35% hike in Mumbai property prices in two years
A study conducted by a real estate portal reported that property prices in Mumbai and its metropolitan region have increased by 35% in the last two years.
Regions such as Dombivli and Ghodbunder Road in Thane witnessed the highest price rise of 66% and 54% respectively while South Mumbai prices were weak.
According to the survey, Dombivli (E) registered almost 66% price rise while Ghodbunder Road, Thane (W) and Kalyan (W) witnessed 54%, 50% and 49% rise, respectively.
Kamothe and Nerul in Navi Mumbai saw 54% and 45% price rise, while Panvel witnessed 29% appreciation in its property prices. Whereas South Mumbai saw only a marginal rise. Parel and Worli witnessed just 17% and 12% increase. Juhu registered a 39% price rise while Bandra (W) and Khar witnessed 28% gain. Suburbs places like Bhandup (W), Mulund (W), Powai and Mira Road witnessed price appraisal within the range of 44% to 49%.
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