Property market overview March 2012 - Mumbai
Mumbai, formerly known as Bombay is the Financial Capital of India. With the Indian Stock Market, the Reserve Bank and various corporate offices, Mumbai is a hub of commercial activities. It is the most populous city in India and Real Estate sector here is the most dynamic compared to other metropolis in India. The property prices in the city have been on an uptrend for a long time. Among areas, Andhari to Dahisar belt is the main property hot spot and sees maximum concentration among property seekers.
Top 5 localities in Mumbai on the basis of maximum real estate action are Kandivali (East), Kharghar, Mira Road, Andheri (East), and Goregaon (East). The average per square feet (psf) rate for the city is around 11,000/-.