Wednesday, December 17, 2014

Affordability on Mumbai's Central Railway Corridor

Residential Apartment Affordability on Mumbai's Central Railway Corridor between 2008 vs 2014 is as shown below.

Rise in property prices has forced home buyers to move to suburbs which fits their income profile.
  • A budget of Rs.132 laths could buy property in Sion(E) in 2008, but only in Bhandup(W) in 2014
  • Family with pre-tax income of Rs 8 lakh can buy a house in suburbs like Ambarnath /Badlapur and Titwala
  • Ambivali has seen the highest Rise while Kurla (W) has registered the Lowest.

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