If you are looking for affordable housing, MCHI Budget Property 2009, a three-day property exhibition at the Raghuleela Mall in Kandivli, is not your destination.
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Unaffordable: Builders and visitors at the MCHI Budget Property 2009 exhibition, Kandivli, disagree over what constitutes reasonable realty rates |
Added Rajeshwari Kuckian, an executive with a leading financial firm, "With the economic slowdown, I was expecting a fall in pric- es, but didn't find a single builder offering reasonable rates." Of the 30 stalls in the exhibition, only one builder offered a one room-kitchen flat for Rs 6 lakh in Virar.
According to real estate market analysts, there is hardly a drop in property prices. However, builders tend to disagree. "The prices have dipped and we are offering flats at affordable rates," said Sunil Bafna of Rishabh builders.
For Video: https://www.mid-day.com/news/2009/jan/170109-Builders-visitors-MCHI-Budget-Property-2009-exhibition-Kandivli-video1.htm
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