover Story - Mumbai Mirror

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          • #6

            #6

            Re : Prices of Houses in Mumbai may Fall

            Now stocks crash ... HDIL stock crashed 50% in 4 days ... decent size redevelopment player in Mumbai mkts, however worries of liquidity issue with the firm ... Mumbai realty mkt is crashing and how !!

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            • #7

              #7

              Re : Prices of Houses in Mumbai may Fall

              Originally posted by Grande View Post
              Now stocks crash ... HDIL stock crashed 50% in 4 days ... decent size redevelopment player in Mumbai mkts, however worries of liquidity issue with the firm ... Mumbai realty mkt is crashing and how !!

              Ab jaake aaya mere bechain dil ko karaar......

              When are the others following?

              Investors! better abandon these sinking real estate ships by selling your shares and flats at whatever price you get.
              Guys, hold on for just a few months......... Our dreams are almost here!!

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              • #8

                #8

                Re : Prices of Houses in Mumbai may Fall

                I am hopeful, 1Cr should be the price of a good 2BR in Bandra

                Probably was until 2-3 years ago.

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                • #9

                  #9

                  Re : Prices of Houses in Mumbai may Fall

                  Originally posted by new2RE View Post
                  I am hopeful, 1Cr should be the price of a good 2BR in Bandra

                  Probably was until 2-3 years ago.
                  So you are suggesting that prices will fall by around 75%?

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                  • #10

                    #10

                    Re : Prices of Houses in Mumbai may Fall

                    Sorry to break the happy mood but, there is no real fall in prices, HDIL shares recovered around 10 % as Morgan Stanley backed the company and come saturday (property supplements) all property developers are at at again, Lodha quoting the same old prices with the routine increase, even SRA project rates are 20% higher than they were one year ago, yes, as far as I know prices are higher by 15-20% from last year at least in Western suburbs, 1 BHKs in decent localities are starting from 75 lacs +, 85 lacs + in fancy societies

                    Nothing would make me happier than an RE crash, but its not here yet

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