http://indiarealestatemonitor.com/property-news/rs-872-crore-is-to-be-invested-for-logistic-park-in-mumbai/ PropertyWala.com Microsite Wed, 17 Jun 2009 12:06:00 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://indiarealestatemonitor.com/property-news/rs-872-crore-is-to-be-invested-for-logistic-park-in-mumbai/comment-page-1/#comment-534 riathareja Thu, 21 Aug 2008 06:07:02 +0000 http://indiarealestatemonitor.com/?p=470#comment-534 According to an industry survey, property rates in Mumbai, especially the suburbs might drop by 15 to 20 percent in the coming months. The survey, conducted by real estate consultancy firm, Jones Lang LaSalle Meghraj (JLLM), links the price drop to liquidity crises among builders, high interest rates and inflation. "It's It’s an over-rated market, and builders are facing money crises. We expect a price correction of 15 to 20 percent in the next few months." However, the decline in prices may not happen in up market localities like Bandra, Juhu and Peddar Road as the demand here is higher than supply.For more view- realtydigest.blogspot.com According to an industry survey, property rates in Mumbai, especially the suburbs might drop by 15 to 20 percent in the coming months. The survey, conducted by real estate consultancy firm, Jones Lang LaSalle Meghraj (JLLM), links the price drop to liquidity crises among builders, high interest rates and inflation. “It’s It’s an over-rated market, and builders are facing money crises. We expect a price correction of 15 to 20 percent in the next few months.” However, the decline in prices may not happen in up market localities like Bandra, Juhu and Peddar Road as the demand here is higher than supply.For more view- realtydigest.blogspot.com

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