Mumbai Residential Property – Striking A Balance : Ramesh Nair, COO – Business, Jones Lang LaSalle India
Reduce Unit Sizes To Improve Affordability Mumbai has a high residential inventory of 67,000 units, equal to sales of 34 months. While the underlying demand is strong, it is not being converted into transactions due to the high property prices. From a developer’s point of view, low absorption is a source of worry; however, due …