Property Prices are falling down

sanjaymasawan · Mar 7th, 2007, 10:22

Hello guys and gals,

Will the Stock Market tumbling down and due to the impact of the budget the property prices have started to come down. The rising interest rates of Home loans have also added to this.

This means that buying a house will be easy. I have seen this happen at Thane and Malad. What about u guys. Do u have any news.

Also refer to the post
http://www.indiamike.com/india/archi...p/t-28201.html

Regards
Sanjay

amarshah · Mar 7th, 2007, 11:21

Well to what i have been told and understood, yes prices will fall but will be in certain pockets only.. not all over Mumbai

sanjaymasawan · Mar 7th, 2007, 11:31

Hi Amar

The property prices may fall almost everywhere because there was an unnecessary hike. The owners of resale flats were also demanding quite a lot. The fact was that there was only supply but no purchases. The builders were the main culprits in hiking the prices.
I have seen the flats now being sold off in very less prices in areas like Malad, Kandivili and Thane. But they were resale flats. I am not sure about the new constructions.

amarshah · Mar 7th, 2007, 11:59

hi Sanjay

Price in south bombay are more or less intact... also powai or bandra... as i said pockets... Thane / Malad havedevelopment space left unlike Bandra or Powai or South bombay ...

Nick-H · Mar 7th, 2007, 12:15

And just about now sanjaymasawan will be calling his mates in the office to also contribute, just like he did the last time he posted like this....

Mar 7th, 2007, 10:22	#1
sanjaymasawan Member Join Date: Nov 2006 Location: India, Mumbai Posts: 8	Property Prices are falling down Hello guys and gals, Will the Stock Market tumbling down and due to the impact of the budget the property prices have started to come down. The rising interest rates of Home loans have also added to this. This means that buying a house will be easy. I have seen this happen at Thane and Malad. What about u guys. Do u have any news. Also refer to the post http://www.indiamike.com/india/archi...p/t-28201.html Regards Sanjay

Mar 7th, 2007, 11:21	#2
amarshah Maha Guru Member Join Date: Mar 2006 Location: Mumbai, India Posts: 844	Well to what i have been told and understood, yes prices will fall but will be in certain pockets only.. not all over Mumbai __________________ Cheers Amar Himalayan Trips - http://amards14.googlepages.com/

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Mar 7th, 2007, 11:31	#3
sanjaymasawan Member Join Date: Nov 2006 Location: India, Mumbai Posts: 8	Hi Amar The property prices may fall almost everywhere because there was an unnecessary hike. The owners of resale flats were also demanding quite a lot. The fact was that there was only supply but no purchases. The builders were the main culprits in hiking the prices. I have seen the flats now being sold off in very less prices in areas like Malad, Kandivili and Thane. But they were resale flats. I am not sure about the new constructions.

Mar 7th, 2007, 11:59	#4
amarshah Maha Guru Member Join Date: Mar 2006 Location: Mumbai, India Posts: 844	hi Sanjay Price in south bombay are more or less intact... also powai or bandra... as i said pockets... Thane / Malad havedevelopment space left unlike Bandra or Powai or South bombay ...

Mar 7th, 2007, 12:15	#5
Nick-H This is just a cameo appearance Join Date: Oct 2004 Location: Chennai, India Posts: 36,189	And just about now sanjaymasawan will be calling his mates in the office to also contribute, just like he did the last time he posted like this....