The real estate/property prices of the commercial capital of India, Mumbai are undergoing a stable increasing trend. The reasons which have impacted the steady upward trend are still the same, starting from the stock market rally to the good investment results, to the stable government and to an overall optimistic and constructive economic scenario.
Like most of the developed countries most of the builders of Mumbai today are giving a lot of quality and value added state of the art services like swimming pools, health clubs and gardens in their projects. The only negative factor today is that there is short stock available with well famed and established property builders in Mumbai. There are few suburban areas where maximum sales are recorded in the past couple of months. Chembur, Wadala, Mulund, Goregaon East, Kandivali East, Powai, Vashi and Thane are some of them. In general the markets in Mumbai look pretty firm; the builders who have under construction projects in good locations with good demand are still mounting their prices as the ratio of demand and supply is always out of balance in Mumbai because of the continuous influx of masses from all over India. Property prices in other cities of India are significantly cheaper than Mumbai because of the lack of balance in the demand and supply of real estate.
Monday, October 20, 2008
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