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Inventory piles up in Mumbai residential realty on muted demand

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Mumbai’s residential real estate market is perhaps going through its worst phase. (AP) Mumbai’s residential real estate market is perhaps going through its worst phase. (AP)
SummaryMumbai’s residential real estate market is perhaps going through its worst phase.

with lower demand from clients due to the economic uncertainty. This will put pressure on prices in the medium term and the scenario will last till the general elections of 2014," says Mudassir Zaidi, national director, residential agency, Knight Frank India.

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