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Global financial dilemma freezes Mumbai realty

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Some of the realty professionals said at the www.propertykhazana.com that, “Expectations on improvement of the Mumbai’s property investment market were chill out and World Financial crisis has stalled it.” Rents in the Indian city are dropped around 11% across the panel. Developers facing the point of cutting their rates for new residences, as the local market carried on to tail off. Mumbai has a big cater of expensive flats and other residences compared to other Indian cities, provoking fears might have a saturate of lavish homes.
Some developers started official rate cut plan, but many have started discussing with some purchasers over smaller rates. But, Mumbai by now has witnessed auctions of commercial land as developers gaze to go away from that totally rather than renting them. For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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