Prop rates in Prabhadevi increased to Rs 59,300 psf; Andheri to Rs 29,061 psf
Updated On: 30 July, 2024 03:37 PM IST | Mumbai | mid-day online correspondent
On the other hand, areas such as Virar (average rate INR 4,522 psf), Nalasopara (INR 5,109 psf) and Mira Road East (INR 9,020 psf) are amongst the more affordable areas to make residential investments
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Image for representational purpose only. Photo Courtesy: istock
The property rates in Mumbai are always soaring and most often than not skyrocketing like its highrises every passing day. Indian real estate portal Magicbricks has shared that Andheri, Khar West and Prabhadevi are the most premium areas in Mumbai for residential investments.
According to its latest property evaluation tool, PropWorth, average property rates in Andheri increased 8.8 per cent YoY to reach Rs 29,061 psf; while rates in Prabhadevi increased 16.5 per cent in the past one year to reach Rs 59,300 psf.
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