Thursday, February 05, 2009

Mumbai Realtors Start Dropping Prices to Unload

Developers in Mumbai have started unloading properties across the city at whatever discount they can push it off the block. Here is the latest comparison between Oct-08 and Jan-09 prices in key pockets as showcased by developers in the ET Realty Expo.

Godrej Properties
Planet Godrej, Mahalaxmi 35,000-39,000 25,000 -32%
Godrej Riverside, Kalyan 3,000 2,250 -25%

Kalpataru
Ghatkopar 8,200 6,600-6,800 -18%
Andheri (E) 10,000-12,000 8,650 -21%
Riverside, Panvel 3,800 2,800 -26%
Kalpataru Towers, Kandivali (E) 7,700 6,500 -16%
Kalpataru Gardens, Kandivali (E) 7,900 6,600 -16%

Royal Palms
Goregaon 6,500-7,200 4,000-4,800 -36%

Lok Group
Nirman, Khar (W) 20,000 15,000-18,000 -18%

Rustomjee

Elanza, Malad (W) 9,000 9,000 0%
Urbania, Thane (W) 5,000 3,330 -33%

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