Key Points
Thats less than half the rate at Mumbais BKC," the ace banker wrote in a reply to investor Nilesh Shah's post on the building that got sold for $150 million against its last price of $500 million...
"A Manhattan office tower just sold at a shocking 70% discount to what it last sold for..
The building last sold for $500M back in 2014," Shah posted, adding, Even NYC is seeing massive distress and destruction in values for prime commercial real estate office buildings...
This growth marks the highest number of property registrations for any February in the last twelve years, underscoring a buoyant demand for real estate in India's financial capital...
We remain optimistic about the sustained growth and vitality of Mumbai's real estate market, driven by favorable economic conditions, increasing income levels, and a collective aspiration towards owning property, he says..
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