Property prices in Mumbai fall by a modest 0.9% in July 2010 - says Makaan.com Property Index

Pl. send me update information about fact with data So i can do proper planning for sales and marketing

Why government does not put any control on increasing prizes in real estate sector in mumbai or any other part of country. Without any logical or technical reasom, propertyi prizes are just increasing, god knows, who allow the so called builders and developers to increase the peoperty prizes.
Is it thier own right to increase the property prices in a democratic country?
We all believe that this is not a right of any builder to increase the property prices. But i dont understand, why the municipal / government authorities does not take any part in this sector, to stop all this manmani and lootmari.
i know, whenever, increase in potato or onion prices in the market (costing 15 to 20 Rs./ kg), government interferes and try to control the prices.
Then why are they not becoming a part of controlling prices in real estate market where builders & deveopers are openly looting money from poor and needy peoples ranging from few lacs to crores, especially in mumbai. And this all is happening in a well organized democratic country i.e our country India.

I appriciate the down to earth thinking of Mr.Sourav Ghosh.

However, In Mumbai, the `Real estate' is the only industry giving assured returns. Mumbai's status as a manufacturing industry is gone since the systematic closure of textile mills and sale of their land. It must be a calculated move for maximum capital gain.
Apperantly the transition i of Mumbai s being projected as shift from manufacturing industry to service industry
This change may also self limit growth of Mumbai as the service industry can be operated from any other city in India that provides communication and minimal infrastructure. Other class B cities will gain from this transition.

Those who opt for job in Mumbai, invest their entire savings and savings of future for buying a home in Mumbai. Many people coming from various parts of the country sell out properties in their native town for buying a home in Mumbai,
That is why the persistent rise in the Mumbai property rates. This has however some limit and this is making Mumbai exclusive city for persons having income level higher than 25000 per month if you want some minimum standard of city living.Others are compelled to live in slums in the fringe areas.
Houses in Panwel, Ulwe and even Karjat and Asangaon will become unaffrdable for theose whose monthly income is less than 25,000 pm as the family, children's education, Medical expenses etc also has to be looked after.

The govt. it self is inflationary...
say you have flat worth 1lac on moday
I sold @1 LAC and you paid stap duty Rs.5000/-
So on tuesday its 105000/- if you selll..
and on Wednesday its 110250 and So on....

If all this two peoples are earning....

Estate agent 2% from Buyer and 2% from Seller
And ofcourse the Govt.!!!!

There is a lot of hype about property prices. Lots of companies are talking about low income group housing. My question is "Is there any such thing in Mumbai?". How can one call a flat priced at 25 lacs a low income flat.
Even if we take a mean salary of Rs 10000 per month in a country where the poverty level is calculated if a person earns below Rs 400 per month then also it is hard to imagine this person buying a flat which costs over Rs 5 lacs in value.
The property market is sustained by investors who push up prices aiming for profits and ordinary people slave to buy a property just to live in for over 20 years. Our country shows a shining face to the world but we should do well to remember that all that glitters is not gold.
The day when this bubble bursts will soon have to come because the way in which people are being fleeced will force them to stop buying simply because they cannot afford it. The greed of investors and corporates will bring ruin as we have already seen in America and Europe

looking for a flat in thane .

I am willing to buy a 2 BHK FLAT in Thane-Mumbai.but the prices are going up day by day.Hence now it is going out of my budget.Is there any possibility that the property price in thane will go down again.
Pls.suggest.
Regards,
Santosh date

I just cannot digest the logic behind the day by day increasing price. Now even the low income group are forced to buy a modest 1 BHK at nothing below 25 lac. And the price the pay is a 20 year long forced-labour or a self imposed slavery to pay.

why people are going out of Mumbai, why they can't afford to purchase a flat of 2 bedrooms in Mumbai itself, most of the people are going out of Mumbai that means at Thane and beyond Thane, why they cant purchase a flat in Mumbai before Mulund & Andheri. Because flats cost is there but they have to pay huge amount to stamp duty & registration charges, that is the problems there. Most of the young generation who are engineers, doctors not having jobs, they are jobless, how can they purchase a flat otherwise go & purchase a flat beyond Thane like Dombivli, Kalyan, Badlapur, Asangaon, Titwala, Kasara, karjat etc.

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