Jun 22 2007
INDIAN REAL ESTATE TO LEAD THE GLOBAL MARKET
Growing the fastest in the world, real estate India price are well on their way to leave every other country behind, says the data revealed by Knight Frank and Citi Private Bank.
The real estate India, along with those in Russia and China has increased 40 to 50 per cent in the past few years. In comparison to this, London, witness a price growth of 30 per cent in the high end segment.
Residential real estate India prices are estimated to be going through the roof. Mumbai is known to have the most expensive residential properties, where an average per sq ft will cost Rs 50,000. This includes properties like the Chattan Bungalow on Malabar Hill or Sunita Apartments on Napean Sea Road, says Pranay Vakil, chairman of Knight Frank India.
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