| In an indication that economic slowdown is hitting hard the property market in India’s financial capital, property sales and purchase agreements fell sharply in Mumbai during January-May. However, leave and licence deals registered with the department of stamps and registration shot up during the period, official data showed.
Realty industry officials say people prefer a fixed monthly lease rent than buying new houses and paying equated monthly installment, which are volatile due to changing interest rates and cloudy market conditions...............................................Full Article: Source
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