Rising prices of Mumbai’s real estate has always made news. This week politician and actor Vinod Khanna bought the country’s most expensive 3-bedroom flat in Mumbai’s Little Gibbs Road on Malabar Hills. This luxurious flat in Il Palazzo cost him Rs 30 crore.
Earlier, in January this year a property analysis had suggested that rental values in Bandra-Kurla complex and capital values for commercial property are highest for Nariman Point. These property hotspots were ranked in the top ten list of global order.
Sample this, capital rates for residential segment in Marine Drive ranges between Rs 12,000-20,000 per sq ft. Even the suburban areas like Jogeshwari, Malad and Borivali command property price of Rs 4,800-6,500 per sq ft for residential segment. This is by far the highest property rate all over India. Property prices in Delhi’s posh areas like Model Town, Jor Bagh range of Rs 8,250 – 11,000 per sq ft.