Property prices to remain stable in Mumbai: MCHI

Real estate prices in the metropolis, one of the most expensive realty markets in the country, are expected to remain stable in the near future, a top industry official said today.

“The real estate prices may remain stable as the new supply is not going to come in the market and construction costs have gone up substantially,” Maharashtra Chamber of Housing Industry (MCHI) President Sunil Mantri told reporters on the sidelines of a property exhibition here.