All you need to know about Mumbai's residential market
The current edition of the 'Economy & Realty@Glance' from Knight Frank India reveals a detailed performance analysis of Mumbai's residential market. Check out the the key highlights of the report.
December 01, 2011 / 16:14 IST
The current edition of the 'Economy & Realty@Glance' from Knight Frank India reveals a detailed performance analysis of Mumbai's residential market.
Here are the key highlights of the report: - Approximately 63% of the total unsold inventory is concentrated in the Peripheral Central Suburbs, Thane, Navi Mumbai and the Western Suburbs beyond Borivali.
- Unsold Inventory has also doubled in the Western Suburbs, Navi Mumbai and the Peripheral Western Suburbs since Q2 FY11 to approximately 30% levels.
- Rental yields are expected to rise as residential prices correct and owners compensate by increasing rental rates.
- The report also gives a quick glance on the Draft Real Estate (Regulation & Development) Bill.
Read the attached document for the complete report of Knight Frank India's 'Economy & Realty@Glance'
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