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Apartments Worth Rs. 1 Lakh Crore Still Unsold In Mumbai

It is definitely not a good year for Residential property market in Mumbai since buyers are still keeping away from the market. Among the reason for this is that these buyers are waiting for the time where the prices of these units would go down in the near future. For Mumbai residential market, their absorption number tremendously dropped down.

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Raheja Developers

For the record, they had an great number in 2007 reaching to more than 60% rate and dropping down to just 35% in the year 2010-2011. This rate of 45,000 units absorb annually is way below the mark average which is about 70,000 to 80,000 units.

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RNA Builders

According to a report, South and central Mumbai had experienced the highest vacancy level. The different prices of units are among the reasons why there is a lot of vacancies in the present. The prices of these units should be monitored in order to ensure that there will be equilibrium in the market.

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Hiranandani Builders


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