There is both good and bad news for Mumbai real estate buyers. Those expecting a correction in the Mumbai real estate market will unfortunately have to shell out more during Diwali. But the good news is that real estate prices in central Mumbai may slip further because of oversupply and confused government policies. (more…)

Indian investors and homebuyers are sitting out the Indian property market according to industry experts. Indian home registrations are down 30-35 percent in Mumbai compared with last year. (more…)

Destination development and infrastructure development are joined at the hip in Mumbai according to Jones Lang La Salle India. (more…)

Slow sales and a glut of properties are set to hamper the residential property market in Mumbai, India, and prices could fall by a further 30% according to analysts.

The glut is likely to extend into 2012/13 as steady streams of new Mumbai developments are launched on the market, according to real estate consultants Jones Lang LaSalle. Developers who bought land at high prices are now having to bring prices down.

‘The overall sentiments of the market and the consistent rate of new project launches in Mumbai give a clear indication of an impending oversupply by 2012. A lot of developers in the most severely affected locations are currently open to closing sales at lower rates,’ said a note by JLL.

Sanjay Dutt, Chief Executive Officer – Business at Jones Lang LaSalle India said that of the total recent residential sales about 65% of flats in Delhi and 35% in Mumbai have gone to speculators. These flats are also expected to roll back into the market.

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Mumbai commercial real estate is bouncing back after a prolonged recession-induced slump. According to Knight Frank, the commercial property market in Mumbai is showing signs of revival and enquiries are on the rise. (more…)

Mumbai real estate: The Mumbai Metropolitan Region Development Authority is contemplating the option of loan funding Metro Line-3 which extends from Colaba to Bandra from Japanese International Cooperation Agency. (more…)

American real estate giant Donald Trump is all set to enter the Indian property market with his signature project, Trump Towers, to be constructed on the plush Hughes Road in Mumbai. (more…)

Property advisors and researchers say Mumbai residential property sales are slipping in the commercial capital due to high rates. With inventories piling up they expect to see a correction soon. (more…)

Property in India’s financial capital Mumbai is among the most expensive in the world.

But the high demand for housing and homes in India is coming at a cost to the poor according to Prerna Suri. She reports Families of Dharavi slum are being evicted to make way for billion-dollar apartment and real estate developments in Mumbai.

High Mumbai real estate prices, can’t be sustained for long and already sales are beginning to slow. Is the Mumbai real estate bubble about to burst or is there more growth?

To give you a more informed view here are the views from Navyroof.com and some leading property consultants in India.

View from Navyroof.com
Overall we feel Mumbai real estate needs to slow as prices are unsustainable in the medium term. If some heat is not taken out of the Mumbai market soon with “a soft landing”, we could see a large Mumbai real estate correction. With a large amount of speculation and high cost of land, prices up over 50% since January. Anyone who has made these quick gains would be well advised to bank them now as this rally cannot continue for much longer at this rate without those investors last to the party getting burnt first. (more…)