{"id":21683,"date":"2013-07-28T10:00:18","date_gmt":"2013-07-28T04:30:18","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=21683"},"modified":"2020-06-15T03:52:14","modified_gmt":"2020-06-14T22:22:14","slug":"21683-home-sales-in-poor-state-expensive-mumbai-cries","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/21683-home-sales-in-poor-state-expensive-mumbai-cries\/","title":{"rendered":"Home Sales in Poor State: Expensive Mumbai Cries"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-21684\" alt=\"low-sales\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/low-sales.jpg\" width=\"300\" height=\"250\" \/><strong>Mumbai<\/strong>: Sale of home units has lost its appetite. In Mumbai, it&#8217;s even worse and sickening. Even if people are wealthy in metro cities and have bought spaces that cost in crores, the time of this quarter seems unfavourable for the developers. According to a renowned property research firm, the first quarter of this financial year was a bit tricky in terms of sales. Residential unit sales have fallen in all metros. We can exclude Bangalore from the list; otherwise all others have failed in maintaining the curve of sales growth.155.27 million square feet in Mumbai (the highest unsold inventory in the country) is awaiting buyers from months. The unsold inventory is piling up and heaven knows how many years it would take sell them completely. 48 months, it is expected. In Delhi the figure is of 38 months. In Mumbai the sales were low by 12 percent and in Delhi and Pune, its 13 and 15 percent low respectively. Despite attractive schemes like foreign trip, free stamp duty and registration and even 20:80 plan in which the buyer has to pay only 20 percent of the amount upfront, the sales remain all time low. There is only one reason for it. A reason that is well known to all of us. It&#8217;s the high prices that surpass the reach of a common man.More than 88 new projects in Mumbai and 56 in Delhi are proposing discount and special schemes, all witnessing weak sales. Bangalore on the bright side and has seen 25 percent sales growth.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\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><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\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":"<p>Mumbai: Sale of home units has lost its appetite. In Mumbai, it&#8217;s even worse and sickening. Even if people are wealthy in metro cities and have bought spaces that cost in crores, the time of this quarter seems unfavourable for the developers. According to a renowned property research firm, the first quarter of this financial [&hellip;]<\/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-21683","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Sales in Poor State: Expensive Mumbai Cries -<\/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\/21683-home-sales-in-poor-state-expensive-mumbai-cries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Sales in Poor State: Expensive Mumbai Cries -\" \/>\n<meta property=\"og:description\" content=\"Mumbai: Sale of home units has lost its appetite. In Mumbai, it&#8217;s even worse and sickening. Even if people are wealthy in metro cities and have bought spaces that cost in crores, the time of this quarter seems unfavourable for the developers. According to a renowned property research firm, the first quarter of this financial [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/21683-home-sales-in-poor-state-expensive-mumbai-cries\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-28T04:30:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:22:14+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/07\/low-sales.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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