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Mumbai: Realty market improves

In Mumbai and its suburbs, around 26% rise in sales has been recorded as compared to registrations in December 2012. In last one year, property sales in Mumbai were lower than other cities such as National Capital Region(NCR) and Bangalore. With these positive changes in sales as well as some new launches planned up by some prominent developers, Mumbai realty market, one of the most expensive markets in this sector, has raised some expectations.

 

As stated by analysts Kejal Mehta and Pratik Shah, “ The impact of island city launches like that of Lodha Developer’s Blue Moon and Bombay Realty’s Island City Centre is further likely to strengthen registration numbers in Q2CY13.”

 

Favista Views: Though sales registrations are firm in Mumbai, new launches might be beneficial to contribute to the city’s overall real estate growth.

 

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