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Bandra Region In Mumbai Sees 300% Rise In Flat Rates Over Last 6 Years

There has been some latest news about the costly real estate in Mumbai where the prices of the buildings are reaching a mind blowing amount. This real estate belt outside the island city has been known for unrealistic property prices even though there is an economic problem.

Bandra Worli Sea Link

Bandra Worli Sea Link

Most of us would assume that prices for real estate would fall down with the problems that the industry is facing. But, this is not what is happening in Bandra. The real estate properties in Bandra are trying to match the upmarket suburban enclaves of other known companies like Bandstand and Pali Hill.

Most of the prices here ranges from Rs 40,000 and Rs 60,000 and this was six years ago. Today, the price is estimated to be at Rs 75,000 which really surprises a lot of people.

0ne of the problems that you will also face if you are planning to have one of these properties is the upfront payment which is around 20% – 40% of your payment. Some would say that the only people who can afford these properties are those working with black money.

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