According to Colliers India, a real estate research agency, Mumbai had a staggering number of housing units unsold of about 181,000 and the number is likely to grow further. While this may seem like an irony, numbers do not lie. The top eight cities in the nation, which includes Mumbai, collectively ended 2015 with low sales volume of 261,260 units.
That having been said, Mumbai still remains, one of the most expensive cities to live in, not just in India but across real estate hotspots across the world. A high-end property in southern Mumbai can cost as much as $800 per square ft.