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> There is potential for drastic fall as per the unsold inventory which may take over 7 years

I have been hearing that for the last 7 years.




Its not quite out in the open yet, but it is happening when you sit on the table and negotiate. A prime builder in the most prime location (BKC) is offering nearly 30% off on initial quote after a few rounds. There is humongous over supply in areas like Goregaon and Worli/Lower Parel. As per industry sources there is very little movement for properties north of INR50m which is essentially every apartment >=2br south from Bandra onwards. Builders like Oberoi have still not managed to sell flats which have been ready for 3-4 years in Goregaon, resulting in the recent 25% * 4 years scheme. It's a matter of time till they capitulate. Even otherwise, if they stay at old rates, they're effectively falling on account of inflation every year.


Depending on context, does the potential for an event go away when the event does not occur for a long time? Much of the time I'd say that that has no information value whatsoever, and sometimes it may actually signal worse to come. So by itself I would claim the piece of data that you mention, accepting it at face value, is meaningless.


There is also a clear change in the sales pitch. 4 years ago the pitch was about "investing". Now its about "end use". Clear sign of ending of investor fueled bubble.




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