Real Estate Prices in Mumbai

Mumbai real estate prices are ludicrous, Resident buildings are rising higher and higher while there is not one commercial building of even 5 stories. 90% buildings on the outer area are stark empty. Yet their prices are 1 crore. 

Please O please tell me who is of any sane mind buys an apartment as an investment when anybody -- just anybody can build dozens of 10 story buildings right in the same area.

Real estate prices in navi mumbai have doubled in some areas around nerul & kharghar and have tripled in areas like vashi & Koperkhairne in just 5 years. Does this sound like the Sun is shining too bright on real estate in mumbai?

let me just note the reasons for further price increase and/or decrease.

Increase:

1. Higher Population than China in next 15 years.
2. Devaluation of Rupee in the future. 
3. Interest rates could down for a couple of years, which increases the real estate prices.

Decrease:

1. Indian economy is not going to do well in the future. (point 2 in Increase)
2. If economy does do well in the future, it wont be due to IT, which would mean manufacturing and production would be carried out outside the city.
3. Demand, I dont see much demand in the housing, As mentioned above most of these buildings are unoccupied. Supply, there is just too much of it. 

Engineers Day -- 15th Sept

I took college too seriously, way more seriously than I should. there is a wave of people wishing "engineers day", but every dog has its day, whats so special about "engineers day", its like dogs wishing each other happy dogs day.

People are proud to be engineers, but I am not, I'd rather choose to be humble about my past.  

India's Population by 2025

In 10-15 years, India's population is going to be more than that of China's.

Imagine that many number of people living in an area 1/4th the size of China.

India needs to bring Family planning policies back again and this time much more rigorously.