Furthermore, following the dot-com bubble burst in 2000 and the geopolitical tensions of the Kargil War in 1999, investor sentiment was cautious. In 2001, the global economy was further shaken by the 9/11 attacks. Consequently, property prices in Mumbai had corrected significantly from their 1995 peaks.
In 2001, South Mumbai was still the undisputed center of commerce and high-end living. However, demand had softened. ready reckoner rate mumbai 2001