So, it’s tough to say ‘will Mumbai real estate crash’. Different people have different opinions about this. Some say that real estate will crash and some that purchasing a home in Mumbai will be more expensive. Let me share my opinion on are real estate prices going down in Mumbai. This is my perspective, and I am making no claim regarding this.
Buy properties in Mumbai at a reasonable budget through NoBrokerWill real estate market crash in Mumbai?
Mumbai is the financial capital of India. Investors are always looking for options to invest in real estate sectors in Mumbai.
So, there will always be a demand in Mumbai for real estate sectors.
Unfortunately, Mumbaikers with a decent income cannot think of purchasing a house in Mumbai. Investing in property coming from a middle-class family can be difficult. Someone from the middle class has to take a home loan if they want to buy a house.
Normal 2 BHK flats cost around Rs. 2 crores. Imagine getting a home loan and paying interest for Rs. 2 crores. It’s like becoming a slave to the bank.
People migrating to Mumbai for jobs would definitely look for other options. For example, someone like me would think of purchasing a property in different cities such as Bangalore, Hyderabad, Pune, Delhi, and Kolkata.
But anyone living in Mumbai would think of purchasing a property here even if they have to spend their lifetime savings.
On the other hand, Mumbai is the land of cinema. A-listed celebrities would always invest in properties here.
In conclusion, I would say that labour will become more and more expensive and doing any business will become expensive. The demand will be there to purchase the property. So, Mumbai real estate won’t be crashing anytime soon.
This was all about will real estate prices fall in Mumbai. Hope my posts on will Mumbai real estate crash helped you.
Read more: How to buy house in Mumbai? How to buy flat in Mumbai? What is cost of interior design for 2bhk flat in Mumbai?Your Feedback Matters! How was this Answer?
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Will Mumbai real estate crash?
Vaani
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1 Answers
1 Year
2023-01-02T11:37:52+00:00 2023-01-02T11:37:53+00:00Comment
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