Friday, June 29, 2007

Mumbai Real Estate-Price Hikes

Mumbai has always been the leader in the indicative property prices of real estate India Mumbai as such has always been in the vanguard when it comes to property prices. In the recent years a record rise in property prices at par with some of the highest real estate prices in the world.


The property prices as well as the increase in rental values in Mumbai owe much of its credit to the large scale investments in the commercial sector. Mumbai has always been preferred for most of the corporate sector to have their headquarters in the city. There has been increasing demand for office space; which have therefore created an imbalance in demand and supply for residential properties. The rental values in Mumbai have also in high corresponding to that in other cities.