REAL ESTATE PRICES IN
MUMBAI – A RODINHOOD
Map of Mumbai
prices of real
Notice the blue
feet price in
the bottom left
of the map.
If you live in Mumbai, I am sure all of you have
noticed the oft published 'real-estate' price charts
that the daily papers publish.
I have been staring at them for a long time now
and have been trying to explain a thesis to my wife
Chhavi to justify a real estate decision I made a
few months back :)
Today, I decided to 'Mapify' this thesis (since real
estate sits on a map) and decided to share it with
Apartments in Cuffe Parade (the southernmost tip of
residential Mumbai) are routinely selling for Rs. 88,000-
100,000 per square feet. The same rate applies to
apartments in a building like Samudra Bhavan at Worli and
many iconic buildings in Malabar Hills, etc.
My theory is that the price of real estate in Mumbai gravitates
from the south and radiates upwards and sideways in an
pulsating fashion (slowing down as it goes farther). See the
faint dotted blue arrows.
As South Mumbai continues to climb, so also other areas go
up, in a ratio directly proportionate to their distance from
Prices in South Mumbai ARE CHEAP! The 'iconic'
addresses in Manhattan, New York and in the West End in
London sell for 10 lac per sq. feet; so South Mumbai has
space to creep vertically upwards, as it has done for the
past 3 decades.
CONNECT WITH ME & TELL
ME WHAT YOU THINK? !!
Source of Real Estate
Prices in Mumbai as
published in the Times of