Mumbai Home Prices May Decline 35 Percent, Liases Foras Says
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Mumbai home prices may decline as much as 35 percent over the next two years as record prices and high interest rates deter buyers and developers slash prices to offload rising inventories, according to Liases Foras Real Estate Rating & Research Pvt.
Mumbai’s residential property market will stagnate over the next couple of years until prices decline to match affordability and income levels rise, Mumbai-based Pankaj Kapoor, founder of Liases Foras said.