Property oversupply may lead to 20% decline in capital value: Piramal Fund Management

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Property oversupply may lead to 20% decline in capital value: Piramal Fund Management
06-August-2015

Observing the flagging demand and high residential inventory, Khushru Jijina, Managing Director, Piramal Fund Management, believes that home prices in Mumbai might fall by 20 per cent by the next year. He further elaborated that the norther suburbs of Mulund and Thane will lead the property price plunge. It is bound to take a minimum of 45 months to sell off the unsold inventory in the financial capital as opposed to 41 months in the rest of the top cities....


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