Mumbai’s real estate has its own story. Prices here are as volatile as those on the stock markets. Nothing comes as a shocker anymore, not after an apartment at the NCPA, which during construction had commanded a price of Rs 5000 per square feet, sold at over Rs 100000 per square feet.
But this bubble is simply not ready to burst. Small and sharp fluctuations notwithstanding, prices continue to head northwards. There is just no land left,whether it is Dombivali, Mira Road, Bhayander. The movement is now upwards, with 40-storey buildings increasingly becomibg the norm. At least one, somewhere in wadala, will be 100 floor. Not yet The Burj, but getting there!