Property prices in Mumbai soar almost 50% in 12 months, new figures show

Discussion in 'India property' started by Nicholas Wallwork, Oct 14, 2010.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    Residential real estate prices in Mumbai, India’s financial capital, are soaring with the average cost of a property now at an all time high. The average cost of a flat in the city has increased by 49% over the last year to Rs 1.91 crore, according to figures put together by the real estate research [...]

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  2. coordinates

    coordinates New Member

    Oh my GOD. If this is the case, then how can a common man survive in a metro like Mumbai?
     
  3. sharma

    sharma Banned

    so what do you think is it the right time to invest !! "only for investment purpose" and wait for 5 years , would the rate increase with the new government ?
     
  4. shilpa

    shilpa Banned

    New Government has to show concern on middle class people, they have to take some major decisions which could help a common man. otherwise to buying a property in India will be a dream for a common man.
     
  5. Shivashish

    Shivashish New Member

    In this case how can a simple man survive in a metro like Mumbai?
     
  6. westernheights

    westernheights New Member

    Its not the case with only Mumbai but same situation you will find in Delhi, Noida, Ahmedabad. Its because of unnecessary real estate boom created by the real estate developers and as per my view real estate balloon will soon get blast within a year and prices will go down.

    According to the new government formed in India they declared some huge tax implementation on empty property from next financial year.
     
  7. rubina2013

    rubina2013 New Member

    Its difficult to lead a life in mumbai, Govt. should take a look on Real estate market
     
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