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Mumbai Property & Accommodation

In Mumbai, real estate project launches down by 36%

MUMBAI: New launches in the Mumbai Metropolitan Region were down 36% between January and June 2017 because of the new Real Estate Regulatory Act, and the Bombay High Court’s stay on permissions to new projects over saturation of dumping grounds in the city. A Knight Frank India report, India Real Estate (January to June 2017), launched on Wednesday said RERA compliance also deterred builders from marketing their ...

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Property in Mumbai: Builders inventory at a whopping Rs 2.5-3.0 lakh cr as unsold units touch 2.6 lakh, new project launches down 36 to 40 per cent

  According to a Financial Express report, the total inventory with builders in the Mumbai Metropolitan Region (MMR) could be nudging Rs 2.5 lakh crore with an additional 100,000 apartments remaining unsold over the past year. Industry watchers say given the average price of these flats of about Rs 90-95 lakh, there are not too many takers at this point. ...

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