April 23, 2008
India’s growing popularity as the latest commercial hotspot is slowly turning out to be a bane for all those seeking land in the financial capital of Mumbai. The ever burgeoning real estate market in Mumbai had been blessedly sluggish for the past few months. Though the property prices never came down, the rate of increase remained low – as low as five per cent in areas of Vashi, Goregaon and Thane. However with more and more premium commercial establishments waiting to be constructed, property rates in the financial capital are expected to rise by about 50 per cent or more.
