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Buyers still wait more for better price correction in Mumbai

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Realty slump is now influencing the Mumbai builders to go down with the margin for better numbers of sale in the metro. According to the recent source available with the www.propertykhazana.com the areas like Dahisar, Vasai, Mira Road and Virar are slowly coming down to the affordability of mid income group as the realty companies decided to cut the rates by 12 percent to 14 percent. This announcement was made by many noted realty house participating at the realty exhibition in Kandivli.
Source of www.propertykhazana.com also reveals that though being the part of the busiest metro in India the areas beyond Dahisar was out of the reach of realty demand for a long time as compared to its counterpart Navi Mumbai which flew high on the rate zone. But despite the low infrastructure modules, water supply and shortage of water in these areas it noted a huge rise recently mainly at the locations of Virar and Vasai. “The property rate here raised to 26 percent to 31 percent with in very short time" adds an executive from Aangan Realty House.
A resident of Borivelli attending the realty expo has stated that the “economy has almost fell to an unexpected level and this should be taken into account before the realtors yell their prices”.
As per the sources of www.propertykhazana.com the realtors are now come down to completion to offer an alternative for each flat for their sites with various household goods and some are attracting the customers with a car for the home and also there is a reduction of Rs 200 per square feet for each flat from Chamunda Developers.
Source: NBTVLIVE

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