Nearly 1 Lakh Flats Unsold in Mumbai. Prices Still Not Falling. Why?

Around 77,460 apartments remain unsold in Mumbai, Thane and Navi Mumbai region, says a recent survey from property consultant JLL India. This raises the question: why real estate prices are not falling in Mumbai. Ashutosh Limaye, national director (research) at JLL India, had an interesting observation to share: only 3.35 per cent of this inventory in Mumbai is actually completed or ready for possession. "That means buyers who do n...