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

Fri, Aug 07, 2015 - 5:50 AM

WAIT AND SEE: Mumbai home prices slipped almost 2 per cent in the June quarter.

PHOTO: BLOOMBERG

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...

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