{"id":19725,"date":"2013-07-02T11:04:23","date_gmt":"2013-07-02T05:34:23","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=19725"},"modified":"2020-06-15T04:00:47","modified_gmt":"2020-06-14T22:30:47","slug":"19725-mumbai-realty-sector-declared-as-the-most-unaffordable","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/19725-mumbai-realty-sector-declared-as-the-most-unaffordable\/","title":{"rendered":"Mumbai Realty Sector Declared as the Most Unaffordable"},"content":{"rendered":"

\"homes-in-Mumbai\"The city of Mumbai is known as one of the most affluent cities of India. The property prices are sky-rocketing in the city. According to a recent survey conducted, the financial capital of India is declared as the most unaffordable in terms of real estate segment. About 29% of the total under construction properties in the city are priced Rs.1 crore and above.\u00a0 The report added that this is the costliest among the other prime cities like National Capital Region where it is 11% and Bangalore with 5% of the total projects above Rs. 1crore.The unprecedented rise in the price and the increasing number of premium projects has restricted the interest of the homebuyers. Most of the projects come under the category of Rs. 1 crore and above therefore this have resulted in the slowdown in the absorption rate in previous four quarters.As compared to main property destinations like Pune, NCR, Bangalore, Chennai and Hyderabad, the city of Mumbai records lowest number of under-construction units that is below Rs. 50 lakh. The city has only 48% of the units under this price range.The number of new launches in the last 4 quarters has resulted in the increase in unsold inventory in the property market. Localities like Vasai, Virar, Mira Road, Ghodbunder Road and Panvel have witnessed a number of new of new launches during last one year.The survey also declared that Bangalore real estate market is the most affordable. More than 77% of the total under-construction launches fall below Rs. 50 lakh category and is followed by Chennai which has recorded 75%. Hyderabad has only 51% of the total under-construction units below Rs. 50 lakh bracket.\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":"

The city of Mumbai is known as one of the most affluent cities of India. The property prices are sky-rocketing in the city. According to a recent survey conducted, the financial capital of India is declared as the most unaffordable in terms of real estate segment. About 29% of the total under construction properties in […]<\/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-19725","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nMumbai Realty Sector Declared as the Most Unaffordable -<\/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\/19725-mumbai-realty-sector-declared-as-the-most-unaffordable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mumbai Realty Sector Declared as the Most Unaffordable -\" \/>\n<meta property=\"og:description\" content=\"The city of Mumbai is known as one of the most affluent cities of India. 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