Mumbai real estate price witnessed a slight fall in recent years. Knight Frank a well-known Market Research Firm reported that the property price has gone down in many Mumbai markets. Many realty firms suffered loss as sale has gone down by 70%.  Higher growth of interest and the stingiest Housing Loan Schemes pulled the demand down. It is estimated that around fivefold increase in the interest rate happened during 2008 to 2012. Moreover the RBI keeps very strict with providing house loans. The housing loans are reduced with a view of curtailing the over flow of money. Continue reading →