Property Prices are going downwards, more and more…

Just read in the news paper that Property rates went down to an alarming 33% for South Mumbai, considered Posh.

Its good that it is really happening. But as mentioned in the previous post, I cannot see a common man benefiting from the discounts. Coz for him, to arrange for 6 crore INR would not be possible in this lifetime. Those developers who build Luxary flats are offering discounts, however those who have not developed luxaries around their flats are not changing the flat rates.

Hope the things would change.

Christmas
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