Mumbai Property News
Property prices in Mumbai increased by 3.35% in November 2011 - says Makaan.com Property I..
The property prices in Mumbai have increased by 3.35% in the last one month. Over the last 3 months, the MPI has remained stable - it has moved from 1496 in August 2011 to 1513 in November 2011. As compared to last year, the Mumbai Property Index in November 2011 has increased by 19.36%. Prices had dropped significantly in the second quarter of 2010 due to the economic slowdown. From thereon, the prices have been rising steadily, with minor highs...... Read more »
Property prices in Mumbai remained stable in December 2011 - says Makaan.com Property Inde..
The property prices in Mumbai remained stable in the last one month.Over the last 3 months, property prices in Mumbai remained stable - it has moved from 1501 in September 2011 to 1526 in December 2011. As compared to last year, the Mumbai Property Index in December 2011 has increased by 21.8%. Prices in cities had dropped significantly in the second quarter of 2010 due to the economic slowdown. From thereon, the prices have been rising steadily,...... Read more »
India property market forecast 2012, Real Estate forecast 2012
The year 2011 can best be described as a lackluster year for Indian real estate sector. There were several headwinds that prevented the sector from delivering to its full potential. High property prices and rising home loan interest rates kept the home buyers away from the property market. Property transactions in major Indian cities were down by 20-40% for the year. The survey ran on the website between 27th November to 15th Dec 2011, witnessed...... Read more »
12th Mega Property Exhibition Navi Mumbai
The Builders Association of Navi Mumbai (BANM) is holding its twelfth annual property exhibition from February 10 to 13, 2012 in Navi Mumbai. More than 100 members are participating in the exhibition which will have 225 stalls. Top financial institutions too will be present at the exhibition, which is the biggest of its kind in Navi Mumbai.... Read more »
Maharashtra Government innovative scheme to boost Public Housing
The Maharashtra state government has issued a notification inviting public objections and suggestions to its decision to make builders compulsorily reserve 20% of a plot measuring more than 2,000 sq m for public housing. These tenements will be utilized to provide decent housing to the economically-weaker section (EWS) and the low-income group (LIG).... Read more »
Home Sales in Mumbai dips to a 3 year Low
According to a research Mumbai's residential home sales dropped to a three-year low in the last quarter on 2011. The research was carried out by a Mumbai real estate research company. The firm points out that the high property prices and high interest rates is causing this dip.... Read more »