Residential property prices in Mumbai have come down significantly. Check out where the property rates were in October 2007.
The infrastructure projects taking place in Mumbai are going to raise the quality of life in Mumabi. However, there is another trend happening. Navi Mumbai and the corridor between Mumbai and Pune is booming. If the jobs move over to these new regions, then it is not clear if the demand for the property will hold up.
Here are the developments to track in Mumbai infrastructure.
- Mumbai eastern freeway
- Bandra Worli sealink
- Mumbai Metro and Monorail
- Sewri Nhava Sheva sealink
Here is the growth story just outside of Mumbai.