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Boom in Mumbai realty rates unsustainable

Bank of America-Merrill Lynch has stated that the city’s property prices, which have increased nearly fourfold in the last decade, are unsustainable. It pointed out that in Mumbai, prices rose by 19.5% from 2003 to

Bank of America-Merrill Lynch has stated that the city’s property prices, which have increased nearly fourfold in the last decade, are unsustainable. It pointed out that in Mumbai, prices rose by 19.5% from 2003 to 2008 and 11.6% from 2008 to 2013 against the salary growth of 18.4% and 10.4% during the same period. Go here for more.

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