Mumbai Vs Chennai.

Premshree’s (品速力) Personal Weblog tells us some peculiar facts about Mumbai and Chennai.

In Mumbai he tells us –

In Bombay, the higher up your house the more you pay. For example, in one of the places we’ve looked at, there’s a floor rise cost of INR 20 per sq. ft. So, basically, a 1000 sq. ft. flat in the 17th floor would cost around INR 300,000 more than the flat in the lowest floor (2nd).

Where as in Chennai –
The higher up you go the cost decreases.

Read the full post here.

I found this quiet peculiar on how real estate economics in different Indian cities in India are so different.
May be my fellow Metrobloggers in Chennai could confirm this peculiarity for us.
What is the case in your city ?

3 Comments so far

  1. Suyog (unregistered) on April 10th, 2006 @ 12:52 am

    In Bangalore, the situation is similar to Mumbai. If you are late in approaching a builder for a hot property, all you will get are the ground floor and first floor flats at much cheaper rates compared to the top level ones. I guess the main reason why the these are more expensive is the better natural light and ventilation.


  2. Akshay (unregistered) on April 10th, 2006 @ 12:37 pm

    Suyog – I think water must be a problem in Chennai therefore the pricing. I can’t think of any other reason why ?


  3. arZan (unregistered) on April 21st, 2006 @ 10:53 am

    I think water must be a problem in Chennai therefore the pricing. I can’t think of any other reason why ?

    or the view aint so great !! :)



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