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City's poshest homes now cheaper, but...
Updated On: 23 May, 2009 07:52 AM IST | | Varun Singh
Despite 20 to 50 per cent fall in real estate prices in best buildings, buyers still play the waiting game
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Despite 20 to 50 per cent fall in real estate prices in best buildings, buyers still play the waiting game
Owning a house in Malabar Hill or in Andheri's posh Lokhandwala area has probably been a distant dream for many Mumbaikars, as real estate prices in these areas were sky-high.
But since October 2008, the rates in these and other posh areas in Worli, Prabhadevi, Bandra, Juhu and Versova, have dropped by a significant 20 per cent.
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No takers:u00a0 Areas such as Lower Parel that were asking for nearly Rs 28,000 per sq ft till a few months ago have come down to Rs 14,000. Read Next Story Trending StoriesLatest Photos |
