Mumbai Property Prices Cause Stagnation In Realty Market

Property Mumbai at Makaan.com

Mumbai has always been the most desirable Indian city to live in as it offered a plethora number of opportunities. However over the years ever increasing Mumbai property prices has changed the perception. Due to high property rate in Mumbai hardly anyone is able to afford a property in the city. Earlier only South Mumbai was believed to be out of reach for the common man so the middle class settle for property assets such as Andheri West flats for sale. But with time Andheri West flats for sale also became out of reach due to high real estate Mumbai prices.

Now it seems that high Mumbai property prices are discouraging investors and end-users to look for a property here. Only established localities such as property in Andheri West are witnessing some demand that too due to its proximity to commercial centers. However in terms of capital values of property in Andheri West even this area has seen a price stagnation. Only the outskirts of the city like Navi Mumbai and Mumbai Thane are witnessing an appreciation in property rate in Mumbai rest all the sectors are virtually seeing a stagnation in the market. 

Real estate Mumbai prices are getting more and more expensive with each passing day. For a common man who is looking to buy a small apartment  of about 600 sq. ft. of space in Mumbai, looking at the average property rate in Mumbai he will have to shell out the minimum required corpus Rs 1 crore if he looking for a house in a decently established society. High Mumbai property prices are forcing Mumbaikars to movie to the outskirts and fringes of the city. Its only in places like Navi Mumbai and Thane where one can think of buying a property at affordable real estate Mumbai prices.