The Mumbai City Also known as the financial capital of the country. Mumbai is the most populous city in India. Housing the Indian stock market (BSE and NSE), Reserve Bank of India (RBI) and various corporate offices, the city is a hub of commercial activities.
Property prices in the city have been on an uptrend. In spite of an overall slowdown in property market owing to high interest rate and double digit inflation inflation, the city has experienced about 15% jump in property prices over the past 8 to 9 months period.
Andheri to Dahisar belt is the property hotspot and sees maximum concentration among property seekers. Top 5 localities in Mumbai on the basis of maximum real estate action are Mira Road, Kandivali (East), Andheri (East), Kharghar and Goregaon (East). Mumbai region is witnessing problems such as piling up of huge inventory, regulatory hurdles and delay in approvals. Mumbai has witnessed a sharp decline in quarterly launches. Overall, property prices in the Mumbai real estate markets are likely to be under pressure in the near term.
Source : Liases Foras. Founded in the year 1999, Liases Foras, a non-brokerage firm, has been a focused researcher in the field of real estate.
Liases Foras,
9, Amrit Kutir, S.N.Marg,
Andheri(E), Mumbai-400 069.
phone : 91-22-26841555, 91-22-26841222, 91-22-26841248
E-Mail : contact@liasesforas.com
Property prices in the city have been on an uptrend. In spite of an overall slowdown in property market owing to high interest rate and double digit inflation inflation, the city has experienced about 15% jump in property prices over the past 8 to 9 months period.
Andheri to Dahisar belt is the property hotspot and sees maximum concentration among property seekers. Top 5 localities in Mumbai on the basis of maximum real estate action are Mira Road, Kandivali (East), Andheri (East), Kharghar and Goregaon (East). Mumbai region is witnessing problems such as piling up of huge inventory, regulatory hurdles and delay in approvals. Mumbai has witnessed a sharp decline in quarterly launches. Overall, property prices in the Mumbai real estate markets are likely to be under pressure in the near term.
Source : Liases Foras. Founded in the year 1999, Liases Foras, a non-brokerage firm, has been a focused researcher in the field of real estate.
Liases Foras,
9, Amrit Kutir, S.N.Marg,
Andheri(E), Mumbai-400 069.
phone : 91-22-26841555, 91-22-26841222, 91-22-26841248
E-Mail : contact@liasesforas.com
