On one side the bustling metropolitan, Mumbai is facing shortage of affordable housing while on the other side there is over supply of properties that are priced Rs. 2 crore and above. Areas around the Harbour line, in central and in South Mumbai are witnessing an overstock of properties. There is an oversupply of 15 to 17% of properties worth Rs. 2 crore and above in central and south of Mumbai while in harbour line, the stock is overflowing by around 25%. This was estimated in the April-June quarter of 2014.According to the sources Mumbai is witnessing such oversupply, mostly due to the economic slowdown. With an expectation of drop in the property prices, homebuyers are unwilling to invest in properties in current market condition which has led to stoppage in sales. Real estate developers whose 10 to 12 units used to get sold within a month are now able to sell only 3 to 4 units.Some of the property consultants expressed their view by saying that majority of the areas of this metropolis is end-user driven and this set of investors is very thoughtful about investing in any property particularly when they have to pay such a huge price. Hence this results in low conversion rates.Property buyers belonging to this price category are mostly entrepreneurs, doctors, jewelers, CEOs, CMDs, stock market professionals and other people who work at top managerial levels.Even if the developers are facing overflow of property stock and the chances of price-cut is high, it is still hard to say whether the real estate companies would cut down the cost since their profit margin would reduce.займ на карту без отказов круглосуточновзять кредит онлайн