Due to higher prices in Mumbai home buyers delaying purchase

IndiaProperty.com has said in the finding that gradual property sales and inflated pricing has triggered buyers in Mumbai postponing their property buying decision considerably producing an inventory pile-up involving 46 months.

The finding furthermore said that majority property buyers in Mumbai are trying to find homes ranging up to 30 lakhs. The survey captured the home and property trends within Mumbai MMR location.

IndiaProperty.com analyzed information across localities in Mumbai to arrive at the top favoured destinations by simply home buyers within the city. The data also identified the very best investment destinations throughout the Mumbai region.

Here are the discussed highlights of the study by IndiaProperty.com about Mumbai region

-During the first 50 % of 2015 the govt has initiated quite a few infrastructure projects that could drive sales all over Mumbai region such as Coastal Road Project from Nariman Point to Kandivali, clearance involving Navi Mumbai International airport.

-The top investment destination across Mumbai contain Panvel, Kalyan, Nalasopara, Kharghar, Mira Road, Dombivli, Kamothe, Ulwe and Sanpada.

– The Maharashtra Government plans to develop Mumbai as the gaming and animation industry hub – leading to job creation and investment opportunities and thus increasing the require for residential and commercial units

– A different 200% FSI (Floor Space Index) for IT parks thereby reducing the rentals for commercial properties.

Source : FinacialExpress.com