A quick back-of-the-air-mail-envelope real estate comparison of greater Tanglewood and Colaba, a commercial district in South Mumbai: “My friends house was about 2 blocks away from Nariman house - the sight of the infamous siege on the Jewish community on 26/11. For a 600 sq ft 1 bedroom hall kitchen, my friend and his room mates were coughing up Rs 45,000 /- a month. My friend corrected me that the real rent is actually Rs 50,000 / month but he is getting a discount because of some renovation going on in the building. Judging by the fortune he paid for the apartment, you would imagine it to be an ocean facing villa with modern amenities like swimming pool, gym and manicured garderns. Horror behold! His apartment was actually in a very busy market area, in a dilapidated building which was probably more than 40 years old and might come down any minute. Once inside his compact apartment, I immediately started comparing this with my $700/ month (Rs 34,000 month), 800 sq ft 1 BHK in Houston in a very wealthy neighborhood. If Senior Bush could live a mile away from my apartment, I am sure my neighborhood must be really good! So even if I earn in rupees, it is much easier for me to afford a place in Houston than in Mumbai!!” [Continued Unnoticed]
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