Downfall in Mumbai property rates despite growth in high rise projects - 0 views
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Purvi Joshi on 13 Sep 13The global economic meltdown has incessantly led to slump in property rates of major cities across the nation, Mumbai, the commercial capital of India, being one of them. However, inspite of rising inventory and steady decline in Mumbai's real estate market, multi-storeyed projects in the city has witnessed an escalating path. Key developers and builders in Mumbai have been coming up with a slew of multi-storeyed projects in the city, with the approval of the highrise committee of BMC.