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The sales for home properties have actually almost halved as compared to the previous years’ figures.Ananta In spite of this, the developers have refrained from lowering costs to keep their

heads above the water.Developers say that in spite of the decrease in sales; there is a little chance of the real estate rates going

down.Ananta Goregaon East Price This being considering that the prices of labor, sand and cost

of construction going up. The land owners are not lessening prices either.An example of these higher prices can be seen in Mumbai’s

Lower Parel area, which is now rapidly coming to be a hot spot for the abundant. Homes in the cloth mill area, which utilized to be

sold anywhere in between rupees 3,000 ($66) per square foot to Rs. 6,000 ($132) each square foot in the early part of this years, are

now valued between 15,000 rupees ($330) and 30,000 rupees ($660) each square foot as deluxe homes. On the other hand, the need is

decreasing due to the fact that property rates have surpassed the reach of the common man. There is a substantial need for residential

properties but people are waiting for the prices to come down. So, with the sales visiting over 50 % as compared to last year’s

figures, the stress is placing on the developers to slash rates.http://img545.imageshack.us/img545/3285/bfw6.jpg

OMKAR ANANTA Markdowns on property of

anything in between 10-15 % can be expected quickly.
The sales for home properties have actually nearly halved as compared to the previous years’ figures. Inspite of this, the designers

have actually abstained from reducing costs to keep their heads above the water.Designers claim that inspite of the drop in sales;

there is a little opportunity of the real estate prices going down. This being because the costs of labor, sand and cost of

construction going up. The land proprietors are not lowering rates either.Real estate services solid Jones Lang LaSalle India (JLL)

states newly-launched residential projects are tape-recording an average 15 % reduced rates, especially in Delhi and Mumbai? markets

experiencing surplus in many pockets.An instance of these higher prices can be seen in Mumbai’s Lower Parel area, which is now rapidly

coming to be a hot spot for the abundant. Homes in the fabric mill location, which made use of to be offered anywhere in between

rupees 3,000 ($66) each square foot to Rs. 6,000 ($132) each square foot in the very early part of this years, are now valued in

between 15,000 rupees ($330) and 30,000 rupees ($660) per square foot as luxury homes.On the other hand, the need is minimizing

considering that property costs have gone beyond the scope of the usual man. There is a big need for domestic properties however

people are waiting for the rates to come down.On the other hand, the demand is reducing due to the fact that property costs have gone

past the scope of the common man. Ananta Goregaon RatesThere is a massive demand for

residential properties but folks are standing by for the rates to come down. Developers say that inspite of the drop in sales; there

is a little chance of the real estate rates going down.Ananta Goregaon On the various other

hand, the need is minimizing because property prices have actually gone beyond the scope of the typical guy. There is a massive need

for residential properties however folks are standing by for the costs to come down.

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