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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.
This year 2015 has seen increase number of prospective home buyers to purchase new properties due to weakening borrowing costs, improving employment outlook and opportunity of affordable housing projects. According to a report by ZyFin Research titled 'New Home Purchase Sentiment Index', the regulatory changes including the recent Cabinet approval to the Real Estate Bill (Regulation and Development) are also expected to boost home buyers' sentiment further.