03.10.2011 - Prices of apartments, bungalows in South Mumbai rose by 10-15pct last year
Mumbai prides itself on its egalitarianism, famously on display in its local trains where diamond merchants rub shoulders with chauffeurs. But even in this cultural landscape your address matters, and there is little dispute that South Mumbai - often referred to as So-Bo or South Bombay in defiance of official dictates that the City of Dreams should be called Mumbai - is at the top of the hierarchy. Clear proof of this is the fact that many enriched by India's economic boom are willing to pay top dollar for a SoBo address driving up prices of sea-facing apartments and bungalows..............................................Full Article: Source
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