The property market in Mumbai is reporting a dip in house prices and rentals, with those in the suburbs the worst affected.
Residential property sales have dipped by almost 70% in Greater Mumbai but prices are still stable, according to the latest analysis from DTZ. But in the suburbs there has been a 10 to 15% dip in prices. A slowdown is also starting in the commercial sector.
A meltdown is gripping almost all the segments of the Indian realty market. Property rentals have started to cool down in Mumbai and Delhi, said Amber Mahawheri, director investments at DTZ.
More : .propertywire.com
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