Is price correction inevitable in Mumbai?
Mumbai real estate is debating over a possible price correction as sale registrations for September recorded a 29-month low at 4,137, down 22 per cent year-on-year.
Mumbai real estate is debating over a possible price correction as sale registrations for September recorded a 29-month low at 4,137, down 22 per cent year-on-year.
If the current economic conditions have proved nothing else, they certainly prove that investment in Indian residential real estate is impossible to write off, ignore or find an alternative to.
The Malaysia’s Selangor State Development Corporation (PKNS) has forayed into India’s real estate sector and is close to concluding a deal with a leading developer to build affordable houses in Mumbai.
Lodha Group on Tuesday, September 11, announced over Rs.10,000 crore investment in a new project in the island city.
Housing Development Finance Corp, India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people close to the development.
Ackruti City has launched Ackruti Hillcrest, a residential project with the offer of an initial discount to buyers during the launch period.
Mumbai continues to be the costliest property market in India but the sales graph show this price rise has started taking its toll on the sales figure.
Tata Housing has announced the launch of Amantra, an exclusive luxury residential township with 14, 24, 29 and 34 storey towers.
Diversified conglomerate Larsen and Toubro (L&T) is set to build India’s first residential high-rise building on a pre-cast basis, a move that may introduce a structural change in the real estate market.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, leaving behind gold and other traditional investment options.