Housing societies in Mumbai are leveraging a strong developer market to demand significantly higher compensation and additional area for redevelopment projects. These inflated expectations, often 15-25% above market rates, are driven by a 'herd mentality' and a perception of a booming market, leading some credible developers to withdraw from negotiations.
from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/0chIJ8l
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