You are here

Mumbai's property market may see 20% erosion, says fund

Friday, August 7, 2015 - 05:50
BT_20150807_INDIA7_1813886.jpg
WAIT AND SEE: Mumbai home prices slipped almost 2 per cent in the June quarter.

Mumbai

HOME prices in Mumbai, India's most expensive property market, may plunge as much as 20 per cent over the next year as record-high prices dent demand amid a glut, according to the country's largest real estate fund.

Northern parts of the city will lead the declines as