Tag: Mumbai Land Prices

Oberoi Realty: Mumbai Land Prices Set to Extend 15% Decline

Mumbai land prices, India’s most expensive, may extend their 15 percent decline this year as high borrowing costs force indebted developers to sell real estate, Oberoi Realty Ltd. (OBER) Chairman Vikas Oberoi said. Land transactions have dried up as buyers aren’t willing to pay higher prices or “ferociously” compete to purchase land, while sellers have been holding […]