Post by walter on Jan 11, 2013 3:29:13 GMT -5
Mumbai is one of the biggest emerging economies in the world. Real estate prices in Mumbai have seen a huge price surge since the Global Financial Crisis. Since the surge there are numerous concerns about the posibility over housing bubbles mainly fed by concerns over the fact that the masses are not able to afford the expensive housing that is being built. Mumbai is turning in to one of the most expensive cities to live in. In 2011 the Indian government took measures to deal with rising real estate prices in Mumbai. Those measures left many of Mumbai’s developers with fund shortages. Over the last years a lot of new projects started. Some experts are deeply concerned about an oversupply in this year and the next (2013 and 2014). They predict that the Mumbai property price will fall in the near future.