Wednesday, January 16, 2008

Real estate developers fear Mumbai property rates may shoot through the roof soon

Real estate developers fear 30% to 50% increase in prices as well as demand for property in Mumbai, Pune, Nasik, Chennai and Bangalore, compared with the ongoing steady demand and prices in Delhi and the NCR region from March 2008 onwards. According to industry experts, with Indiabulls (14 lakh sq ft of commercial and retail) and Peninsula II (5 lakh sq ft) properties under construction in Lower Parel in Mumbai, the demand for residential properties is expected to rise by 30% from March 2008. While Indiabulls property is expected to be operational thisyear with a parking space for 3,500 cars, the Peninsula II properties will be completed next year.
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1 comment:

Anonymous said...

GIVE ME A BREAK, THIS MARKET IS INFLATED BY BUILDERS, SPECALUATORS & NRIS. AS YOU SEE MOST OF UNITS ARE EMPTY INVESTED BY INVESTORS WANT TO MAKE QUICK BUCKS. THERE ARE NO FUNDAMENTALS & ECONOMIC MARKERS LIKE INCOME OF END USER SUPPORTS. EVERY INVESTOR THINKS, I INVEST TODAY, TOMMORROW IT PRICE WILL BE DOUBLE. LOOK AT HOUSING MARKET CRASH IN USA, UK & EUROPE.
GREEDY PEOPLE HAVE VERY SHORT MEMORY EVERY ONE FORGETS LOOSES WE HAD IN STOCK MARKET. THIS MARKET WILL CRASH & WILL CRASH BIG TIME WITH ALL SPECUALTORS CRYING BIG TIME.