Why properties in Mumbai are expensive?

This is due to the consistent high demand, lack of developable land parcels and the resultant vertical residential growth across the city. If we talk about luxury real estate in general, villas up to 20,000 sq ft, priced above Rs 100 crore are quite popular among expats in localities, such as Worli and Juhu.

Who owns Antilia in Mumbai?

Mukesh Ambani
Antilia (building)

How much should you earn to live in Mumbai?

What salary is needed to live comfortably in Mumbai? Depending upon the standard of living, your average salary should be Rs 40,000 – Rs 60,000 per month.

Why are Mumbai developers able to keep residential prices so high?

The fundamentals that drive demand for homes in the city are the reason for Mumbai developers’ apparent ability to defy gravity and keep residential prices so high. The fact is that sales are happening for all the above reasons – and they will continue to happen.

Why is Mumbai’s real estate market still so volatile?

Mumbai’s real estate prices are never out of the news. From the sale of spectacularly expensive trophy properties in South Mumbai to the ever-widening affordability gap for middle class home seekers, the city’s residential real estate market is under a constant jaundiced limelight.

Is Mumbai India’s most expensive housing market?

Published May 10, 2016This article is more than 2 years old. There are many ways to describe Mumbai. India’s financial capital. Maximum city. The city of dreams. The city of seven islands. And as most who’ve lived there would surely know: India’s most expensive housing market.

How much does it cost to buy a house in Mumbai?

In Mumbai neighbourhoods such as Malabar Hill—which can be compared to Delhi’s tony Lutyens—they hover between Rs75,000 and Rs100,000 per sq ft. Generally, housing prices—besides construction and land costs—depend on demand and supply, along with factors such as access to transport networks, proximity to schools, and good public amenities.