Mumbai prices comparable to beverly hills!

[m0987]

I live around beverly hills which is supposed to be one of the most expensive real estates in the world...We had a hard time getting a small condo here (2 bedrooms for a lil over a million dollars)! I thought of buying a cheaper house in Mumbai (my birth place) as an investment and as a vacation home (to satisfy my desire of a large bungalow with backyard etc...)! so we were checking prices in some good areas in mumbai like malabar hill, cuffe parade and grant road. But I was shocked and amazed to see that the prices per sq. feet were comparable to here!

So I guess I have to settle with something a lil further from Mumbai proper which is also not that cheap (juhu scheme, hiranandani). I am looking for an a class area with modern amenities and a new project. I am unsure if taking a place a lil far from mumbai proper would be a good investment...(I know in mumbai proper prices will double in 5-6 years)...but I dont know about suburban places.

would I be in a loss after 5 years if I buy here? if anyone knows of some good quality websites about this issue...please post.

[rajani]

U can use http://www.propertywala.com to search the property of ur choice within ur expected range.

[vikas2607]

For Mumbai property news and more property news see this link:

http://www.indiarealestatemonitor.com/

[amittewari]

no sir ,their is nothing wrong if u buy a property there and for more help u can search a property in http://www.propertywala.com