There is a significant chance of increasing pricing pressure in several areas in Mumbai that are expecting to see inventory surge.
The demand for residential real estate in Mumbai has skyrocketed over the last two years and prices have been on a slow uptrend. The activity in the sector picked up quickly after the stamp duty had been cut significantly, builders began offering discounts, and loans could be availed at low rates of interest.
With demand and the cost of construction materials increasing, builders are now calling for a significant hike in prices. But, some industry experts have highlighted several possible issues with hiking real estate prices in Mumbai
https://swarajyamag.com/business/could-mumbais-real-estate-sector-witness-pricing-pressure
Source: Swarajya
