Mumbai placed at 199 in list of 200 cities by per capita income

Read a report from Brookings Insitute.
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Top 3 Cities
1 Hartford North America 75,086
2 Oslo Western Europe 74,057
3 San Jose North America 68,141

Bottom 3 cities
198 Alexandria Middle East and Africa 2,248
199 Mumbai Developing Asia-Pacific 1,990
200 Cairo Middle East and Africa 1,989

So the question is: We have lowest per capita income, but highest real estate prices? All RE Bulls are immediate to compare Mumbai with New York, London, Tokyo, Singapore and Sanghai. While our income is just $1990 per capita. Are these BULLS cracking something???

Real estate BUY/SELL classifieds thread

Let use this thread to post classifieds for sale of apartments/houses/plots in India. I will pin this thread to the top so it can be accessed directly. Sellers please saleable Square Feet area, price and contact information. Buyers please do your due diligence before making the final purchase. Brokers can use this thread if they mention their commission percentage.  Please flag any trolls or undesirable postings.

Real estate BUY/SELL classifieds thread

Let use this thread to post classifieds for sale of apartments in India. I will pin this thread to the top so it can be accessed directly. Sellers please saleable Square Feet area, price and contact information. Buyers please do your due diligence before making the final purchase. Brokers can use this thread if they mention their commission percentage.  Please flag any trolls or undesirable postings.

Ajit Dayal on real estate prices in India

I think someone with some real guts pointed out why Real Estate prices in India are artificially kept high by Politician / Builder nexus.... The unfortunate thing is there is no outrage. All PSU banks have large amount of money to Builders, and not to needy folks who want to start business, generate employment, etc... GOI has given tacit support to such an act. This situation needs to come out, unfortunately Main Stream Media has not reported this in detail.



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