Buyers Of India Property Mumbai Wait For A Price Correction

People are expecting the property rate in Mumbai to come down in the next few months as there is stagnation in the real estate market. People who were planning to buy flats in Vasai for sale and other India property Mumbai believe the prices will become affordable now as there are no buyers in the market. The sellers on the other hand believe that the demonetization will infact stabilize the real estate market. It is expected that home loan rates will come down and it will increase the purchasing power of the common man. If the repo rates are reduced by 1% or 2% there will be a significant difference in the overall EMI. Once repo rate comes down the demand of flats in Vasai for sale and other India property Mumbai will increase sporadically. With the increase in demand it is expected that stagnant property rate in Mumbai will also see an overdue price appreciation. 

Since the last few years the property rate in Mumbai has remained unchanged but the salaries of buyers have been increasing. This means which each passing year the flats in Vasai for sale and other India property Mumbai are becoming more affordable for the end-user. However most of the buyers still feel that Mumbai real estate market is over-priced and they hope that a price a correction will happen soon. Most of the sellers on the other hand believe that it is unlikely that market will see a correction but they also add that if the home loan rates come down in the coming months the end-user will be motivated to invest in even at the existing property rate in Mumbai.

Both buyers and sellers are speculating and making their own assumptions but only time will tell whose assumptions and calculations prove to be accurate and who is going to benefit in the long run.

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.

High Property Prices In Mumbai Force People To Look At Navi Mumbai For Investment

In the last few years, property prices in Mumbai have touched a new high forcing people in the city to stay away from the real estate market. India property Mumbai is discouraging buyers from making an investment in the city as buying India property Mumbai is proving to be very expensive. But not all is lost for people who are looking to buy a property sale in Mumbai. Although property prices in Mumbai are very high making India property Mumbai virtually unaffordable one can look to invest in Navi Mumbai, Mumbai’s satellite city.

In the last decade realty market of Navi Mumbai has shown an impressive growth. Flats in Kharghar and flats in Panvel are in high demand due to fast pace of development. Here the transactions of property sale are also much higher compared to Mumbai. The city of Navi Mumbai has taken a planned approach towards development. With Navi Mumbai international airport receiving the final nod the prices of flats in Kharghar and flats in Panvel have gone up dramatically, even the rental income has increased here.

Many people also feel that the India property Mumbai market has saturated as high property prices in Mumbai is not attracting investors anymore. On the other hand the property market of Navi Mumbai has been showing a lot of potential. Therefore while property prices in Mumbai have become increasingly unaffordable, Navi Mumbai till now offers numerous options for to people in the affordable range. Flats in Kharghar and flats in Panvel and several other residential housing easily fall within the range of Rs 30-50 lakh. So if you are looking to invest in India property Mumbai and your budget is low you can easily choose to invest in Navi Mumbai. Here it is easy to find a property sale which lies in the affordable and reasonable range.