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Mumbai’s financial hub needs homes to meet demand from bankers like Pandit

Posted on 07 October 2011

Mumbai’s new Bandra Kurla financial district, already home to India’s biggest stock exchange and international banks such as Citigroup Inc. (C) and UBS AG, is missing a key ingredient: sufficient housing to meet demand.
Citigroup, UBS and JPMorgan Chase & Co. (JPM) led an exodus of finance companies from the old Nariman Point financial hub in south Mumbai to escape double midtown-Manhattan rents for crumbling four-decade-old buildings………………………………………Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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