| Click here to see Mumbai map |
In the past 17 months we have captured the pulse of property market across 35 cities giving you details of price, location, projects and market projections. We end the series by revisiting the city we started with—Mumbai.
Some upcoming projects that could influence real estate prices in future
Road Projects
Six-laning of Jogeshwari Vikhroli link road, widening of Santa Cruz-Chembur and Ghatkopar-Mulund roads and flyovers at Jogeshwari, Vikhroli, Kurla and Mumbai Trans-Harbour link are planned
Transport
Construction of a fifth railway line from Borivali to Mahim, additional tracks from Thane to Kurla and Borivali to Virar will increase carrying capacity of suburban trains by 35%
SEZs
Navi Mumbai SEZ and Maha Mumbai SEZ will create organised commercial and office space development in the city. The location is close to the airport, port and the Mumbai-Pune Knowledge corridor
Navi Mumbai Airport
The new airport (scheduled to be completed by 2012) along with the two SEZs will make Navi Mumbai a business hub
The city has grown along the northwestern and north-eastern axis along the main rail and road arteries. But with the creation of an east-west corridor and improved connectivity, peripheral areas like Thane and Navi Mumbai will benefit
| Click here to see the metro route |
First phase of the project (2007-11) covers three corridors: Versova-Andheri–Ghatkopar (11.07 km); Colaba-Bandra–Charkop (38.24 km) and Bandra-Kurla–Mankhurd (13.37 km)
With developers focusing on premium projects in city areas, new projects have shifted to suburban locations like Navi Mumbai.
| Builder | Project | Location | Price (Rs)* |
| Arihant Universal | Arihant Aradhana | Kharghar | 47 lakh |
| Lakhani Builders | Lakhani’s Suncoast | Navi Mumbai | 70 lakh |
| Hiranandani Dev | Canary | Thane | 74 lakh |
| Kalpataru Properties | Kalpataru Aura | Ghatkopar | 80 lakh |
| RNA Builders | RNA Sapphire | Andheri (W) | 1.3 crore |
| *Average price of a 2-bedroom apartment | |||
As rentals have peaked in the central and western suburbs, locations like Navi Mumbai and Thane are emerging as new centres.
Malad, Powai — 34%
Andheri,Vile Parle, Jogeshwari — 24%
Thane, Navi Mumbai — 20%
Bandra Kurla Complex, Kalina — 14%
Worli, Lower Parel, Prabhadevi — 8%
Total new office space by 2008: 15 million sq ft
| Area | Cheap | Price | Expensive | Price |
| Central | Wadala | 6,000 | Dadar (W) | 12,000 |
| North | Dahisar | 3,500 | Kandivali | 7,000 |
| East | Navi Mumbai | 5,200 | Thane (W) | 6,500 |
| West | Goregaon (W) | 13,000 | Vile Parle | 25,000 |
| South | Girgaon | 11,000 | Nepean Sea Road | 35,000 |
| Prices of new residential properties in Rs/sq ft | ||||
Average percentage price change in 2007 and 2008 (expected)
| North 2007: 25% | East 2007: 30% | West 2007: 35% | South 2007: 20% | Central 2007: 25% |
Source: Ernst & Young, Knight Frank
