You are among those few lucky people who bought a house when the prices were within the reach of salaries people….but now how can we justify 1 crore rupees for 2BHK flat at Andheri? The same goes above 70 lacs in Borivali/Kandivali!!…..I don’t think that the builders would be able to sustain these prices for longer time….Even some people who had bought properties in Mumbai mostly NRIs are selling their properties as buying properties in western countries have become cheaper than in cities like Mumbai…..Some internal migrants who are using rented flats are relocating to their native places/other cities due to higher cost of living in Mumbai and growing employment opportunities in Tier 2 cities….
