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Mumbai Real estate

Kerala Forum: Kerala Real Estate: Mumbai Real estate
By apsarasen on Friday, January 11, 2013 - 03:34 am: Edit Post

Mumbai is one of the biggest emerging economies in the world. Real estate prices in Mumbai have
seen a huge price surge since the Global Financial Crisis. Since the surge there are numerous
concerns about the posibility over housing bubbles mainly fed by concerns over the fact that the
masses are not able to afford the expensive housing that is being built. Mumbai is turning in to one
of the most expensive cities to live in. In 2011 the Indian government took measures to deal with
rising real estate prices in Mumbai. Those measures left many of Mumbaiís developers with fund
shortages. Over the last years a lot of new projects started. Some experts are deeply concerned
about an oversupply in this year and the next (2013 and 2014). They predict that the Mumbai property
price will fall in the near future.

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