The Economics Of Mumbai’s Shanty Towns

July 22, 2013 in Daily Bulletin

You might want to consider getting in on the Mumbai shanty real-estate market while you can writes Divya Sathyanarayanan:

  • A house in a shanty-town of Mumbai costs about ₹31,000 (US$ 520) per square feet.
  • In contrast a house in a posh central area of Mumbai can be had for as little as ₹23,000 ($390) per square feet.
  • In fact even as Mumbai’s wider property market slows down, sales of slum-houses have increased with prices almost doubling.

Read more about the quirks of the Mumbai housing market over here.

Source: The Economic Times

Via: Marginal Revolution