India, May 26 -- Mumbai, India's most expensive real estate market, continues to command premium property prices. However, the monsoon season-stretching from June to September-poses seasonal challenges for the sector. The slowdown during this period has less to do with a drop in demand and more to do with limited site visits, as heavy rains severely impact mobility across the city.
Persistent waterlogging and flooding in key areas such as Gandhi Market in Sion, Hindmata in Dadar, and Milan Subway in Vile Parle disrupt daily life, discouraging prospective homebuyers from visiting properties. As a result, property transactions tend to dip during these months, even though underlying demand remains strong.
Real estate consultants point out ...
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