Good infrastructure, thriving financial & entertainment sectors, professional work culture, provide sound basics for a booming residential real estate mart. And, as the city itself gets congested, it is accommodating new additions at its seams viz. the fast-developing suburbs. More and more professionals are seeking out spacious (and cheaper) housing options in Malad, Borivalli, Thane and New Bombay. Away from the crowded interiors and yet well connected to the city, the suburbs are the areas where departmental stores and multiplexes are literally climbing out of the woods. Bandra, Santa-Cruz, Malabar Hills, Worli, to name a few are the localities where rates of approx. 70% are being ploughed back.
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Source IIPM-Editorial,2006
