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Investor interest in Navi Mumbai, Thane properties on rise: CBRE

Posted on 19 September 2012

Investor interest in property developments in Navi Mumbai and Thane has been on the rise in the backdrop of proposed development of international airport and other infrastructure projects. High interest rates and unaffordable prices in Mumbai and its suburbs are also key reasons for investors to focus on relatively affordable projects in Navi Mumbai, said property consultant CBRE.
Given the growth in investor appetite for these relatively affordable projects, property prices in these suburbs have moved up 7-8% between July ‘11 and June ‘12, according to a report by the property consultancy firm………………………………………..Full Article: Source


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