According to the credit rating agency, Icra, builders in Mumbai are finding it difficult to increase the property prices due to rising inventory of properties, subdued levels and uncertain macroeconomic environment. The credit agency’s research report suggested that high economic uncertainty and decreasing affordability are the dual reasons that would affect the property prices in Mumbai in next and medium term. Due to the increasing cost pressures and limited supply, the capital rates in real estate sector have remained mostly stable in past.The neighboring areas like Thane, Navi Mumbai continues to witness healthy realty development and even the grip in the affordable housing section, given lower ticket sizes. This June, Reserve Bank of India (RBI) lowered the risk factor on loans that were extended to the developers for housing projects from 100 percent to 75 percent. The current increase in the base rate and reduction in the liquidity has quashed the impact to a larger amount.Icra further added in the report that most of the banks have increased their base rate recently; this would lead to a rise in acquisition cost for the buyers which would result in slower off-take. The credit rating agency also noted that Development Control Regulations have been modified and project approvals have begun to flow in the system. The approval process, still have to gather momentum features of past.Brihanmumbai Municipal Corporation (BMC) said that previously, the real estate market of the financial capital had almost come to standstill with respect to new launches because of the sudden ceasing of approval process by the regulatory authority.займ на карту без отказов круглосуточновзять кредит онлайн