I fell off my chair when I read this some days back - an apartment in Nariman Point Mumbai was apparently sold at a rate of Rs. 60,000 a square foot! Just close your eyes and imagine 1 square foot area - enough for you to keep, well, one foot in it. 1333$ for that piece of land is nothing short of stupid, wherever in the world, let alone Mumbai.
The city has a few things going for it perhaps, but a lot going against it. Mumbai definitely is not worth such high prices. How can anyone afford it in a city of 13 million where over 75% can only dream of clean drinking water and a roof on their head?
It happens only in India!
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