Tower blocks in Mumbai
Media playback is unsupported on your device
Video

Why have Mumbai's property prices remained so high?

Real estate prices in Mumbai have remained high despite the economic slowdown, preventing many first-time buyers from getting on the property ladder.

Property prices have continued to soar partly because investors see bricks and mortar as a safe place to put their money, as Sameer Hashmi reports.

For more clips visit the Asia Business Report website .

  • 27 Jul 2013
Go to next video: Rural India's job creation challenge