Property Rates declining in major suburbs of Mumbai
Property Rates are declining in many prime areas like Chembur, Powai, Panvel and other developing zones. Some of the biggest corporate property brokers like India Bulls have been offering its inventories of other builders for a discounted rates at areas like Andheri, Powai, Thane, Chembur, Panvel, Airoli and many other places.
Last month was worst hit as registration of documents nose dive for residential properties in Mumbai specifically in South Mumbai. Property Service division of many aggressive banks are sitting in branches to offload inventories for a discount. Major areas where the rates have come down are Kalina, Vakola, Vile Parle East, Prabha Devi, Malad W, Oshiwara, Goregaon East and West, Chembur, Mulund, Nahur, Thane W Ghodbunder Road, Shil Phata, Badlapur and Ulhas Nagar. In following table, India Bulls have been soliciting the sell on a discounted rate.