Confusion over long term investment prospects boost ready possession projects in Mumbai.
(Mumbai for Immediate release) Mumbai real estate market is witnessing boost into buying of ready possession or nearing completion projects as long term investment prospects in the city do not guarantee asset appreciation.
Netz Capital a real estate consulting firm advising investments in Mumbai and Pune has witnessed considerable growth in transactions post Modi government taking charge of the Government.
“We have witnessed over 100% growth in real estate investments in Mumbai market after the new government has taken control. However most the the buyers and investors are going for projects nearing completion or those already in ready possession with occupancy certificate status.” said Pravin Maske, Head-Real Estate or Netz Capital Advisors.
“Looking at long term prospects in Mumbai market is something that buyers and investors are trying to avoid considering peak rates in the market right now.” added Mr. Maske.
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