In a recent article appearing in Times of India Mumbai Edition dated 3rd August 2011 indications are available that real estate prices are in for a fall.
Read excerpt here
Past seven month's data gleaned from the stamp duty and registration department showed that the trend in the eastern suburbs (Kurla to Mulund) has been the worst, with a record 33% slide in the number of documents registered in 2011, compared to that in 2010. From January 2011 to July 2011, 7,529 papers were registered, while 11,371 were sealed between January 2010 and July 2010. The western suburbs seem to have fared slightly better with deals between Goregaon and Dahisar sliding by 19%. Borivli taluka recorded the registration of 13,554 documents from January 2011 to July 2011, compared to 16,846 for the same period last year.
Read the entire article here
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