Real Estate prices in Mumbai are set to decline further in overheated markets as transactions have fallen due to high-prices. Developers, who were so far holding on to their prices, have started offering discounts to woo buyers to mobilize fund inflows through sales as money flow from other channels have dried up. Residential property prices in Mumbai, the most expensive market in India, have already seen a correction of 20 per cent from the peak level and it is expected to decline further in the range of 15 to 25 per cent.
March 28th 2011, Indian Realty News
March 28th 2011, Indian Realty News
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