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Rate spike takes a toll on Mumbai realty
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Demand for property has slowed down by as much as 30 per
cent in lower and middle-income housing in
Mumbai suburbs following the series of interest
rate hikes since January that have seen lending rates rise 125 to 200 basis points
this year, raising anticipation of a fall in prices. Real-estate consultants and
housing finance companies say the number of deals has dropped in suburbs such as
Bhandup, malad, vasai, kharghar and Panvel. "We have seen a slymp of 30 per cent
in the number of enquiries and sales in these areas. The slowdown in property registrations
also indicates this trend," said Pranay Vakil, chairman of realty consultant and
agents Knight Frank India. xxxxxxxxxxxxxxxxxxxfgfasasasgfgfgfgfgfgxxxxxxxxx |
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GRA International
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Whether it is
Bangalore or
Chennai, and irrespective of the direction or alternate routes
motorists utilize to enter these cities, they are resigned to spending over one
hour just to move from the borders to the residential colonies located within the
cities. So if you have a job that entails frequent travel between these cities,
it would make terrific sense to reside just outside the metropolitan area, especially
if your office is also around thereabouts. Maybe Hosur for
Bangalore and Poonamalle, Porur, or Vandalur for
Chennai. So who is building houses in Vandalur now? xxxxxxxxxxxxxxxxxxxxxxxxxxxxx |
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43 acre land acquisition deal
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A mall
spread over 5 million plus sq feet; a four or five star hotel and a residential
space involving 1,300 sq feet sized "large" flats in 15 plus buildings are features
of this integrated development. zxzgfgfgfgxxxxxxxxx |
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