Property Rates de­clin­ing in ma­jor sub­urbs of Mum­bai

Accommodation Times - - Echoes - By A.T. News Ser­vices

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.

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