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Luxury homes in some Mumbai areas see steep correction

Luxury homes in some Mumbai areas see steep correction

Monday, March 13, 2017, 5:03 PM

The prices of new premium and luxury homes in certain pockets of Mumbai fell as much as 12% in the past two months after demonetisation impacted the real estate market, brokers and real estate advisors said. According to estimates by Magicbricks, prices of premium and luxury homes have dropped 5-8% in areas with a large stock of completed projects.
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