12 November 2016

Mumbai has always been one of the most favorite zones among the real estate investors. After a little slowed down scenario last year, the market has gripped again, though on a little slower note. The number of latest projects introduced this year so far is quite 30% less than it was during the same time last year.

Still, the number of new projects launched in past six months can count at least 200. Though, by the same time last year, the number of new projects launched was well beyond 300. In fact, the statistics say, there are already more than 75k unsold houses in Mumbai itself at present.

Why Did It Slow Down?

There are many reasons made responsible for the continually slowing down real estate market in Mumbai. Among the prominent ones, the sky touching price hikes introduced by the builders is said to be one of the prominent reasons.

Also, the decision of the RBI to hike the interest rates on the home loans can also be stated reason behind the negative effect. Banks and NBCFs are much stricter in modern scenarios.

How it’s An Opportunity For You?

The facts stated above no doubt make it evident about the affected real estate. However, the affected scenario can well be an opportunity for you to buy a property in Mumbai. Especially, the likes of Dronagiri, Taloja, Karanjade create the fantastic opportunity making the properties available for 4351 INR, 4500 INR, and 4600 INR respectively.

However, the best recommendation would be to go for a property at around Chipale regions, which after a noteworthy price cut of about 11% in recent past, can be available for you at about 5700 INR.

Considering the facilities you can have in Chipale regions; the present price undoubtedly makes a good deal. Well, the likes of Belapur, Airoli can still be expensive for you at around 10,200 INR per square feet.