In areas like Borivalli, the rates may vary from Rs.3,500 to 7,000 per sq ft, depending on the location of the office or mall, while in New Bombay, prices range from Rs.2,000 to 5,500 per sq ft. Other areas on a high are Nariman Point and even Andheri East, with a whopping 30% appreciation in real estate capital values over the last few years. Some analysts opine that these areas as have now reached saturation levels in terms of property prices and realty speculators are scouting for other unexplored areas around Mumbai.
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Source IIPM-Editorial,2006
For Complete IIPM-Article, Click On IIPM-Viewpoint
Source IIPM-Editorial,2006
