The fact that Mumbai has once again been targeted by terrorists begs the question — what are the immediate and long-term implications of this continued focus by disruptive forces on the city? More specifically, how does the situation in Mumbai affect the city’s real estate market?
There are no simple, catch-all answers. Mumbai is in fact one of the most unprotected cities in the country. Also, it should be noted that Mumbai is a highly diversified city. Largely because of the legendary commuting issues and infrastructure challenges, it does not function as a unit but rather as a collection of mini-agglomerations. The central parts of the island city link to the immediate and extended suburbs, but each area has its own demographic typology and socio-economic DNA. It is therefore impractical to speak of Mumbai as a cohesive city which is equally affected in all its constituencies by such incidents.
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