With property rates hitting the sky, the affluent south
Mumbai area has witnessed a decline in residential population, while
the suburbs have seen a rise, according to Census officials.
And ironically, the population of homeless people in southern part of the metropolis seems to have increased.
“It
has been observed that primarily due to rising property rates, the
residential population in south Mumbai has gown down. Whereas the
residential population in suburbs has seen an increase of about 10-15
per cent,” the officials said.
South Mumbai -- which
has upmarket residential colonies as well as important public buildings
such as secretariat, Vidhan Bhavan, High Court, etc. -- is fast turning
into a commercial hub, officials said.
“The
residential population in Mumbai Metropolitan Region (MMR) areas such as
Vasai, Virar, Palghar, Kalyan, Dombivali and Karjat, has also
increased.”
The real estate market in Mumbai
continues to remain stagnant as sale transactions are at an all-time low
due to the high prices and rising interest rates.
The
homeless population has likely increased from the earlier 25,000 to
35,000-40,000, officials said, adding that such people were seen more in
A, B and C wards. All the three wards fall in south Mumbai.
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