Construction boom in mumbai. Review on Mumbai Metropolitan Region Development Authority

This is a general review

The housing industry in India is enjoying the benefits of the economic reforms that have helped maintained stability in the sector.The Mumbai real estate market is witnessing brisk construction activity ,with skyscrapers coming up all over the metropolis.the frantic pace of construction evident in Bombay gives the impression of a boom town,but prices are holding on real estate prices are not stagnant.infact ,in many of the posh places Malabar hill,warden road,cuffe parade –apartments are changing hands at huge premiums,some almost touching rs 30000 per sq ft range. Some new buildings in south Mumbai and apartments fetch prices ranging from rs 15 million to rs 50 million!.commercial properties in south Mumbai say nariman pint-are however in slow mode.with many multi national and Indian giants and Indian giants shifting their offices to bandra,andheri and even beyond,office space is available in nariman point,easing capital costa and rents.bandra west remains the costliest part of Mumbai suburbs,and rentals here match those in some of the parts of the metro.relaxation of redevelopment rules has resulted in ferenetic construction in bandra west ,with many developers acquiring development rights and adding floors to existing buildings.

These are matters concerning the upper class infact , but the question remains unanswered for the poor middle cast ,and it will remain!!!!!!!!!!!!!!!!!!!!!!!!!!!!!