Real estate prices in the city of Mumbai have escalated in recent months owing to the double whammy of high interest rates and policy deadlock. With no signs of prices cooling off, potential buyers are unlikely to witness any fall in property rates in the near future.

During such trying times. a few online portals are attempting to land bargain deals by aggregating online. Surprisingly, builders seem to be willing to negotiate provided a group can assure immediate cash flows through bulk booking. Newly launched website, http://dealmela.in has negotiated two such deals wherein buyers can join any of the listed groups and book a property at rates which are significantly lower than the prevailing market rates.

For instance, a pre-launch offer at Karjat, a distant suburb on the outskirts of Mumbai, allows buyers to book non-agricultural plots at Rs. 325 per square feet, far lesser than Rs. 399 per square foot being quoted elsewhere. Another listed deal offers flats at a bargain rate of Rs. 12,500 per square feet at Santacruz East in comparison to Rs. 20,000 per square feet, prices in the vicinity. Of course, pre-launch deals carry project execution risk. One ought to exercise due caution prior to commiting their hard earned money in any such opportunities.

Nevertheless, early investors can expect to make an annualised gain of 30% on investments at a prelaunch stage subject to timely completion of the project. Interested investors can log on to http://dealmela.in for details.