{"id":5384,"date":"2012-04-02T01:27:24","date_gmt":"2012-04-01T19:57:24","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=5384"},"modified":"2020-06-15T04:51:08","modified_gmt":"2020-06-14T23:21:08","slug":"property-prices-soar-in-mumbai","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/property-prices-soar-in-mumbai\/","title":{"rendered":"Property Prices Soar in Mumbai"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-5385\" title=\"property-price-hike\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2012\/04\/property-price-hike.jpg\" alt=\"\" width=\"304\" height=\"209\" srcset=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2012\/04\/property-price-hike.jpg 304w, https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2012\/04\/property-price-hike-300x206.jpg 300w\" sizes=\"auto, (max-width: 304px) 100vw, 304px\" \/>Mumbai: <\/strong>With property prices reaching for the sky, there has been a steep fall in property sales. The property prices are at its peak, replicating the 2008 real estate scenario, leaving only a few buyers to think of real estate investment in Mumbai.&nbsp;Statistics convey a hike of almost 15%-30 % in Mumbai Metropolitan Region (MMR) property prices as compared to the 2008 increase in the same region. Almost 50 million sq.ft remains unsold in Mumbai due to the price hike. Despite of recession shooting up interest rates in 2008, developers were less inclined towards cutting down property prices. Presently, a similar hike in interest rates is holding back potential buyers from investment. The current real estate market has experienced sharp hikes in costs of unsold flats as well.&nbsp;Apart from this, delayed project completion has weakened property sales to major extent. Developers claim that the increase in construction costs has been the reason for such unexpected delays.&nbsp;Unable to put up with the rising property prices, home seekers face difficulties in looking for a property in Mumbai that fits their pocket just right!<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: With property prices reaching for the sky, there has been a steep fall in property sales. The property prices are at its peak, replicating the 2008 real estate scenario, leaving only a few buyers to think of real estate investment in Mumbai.&nbsp;Statistics convey a hike of almost 15%-30 % in Mumbai Metropolitan Region (MMR) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5384","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>Property Prices Soar in Mumbai -<\/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\/property-prices-soar-in-mumbai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Prices Soar in Mumbai -\" \/>\n<meta property=\"og:description\" content=\"Mumbai: With property prices reaching for the sky, there has been a steep fall in property sales. The property prices are at its peak, replicating the 2008 real estate scenario, leaving only a few buyers to think of real estate investment in Mumbai.&nbsp;Statistics convey a hike of almost 15%-30 % in Mumbai Metropolitan Region (MMR) [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/property-prices-soar-in-mumbai\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-01T19:57:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T23:21:08+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2012\/04\/property-price-hike.jpg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\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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