Chinese Phrase explains Mumbai Realty

“You Jia Wu Shi”

which literally means

“The price remains high but there is no turnover”


One reply on “Chinese Phrase explains Mumbai Realty”

But for how long prices would remain high – artificially. It has to weather the market forces. Developers and investors cannot keep on asking for artificial high price because of interest burden and/or lost other business opportunities. Besides this, Govt’s / RBI’s crackdown on money laundering would also eventually put pressure to reduce the rates.

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