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@mikethebike Read here that one of the possible reasons is erosion of margins for the developer - stands around 8% today vs 30% during 2005-06. Source: https://timesofindia.indiatimes.com/city/mumbai/flat-sales-down-yet-prices-stay-up-due-to-high-taxes-premiums/articleshow/69191878.cms

Despite all the talk around 7 lakh unsold units, why aren’t prices falling?