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Mar 7th, 2007, 09:22
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#1 |
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Member
Join Date: Nov 2006
Location: India, Mumbai
Posts: 8
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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 |
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Mar 7th, 2007, 10:21
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#2 |
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Maha Guru Member
Join Date: Mar 2006
Location: Mumbai, India
Posts: 686
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Well to what i have been told and understood, yes prices will fall but will be in certain pockets only.. not all over Mumbai
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Mar 7th, 2007, 10:31
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#3 |
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Member
Join Date: Nov 2006
Location: India, Mumbai
Posts: 8
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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. |
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Mar 7th, 2007, 10:59
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#4 |
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Maha Guru Member
Join Date: Mar 2006
Location: Mumbai, India
Posts: 686
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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 ... |
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Mar 7th, 2007, 11:15
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#5 |
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Loud-mouthed, Noisy Bird
Join Date: Oct 2004
Location: Chennai, India
Posts: 26,908
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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....
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