Mumbai homes 10th most costly in world

Q: Do you know that Prime Residential Property in Mumbai is the 10th costliest in the world. The current rate of residential property is Rs 61300 a sq-ft.

Praveen Modi, Mumbai

10th March 2015

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Replies (2)

@mathur,
In London's St John Street, Clerkwell, a 700 sq-ft apartment could cost $1.3 million. A 1500 sq-ft apartment in West Street, Manhattan, could be had for $2.7 million while a 700 sq-ft flat in Hong Kong's Sai Ying Pun neighborhood could fetch $1.9 million.

Hitesh, Gurgaon

10th March 2015

Comment

This is because the falling oil prices should free up more capital to be spent on consumer goods, which should in turn present more property opportunities to feed the increasingly hungry private investor.

N.Mathur, Delhi-NCR

10th March 2015

Right Praveen,
Prime residential property in Mumbai is more expensive than Dubai where the average price of prime residential is Rs 40455 a sq ft,

Rajatrawal, Mumbai

10th March 2015

Comment

The 5 global prime residential hotspots are London, New York, Cape Town, Dubai and Hong Kong. In which Monaco heads the list with a per sq- ft cost of Rs 3.39 lakh.

N.Mathur, Delhi-NCR

10th March 2015