The prices of premium apartments in Mumbai are now on a par with some parts of New York, according to a new report, underscoring the rapid rise of wealth and property prices in the country’s financial capital.
Apartments in Mumbai’s high-end Worli area are priced at as much as 100,000 rupees ($1,109) per square foot, equal to realty pricing in New York’s Lower Manhattan, the report by Indian real estate consultant Anarock Group and wealth management firm 360 One Wealth said.
The prices indicate how more of Indian wealth is now getting invested locally and driving up prices in ...
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