A few days after the news came out that the property prices have shot up in many of the cities including Delhi, Bangalore, etc., some Mumbai developers said that they have cut down the prices for new launches. Continue reading
New launches fall in Mumbai.
MUMBAI: The first quarter of 2013 witnessed a sharp fall in the number of new launches in Mumbai. The new figure however is compared to the number of new launches in the last quarter of 2012.
The last quarter which is the season of festivals like Diwali, usually have larger number of new launches. Liases Foras reported that the number of new launches were the maximum in this quarter across the country.
Managing Director of Liases Foras Pankaj Kapoor said that Mumbai has only a fewer new launches compared to the last quarter of 2012. The developers are postponing the new launches due to the weak home sales.
Home sales are yet to pick up in the city. The demand for housing units is still not so impressive. This negative market sentiment has been considered as the reason which forced the developers to postpone their new project launches. Continue reading
MCHI-CREDAI Property Expo receives good response.
MUMBAI: The first two days of MCHI-CREDAI Property Expo 2013 saw huge numbers of prospective buyers visiting the property show. It shows that the demand is not much affected by the sluggishness of the realty market.
Nearly 25,000 prospective buyers visited the property fair on Friday. This number of property buyers have really spirited the builders.
Over 15,000 residential properties across Mumbai Metropolitan Region (MMR) are showcased in the four day fair. The fair has properties located in Navi Mumbai, Pune and Thane.
The buyers showed keen interest in the properties located at Dombivli and Andheri too. Gundecha, Hubtown and Lodha developers have projects in these areas.
Those who were looking for investment options also visited the fair. Panvel and Thane remain the favorite spots for the investors.
Most of the properties showcased at MCHI-CREDAI Property Expo 2013 were offered with some discounts. Prices for some projects however remained the same. Continue reading