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

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


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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