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Mumbai - 40%+ House Price Crash

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Author, Suketu Mehta, in Maximum City (2004), states that real estate values have "fallen forty per cent"

And judging by a recent article by Satheesh Mohan, on Mar 30 2006, prices are currently falling - despite a booming economy

On the residential front, the land prices are going up but the sale prices are coming down. Mr Puri said this could be because margins of the developers are being eaten into. The second reason could be speculation by developers. The prices for Mumbai retail are achievable and reasonable, he said.

Edited by gruffydd

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obviously the bandwagon has moved on!!!

the sensex is the place to be now......nothing like a little greed to concentrate the mind!!!!

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  • 312 Brexit, House prices and Summer 2020

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      • down 5% +
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      • up 5%

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