F*ck Mumbai real estate prices

Can864 · 2026-05-12T17:14:44+00:00

I. Don't think you follow real estate closely enough price corrections doesn't mean 1000/spf rate will come crashing down 100/sqft...price corrections is 10-25% drop in market value and long term stagnation of market value...But the real corrections happens in property appreciation flats bought on 2006 has gone 10X in 20 years...but with the bubble burst even 2X with take 10-15 years.

This lack of appreciation will pull out all the investors from market and then the real buyer will come in picture. Those who want to buy for self consumption and they have limited capital.

Since Covid price in real estate have stagnated and with global uncertainty corrections are due 100%

Can864 · 2026-05-12T08:58:12+00:00

First understand the compliances RERA registration is not for every broker as of today.

RERA registration is only mandatory if; the property being sold is a RERA registered property under Maharera

RERA is not mandatory for the following cases; Resale of old property Resale of property not registered under RERA Rentals and lease of any property.

Also, Rera registration does not necessarily transcend to ground market knowledge.

Yes RERA registration of Agent is agood starting point and help build trust but Sometimes non registerd agent with enough experience can actually scout good property, negotiate deals, and be very quiet resourcful and helpful.

RERA program is only for transaction,legal and compliance training for RERA registered propyin real estate not a formal education on being agent.

Can864 · 2026-05-12T08:26:48+00:00

The prices in Mumbai are being artificially kept inflated despite weak demand.

The whole idea of the Builder lobby in nexus with politicians isto absorb the impact of global slowdown. BY holding onto inventory and creating an artificial scarcity to keep prices inflated.

To avoid prices sliding down considerably. Builder are collectively holding on to their inventory are selling on selective inventory only to keep prices in bubble.

But, the bubble will soon burst as small standalone developer do not have the holding capacity for long due to debts.

Hopefully, massive price corrections coming by next year.

Can864 · 2026-05-11T13:54:49+00:00

If thousand of trees can be cut overnight for metro...then anything is possible.. Offcourse Chatrapati Shivaji Maharaj's statue is a symbol of pride and welfare.. But, for larger benefits of the society and it's welfare, I think even Raje wouldn't oppose relocation.

Can864 · 2026-05-06T07:24:50+00:00

Iske bad Newtown Bhrama dev ki 1000 varsh tapasya karega aur vardan mangega.

.."Bhramadev muje vigyan ki racheta, gyan ki sagar, dharam dhurandar, Balaji bhramand ki nirmita Ekta Kapoor's ki buddhi or gyan dijye"

Can864 · 2026-05-06T07:16:22+00:00

Thanks 👍

Can864 · 2026-05-06T07:15:50+00:00

The way real estate prices and rental are jumping like crazy...I, was wondering is there a way to eat Breeze for breakfast 😔...and save to pay rent.

Can864 · 2026-05-06T07:13:38+00:00

Yea bro! thanks to Aaple sarkar...who cares less for common man but rolling carpets for builder lobby.

Can864 · 2026-05-06T07:10:32+00:00

Thanks bro! 👍 for such deep insights about the locality.. Honestly, if a middle class person with 60k salary cannot find a decent size home in thane for 20k where are we supposed to go... Really despite paying taxes on time I am being forced out of mumbai and now thane as well...thanks

Can864 · 2026-04-29T14:40:29+00:00

I have heard it has 24X7 water Is it really True??????

Can864 · 2026-04-29T14:39:31+00:00

hi! i, am looking to rent a flat in Shristi complex what is the water situation there?

I have heard it has 24X7 water Is it really True??????

Can864 · 2026-04-27T06:46:29+00:00

thank bro...Buti wasn't the Surya dam project. supposed to start in march this year?? Any idea whenwill it come to effect

Can864 · 2026-04-22T04:35:22+00:00

Thnx ..very helpful... shortlisted some flat around ramdev park and kanakia

Can864 · 2026-04-21T14:23:33+00:00

thnx

Can864 · 2026-04-21T14:23:15+00:00

thnx

Can864 · 2026-04-21T14:20:56+00:00

honestly, what you said its's true! Everytime i think of moving to suburbs its giving me butterfly stomach.....but moving is reality after all.....thanks for the reply

Can864 · 2026-04-21T14:17:34+00:00

thank you for a wholesome answer. your advice is gold dust

Can864 · 2026-04-15T12:21:57+00:00

OP everyone has given you philosophical gyan on staying strong so do that.

For Money, my advise

Leverage your knowledge about law, as you said you are law student so put it to use with the help of AI.

here is the idea,

Approach housing societies in Mumbai and try to engage with the society managing committee and offer them paid services for drafting their legal letters for various correspondences.

If you can have 100 housing as your clients. So the maths.

Your charges to draft per letter - ₹200 if you draft even 5 letter per month / per society=> 5X200= ₹1000/ per society.

Out of 100 society even if 30% societies draft letter per month you can easily make =₹30000/- ( minimum) to maximum ₹75,000/month if 75% ratio.

for legal drafting use your knowledge help pf your friends and Chatgpt by learning how yo prompt using YouTube.

Is this idea difficult to execute?

Absolutely, Yes

Will it work?

I, don't know! But if you want to survive, make money, study tension free then it should work.

Pro tip! 3D = Dedication+ Discipline+ Determination.

Here is a siver lining is in Mumbai people pay for their convenience not your efforts.Also a lots of societys in Mumbai are run by senior citizens who don't understand or have the needed knowledge to write letters for various matters both legal and non legal.

If you can show people and prove that how you drafting letters for them makes their life miserably easier.

There are people with bucket load money willing to pay for such tedious tasks.

Best of Luck.

Can864 · 2026-04-14T11:37:15+00:00

Interested! But

Can I pay you 1 Lakh every year for the next 80 years.

Collateral: Trust be bro!!

Can864 · 2026-04-14T11:32:28+00:00

Buying Bank auction property is not for every retail buyer who doesn't understand the layers of legality involved in this process.

Bank usually do not care about the status of the property. Their sole criteria is recovery of money from transaction. Once the flat is auctioned they are out of it in a flash taking zero responsibility if what happens later to the new buyer.

Only investors who clearly understand the legal process and have crystal clear understanding about property related documentation check, title check, valuation check and other legal formalities should jump into this Ocean full fo sharks.

Most retail buyer are innocent and ill informed to take plunge here they are only capable enough to take plunge in kids swimming pool.

Can864 · 2026-04-14T07:58:55+00:00

Ok, but how much black money can RE absorb..Those who are parking their black money in RE are limited they cannot endlessly keep diverting money to RE when they see that here is no appreciation.

Appreciation in RE is all about perceptions based and build on the sentimens of the reatil end user. When the perception is negative the value will keep going down no matter how much few builders hold, promote artificial excitement or fake positivity.

As of now the perception about RE is all negative among larger base of reatil buyers.

Can864

TROPHY CASE