Just two numbers tell the story of Mumbai Real Estate over the last seven or eight years. Between 2006 and 2011, the development of flats that value up to 25 Lakh fell from 21 percent of the entire Mumbai Metropolitan Region to just 9 percent. Within the same duration, construction of flats that value over 2Crore rose from nine percent to 22 percent, as seen in the chart below. Mumbai city is currently out of reach of the middle category.…...
The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale, but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations, it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency, which can be assessed by…...
Towns and cities have a long history in our world, but opinions vary on whether any particular ancient settlements can be considered to be a city. The first true towns are sometimes regard as large settlements where the populations were no longer simply farmers of the surrounding area, but began to take on specialized occupations, and where trade, food storage and power was centralized. By definition of the city, the first we know of were located in Mesopotamia and in…...
CityMumbai My City
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Heavy rains continued to lash Mumbai and coastal Maharashtra for the second consecutive day Monday, disrupting normal life in the region, officials said. Many parts of the city and suburbs have been waterlogged and some areas were flooded Monday morning, hampering smooth movement of people and vehicles, said officials at the Municipal Corporation of Greater Mumbai's Disaster Control Cell. Flooding was reported from Malad, Andheri, Versova, Dadar, Parel, Chembur, many parts of the key LBS Marg in the eastern suburbs,…...
Life in Mumbai may just be like the life in some other city, or your city from outside. It’s just the same different people living well almost together, struggling to find their way, striving to make life better. They do have the differences, negatives and ways. But living in this city makes you realise how not so similar it is to every place in this world. How so many people from different cultures, states and countries can call this one…...
LifeMumbai My City
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