Mumbai Reatly - Decline + Fall

The following chart [by Centrum Research] shows how Mumbai's Realty has faired over the past 16 years.
Centrum in the same report further makes a modest assumption of Realty prices correcting by 15% to 10% over the next 2 years while evaluating investment case for Mumbai focused realty companies like HDIL and Orbit.

We present Residential Realty prices for few areas with the best construction in INR / SFT for FY08, FY09 and FY10

• Cuffe Parade 40,000 - 36,000 - 34,000
• Worli 25,000 - 22,500 - 21,375
• Bandra 20,000 - 18,000 - 17,000
• Borivali 6,000 - 5,400 - 5,000
• Thane and Vashi 5,000 - 4,500 - 4,000

Commercial Realty Prices with the best construction in INR / SFT for FY08, FY09 and FY10

• Nariman Point 38,500 - 34,650 - 31,000
• Worli - 33,000 - 29,000 - 26,000
• Andheri 17,600 - 15,840 - 14,000
• Malad - 13,200 - 11,800 - 10,600
• Vashi - 5,500 - 4,950 - 4,450
• Thane - 6,600 - 5,940 - 5,400