Ultra- luxurious properties in South Mumbai are fetching very few buyers. All the current projects in this location belong to high-end segment. But the present market condition is not favorable for the buyers and hence finding buyers for these projects have become difficult. Two year ago, the property appreciation in South Mumbai has dipped from 30% to 10% and even the rental yields have dropped by more than half.According to the sources, in past 8 to 12 months, property sales have fallen by 30%. If there are 100 homes available for sale in a quarter then only 6 of them are getting sold as few investors are interested in buying this super luxury residences. Buyers cannot sell their properties until it is completed in Mumbai real estate market which creates problems for buyers who have invested in multiple properties. The lock-in period of some of the projects are extended so long that sometimes the buyers are unable to sell the properties until the project is completed by the developer.Napean Sea Road is one of the posh residential areas in our country. It boasts some premium projects by renowned developers like Lodha Group, Rohan Lifescapes and Orbit Developers. According to the sources, about 25% of the homes are still unsold. The investors are not getting buyers for these high-end apartments.Previously, South Mumbai was mainly known as the resale property market but currently the area is witnessing numerous new launches which have resulted in stock of inventories. From past two years, new properties are getting added but the sales are getting dropped. People are looking out for properties in eastern and western parts of the city for lucrative returns.займ на карту без отказов круглосуточновзять кредит онлайн