June 18, 2025: Mumbai’s real estate market is now at least 20% more expensive than Dubai’s, yet Indian buyers continue to invest heavily in domestic property. According to Akshat Shrivastava, founder of financial education platform Wisdom Hatch, the upward trajectory of Indian property prices—particularly in cities like Mumbai—has less to do with logic and more to do with sentiment.
Despite the city’s strained infrastructure and the fact that global cities like Dubai offer better value and amenities, Indian buyers show no signs of slowing down. Shrivastava explained that Mumbai’s property market operates on a unique set of emotional and cultural drivers that override typical financial reasoning.
“Mumbai real estate keeps rising because Indians will buy at any price,” he said. “Even if places like Dubai offer more space, better infrastructure, and more modern facilities, many Indian buyers still feel safer putting their money into something they understand—property at home.”
Shrivastava believes this preference is underpinned by hyperlocal demand, limited land supply in metropolitan areas, and a deep-rooted belief in property as a secure, long-term asset. For many Indian families, buying a home remains a key milestone and a symbol of stability and success.
While analysts may question the sustainability of these price surges, especially when international options appear more economical, Mumbai’s market continues to defy expectations. As long as local sentiment and demand remain high, experts like Shrivastava suggest the city’s property prices will keep climbing—regardless of comparisons to global peers.
Source: Business Today
