MUMBAI - India's residential prices will fall by 30-35 per cent form the peak, while prices in Mumbai Metropolitan Region will fall by 20-30 per cent, says Centrum Broking.

Its research report on the Mumbai Real Estate Sector said that even though the decline in real estate prices in Mumbai will be relatively less due to less availability of land, with the correction in the prices, there will be a spurt in the demand.

“Owing to its geography and high population density, Mumbai has limited land area and demand for quality properties tends to far outstrip supply, resulting in high prices,” the report said.