I live around Beverly hills which is supposed to be one of the most expensive real estates in the world...We had a hard time getting a small condo here (2 bedrooms for a little over a million dollars)! I thought of buying a cheaper house in Mumbai (my birth place) as an investment and as a vacation home (to satisfy my desire of a large bungalow with backyard etc...)! so we were checking prices in some good areas in Mumbai like malabar hill, cuffe parade and grant road. But I was shocked and amazed to see that the prices per sq. feet were comparable to here!

So I guess I have to settle with something a little further from Mumbai proper which is also not that cheap (juhu scheme, hiranandani). I am looking for an A class area with modern amenities and a new project. I am unsure if taking a place a little far from mumbai proper would be a good investment...(I know in mumbai proper prices will double in 5-6 years)...but I don?t know about suburban places.

would I be in a loss after 5 years if I buy here? If anyone knows of some good quality websites about this issue...please post.
Thanks
Jaylin