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Property prices in Mumbai set to increase 20%

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Property prices in Mumbai set to increase 20% - property prices - Mumbai


Mumbai home prices could rise by 15 to 20 per cent every year over the next five years due to heavy demand from buyers, shows a new study by a unit of ICICI Home Finance.



The study revealed, though residential transactions had been slow, a pick-up had been noted over the previous financial year and prices in Mumbai might continue to see an upward trend over the one-year period and grow in double digits in the next five years, says the report by ICICI Property Services.



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