Could Mumbai’s Real Estate Sector Witness Pricing Pressure?
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The demand for residential real estate in Mumbai has skyrocketed over the last two years and prices have been on a slow uptrend. The activity in the sector picked up quickly after the stamp duty had been cut significantly, builders began offering discounts, and loans could be availed at low rates of interest. With demand and the cost of constructions materials increasing, builders are now calling for a significant hike in prices. But, some industry experts have highlighted several possible issues with hiking real estate prices in Mumbai.
Could Mumbai’s Real Estate Sector Witness Pricing Pressure?
Could Mumbai’s Real Estate Sector Witness…
Could Mumbai’s Real Estate Sector Witness Pricing Pressure?
The demand for residential real estate in Mumbai has skyrocketed over the last two years and prices have been on a slow uptrend. The activity in the sector picked up quickly after the stamp duty had been cut significantly, builders began offering discounts, and loans could be availed at low rates of interest. With demand and the cost of constructions materials increasing, builders are now calling for a significant hike in prices. But, some industry experts have highlighted several possible issues with hiking real estate prices in Mumbai.