Mumbai, is the mega metropolitan, magnificent city of 18 milion people within 437 square km radius. The skyline of Mumbai, time again and again, has been compared to that of manhattan, New York. the transformation is underway and redevelopment hold the key. Mumbai, being an island city, is in need of high-rises, as they pave the way for more realty stock. The new government is indeed taking welcome steps to accelerate housing growth. The easing of norms to develop high-rises near the coastal area will ensure more space, be it for housing or recreational purposes, which is indeed the need of the hour.
Mumbai`s real estate is among the most expensive in the world.
Sunder Thadani. 20170401.
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