A Flat in Upscale Mumbai Costs More Than a Flat in Burj Khalifa!

By SiliconIndia   |   Wednesday, December 5, 2012   |    4 Comments
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Bangalore: If you are thinking that overseas property costs more than properties in India, then it’s time to think again. A flat in the world’s tallest building, Burj Khalifa in Dubai might cost less than a flat in Mumbai’s upscale residential locality, Bandra, reports Aabhas Sharma of Business Standard.

For Indians, Dubai has emerged as a hot property destination in which several high net worth individuals (HNIs) show interest to invest. And, Dubai property offers good amenities and advanced infrastructure in lesser price than a property in Mumbai. For instance, a three bedroom apartment (3BHK) in Mumbai’s Bandra area quoted price bracket of around 4-5 crore (40-50 million) whereas, a similar kind of property in Dubai would charge almost half the price that quoted in Bandra, coupled with better facilities.

Dubai property was out of reach for most Indians, even if they had enough money to buy property overseas like in London and Singapore, till the year 2008. But, only after the economic depression in 2008, things took a different shape. For example, a studio apartment of 500 square feet in Burj Khalifa was available for around 1 crore (10 million), till last year.

Also Read: Wealthy Indians Prefer to Buy Home Overseas

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Reader's comments(4)
1: Neelam Realtors a real estate group that enables to develop and design 2, 3 BHK apartemts, luxury villas, flats for high profile domestic/ international clients in Ghatkopar West, Mumbai.

For more detail please visit:- http://www.proptiger.com/b-neelam-realtors-projects.php
Posted by:Neelam Realtors - 24 Jul, 2013
2: It is very surprising but true it is really sad that poor people not ever have shelter. We at http://www.RealEstateDealStreet.com trying our best to bring some sanity in Mumbai's real estate market
Posted by:Shri - 06 Dec, 2012
3: This Post is very informative in this post given difference between Upscale Mumbai and Flat in Burj Khalifa. thanks for sharing such a nice information.
Flats In Kharghar
Posted by:sheetal - 05 Dec, 2012
4: Interesting..
Posted by:Momi - 05 Dec, 2012

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