Mumbai Real Estate

Faced with no movement in sales in the past three-odd months due to lockdown and Covid-19-related issues, property developers are resorting to price cuts

However, city had witnessed a drop in the third quarter over second quarter of the previous fiscal

Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality".

According to Knight Frank's Prime Global Residential Forecast, in 2021 Mumbai's prime residential market is expected to witness a price decline of 3 per cent.

A recent report by ANAROCK suggests as many as 16,100 new units have been launched in the luxury segment priced over Rs 1.5 crore across the top seven cities in India in the first half of CY19

Total value of unsold inventory in central Mumbai is estimated to be Rs 45,000 crore, while that for Mumbai city stands at Rs 83,000 crore

Agarwal's suicide, which comes after at least two similar incidents in recent years in the megapolis, resulted in the realty sector flagging concerns on project delays and tighter norms

Delhi and Pune came a close second in average cost of construction at Rs 2,750 per sq ft, followed by Chennai and Bengaluru at Rs 2,500 sq ft

Virat Kohli, Yuvraj Singh, Baba Kalyani have also bought flats in project

The average home prices in Mumbai have touched Rs 12,000 per sq ft