Here’s what may take the bloom off the new homes in Mumbai and Delhi
Advertisement
Advertisement
Every man has a dream to buy his own house, but the sky-rocketing prices of these new launches have made it impossible for Mumbaikars and Delhiites to transform this dream into a reality. The Anuj Puri,
Due staggering situation that this sector is facing, the reality developers aren't even trying to increase prices. Samantak Das, chief economist and director, research, Knight Frank India, told ET, "With absorption rate at new low, builders are trying to get their volume back."
Price stagnation is perhaps the first sign of a
The financial daily stated that once investors realise this and begin to offload their stock, the 'price correction' starts. This was clearly visible in
Advertisement
The same scenario is evident in
In between 1995 and 2001, the Mumbai real estate market had seen a very big correction owing to a reduction in prices by half in many pockets.
(Image: www.mashsizz.com)
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market