Here is Mumbai's
Residential Price Index as published by Kotak Research with 1993 as the base year.
![Mumbai Residential Realty Index](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqlKjm8C5SWdQaotrNtJ1CXwBRl66JLo3ZygC6tGA4T8jFdcdBcL96PBfvUVudSZoQ85j844uzBlYHbONF3E_TkatNBfgYHyn8NpRe7XZt1YqH2CIA0VUXPMehhs74b-aOrx2W/s400/mumbai-realty-index.PNG)
And in between 2003 and 2008, the NSE Index went from
900 levels to 6,000.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQv5_q9G2vGc82gjPag8SVnsIsknxBb2LxkiC1hRYcfHpTHwhfdqnv0_fktzCWIc2kICmLzmF5Z3MrHWvcC6X-VB4wnSht_n4ChHD4I8QAeL-qvhfBsfr6FUhs01Tbu66NoO9h/s400/_nsei.png)
So sure Mumbaikars made lot of money on the NSE which later flowed into Realty. Now that NSE has melted down, what will be the Reality in Realty ?
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