{"id":17821,"date":"2013-05-14T06:10:04","date_gmt":"2013-05-14T06:10:04","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=17821"},"modified":"2020-06-15T04:09:55","modified_gmt":"2020-06-14T22:39:55","slug":"17821-residential-prices-in-mumbai-go-up-by-66","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/17821-residential-prices-in-mumbai-go-up-by-66\/","title":{"rendered":"Residential Prices in Mumbai go up by 66%"},"content":{"rendered":"

\"Mumbai\"One of the most affluent cities of India, Mumbai is now acknowledged as the costliest city in India in terms of residential real estate. The housing property prices in Mumbai<\/a> have been increased by whopping 66%. According to a report, the steady and the continuous demand and the escalating construction costs are the reasons for the property price increment since last four years. \u00a0Apart from these, one of the prime factors for the appreciation in the price is the limited supply of clear land in Mumbai<\/a>.The correction in the property prices are seen post the Lehman debacle. Since this incident, Mumbai witnessed an unprecedented rise in residential prices. \u00a0The demand for the residential properties remained stable from the investment as well as end-users\u2019s perspective.The cumulative price rise is not only observed in Mumbai, even the satellite areas like Thane and Navi Mumbai have witnessed raise in the property prices. Property prices have increased by 70% in Thane and by 74% in Navi Mumbai. With these prices, Mumbai, Navi Mumbai and Thane are declared as costliest cities in India. During this 4 years period even cities like Gurgaon and Bangalore witnessed appreciation in prices by 52% and 46% respectively.The prospective home-buyers are reluctant to invest in such an over-priced scenario. Government is working hard to curb this inflation situation.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the most affluent cities of India, Mumbai is now acknowledged as the costliest city in India in terms of residential real estate. The housing property prices in Mumbai have been increased by whopping 66%. According to a report, the steady and the continuous demand and the escalating construction costs are the reasons for […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17821","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nResidential Prices in Mumbai go up by 66% -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/17821-residential-prices-in-mumbai-go-up-by-66\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Residential Prices in Mumbai go up by 66% -\" \/>\n<meta property=\"og:description\" content=\"One of the most affluent cities of India, Mumbai is now acknowledged as the costliest city in India in terms of residential real estate. 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