Mumbai residential real estate prices stabilise in the second quarter
Mumbai, October 3, 2006: According to real estate services firm Colliers International, the premium residential market in Mumbai appears to have stabilised in the second quarter with pricing remaining steady without an upward trend. 
Cuffe Parade and Malabar Hill commanded the highest capital values at Rs.35,000-Rs.40,000 per sq.ft. The market saw an increase of 6-10% in rental values while capital values remained steady.
Property prices (capital and rental values) for benchmark areas in Mumbai such as Malabar Hill, Nepean Sea Road, Cuffe Parade, Worli, Prabhadevi, Bandra, Khar, Santacruz, Juhu and Andheri are provided below.
Click on image to view chart.
By INRnews Correspondent
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