Apartments in newly launched projects are going at lower prices as compared to prices of resale flats. According to a research report by Jones Lang LaSalle, an international real estate consultancy firm, home buyers in the Mumbai Metropolitan Region (MMR) prefer to buy freshly built flats, as builders are offering heavy discounts; nearly 15-35 per cent.

Older flats go into redevelopment, and hence are priced higher, say realtors. Pic for representation