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Cost of apartments in Mumbai is Rs 2.6 crore in average

The cost of apartments in Mumbai has been increased rapidly. As of date the average price of an apartment in central Mumbai is approximately Rs 2.6 crore.

The rise is recorded as 20 % compared to the price of apartments in the same time last year.

The average cost of apartments in the municipal limit of Mumbai was Rs 2.1 crore as last year (March 2011).

Though is reported that the cost of apartments in Mumbai is still affordable compared to the world’s real estate market.

Many builders are offering reductions in pre sales offer to improve the inflow for the projects.

The cost of apartments in Mumbai are increasing as the builders are investing most of the funds for acquiring new land rather in the construction of the launched apartments.

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Source: Express India

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