Mumbai residential property sales at 2 yr low

With real estate prices rising to exhorbitant heights, the realty market continues to remain stagnant as sales of apartments in Mumbai and its adjoining areas recorded the lowest figures in the last two years. According to the report prepared by Liases Foras, a leading real estate research firm, sales in the first three months (January-March) of this year dropped to 9,000 from 10,500 recorded in the months of October to December 2010 in the Mumbai Metropolitan (MMR) Region, which includes Navi Mumbai Mumbai, Thane and Raigad.. Contact: Liases Foras.Tel: 022-6452 0171. E-mail: contact@ressex.com Website: www.ressex.com