Mumbai realty prices firm despite subdued demand
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Mumbai realty prices firm despite subdued demand

01 Aug 2011 1 Min Read CW Staff
Despite a sustained sluggishness in demand, property prices in Mumbai, India’s largest real estate market, do not seem to ease.A reason for this is the financing structure of real estate projects, where many developers, especially unlisted ones, resort to discounted selling to speculators during the soft launch of a project.This, experts say, helps these developers avoid the discipline of interest payments to the banks.

Despite a sustained sluggishness in demand, property prices in Mumbai, India’s largest real estate market, do not seem to ease.A reason for this is the financing structure of real estate projects, where many developers, especially unlisted ones, resort to discounted selling to speculators during the soft launch of a project.This, experts say, helps these developers avoid the discipline of interest payments to the banks.

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