High Capital Values Of India Property Mumbai Hurts Buyer Sentiments

Mumbai is one of the main employment hubs of India and it is also touted by many as the land of dreams. The city has swelled over the years and so has the demand of India property Mumbai which has made the property prices touch the roof. Although there is a huge pile of unsold inventory of property in Mumbai for sale the builders refuse to budge on property prices as a result the buyers are now not willing to buy a property here. They are shifting their focus to other affordable and more viable options such as Pune, Hyderabad as buying a flat in Mumbai is completely out of their hands.  

It seems the tables have also turned now many young professionals are refusing to shift to the city due to high capital values and rentals commanded by a flat in Mumbai. Many young professionals refuse to join jobs after they search property sites and notice that half of their salary will be spent on rentals of India property Mumbai. If they do not do so they will spend a huge chunk of their time in travelling and juggling trough buses and trains. Most of the young people now look to settle down in an employment hub after a few years but high property prices of property in Mumbai for sale discourages people from investing in the city.

Property sites lists thousands of flat in Mumbai which are waiting to be sold or to be rented out. The rental market is going well but property sites point out that not many property sale transactions of India property Mumbai are taking place currently. High property prices of property in Mumbai for sale is making the city of dreams turn into a city of nightmares for people who are looking to buy a property here.