Most of the parts of the country are experiencing a down fall in the real state , in terms of prices and number of transactions happening. Main cities of india where the prices mostly keep going up and demand is always high like Delhi , Gurgaon and other places of NCR, Mumbai , Bangalore , Ahmedabad Chennai etc.
Most of the reputed builders are struggling to sell their inventory which has been sitting with them for some time , as there is either no movement or slow movement of their inventory. In terms of sales the number have really come done by about 50% or more, barring some of the selective builders and projects.
Mumbai the finical capital of India has also seen the downturn but it is not more than 25% , which is about 50% less than the rest of the country. Mumbai builders are still able to sell their inventories, Developers like Lodha Builders have done some very very successful pre launches in the recent times and have been successful. Some of the other builders like Omkar , Nirmal Lifestyle , Arihant developers, L & T , Tata Housing and Hiranandani are some of the other builders and developers who are still clocking sales and are able to sell their apartments, this is unique for Mumbai market.
Mumbai market has shown resilience against the falling market and sales , apartments starting from 19 lacs in the outer mu,bay area to 19 crores and more in south Mumbai are being sold and booked by the customers. Although the prices are not rising too much and the builders are ready to negotiate the prices , sales are still happening.
For investors, end users Mumbai real state market is still a good place to invest in a property. In any case because of the job opportunities being offered by this great city , the demand for the housing is ever increasing. Now you can see a lot of development happening in the naive mumbai and beyond, lets say Thane and beyond !.
We still recommend the home buyers and investors to invest with Mumbai builders, you can contact settlers india for best advise on your property buying.
MBL + 91 9811022205 , email : firstname.lastname@example.org www.settlersindia.com/builders/builders-in-mumbai-84.html