MUM­BAI

Accommodation Times - - Front Page -

The rates in Mum­bai are de­clin­ing. Ex­tended sub­urbs are hav­ing no tak­ers. In­vestors are selling their stocks in af­ford­able hous­ing seg­ment. Lease rental too are all time low. Com­mer­cial and of­fice spa­ces are also see­ing worst time. CBD ar­eas lease rentals are al­most touch­ing 2001 level. Furhter fall em­i­nent, worst still to come.

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