Tag Archives: Mumbai Real Estate

Report: Mumbai Tops Shanghai as Least Affordable City

Apr. 13 – The average Indian working in Mumbai would need to save every rupee of their income for over 300 years in order to purchase a decent-sized apartment in a prime location in the city, according to a cost of living report recently released by Knight Frank LLP and income estimates based on purchasing power parity made by the U.S. Central Intelligence Agency. The report shows that a 100 square meter luxury residence in downtown Mumbai costs about Rs. 5.8 crore, or slightly over 308 times the average annual income in the city. Meanwhile, the average worker in Shanghai … Continue reading

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