India, June 30 -- A 5 BHK apartment in Mumbai's Borivali has been listed for over Rs.8.52 crore. Spanning more than 2,300 sq ft, the asking price comes to around Rs.35,000 per sq ft. The listing has sparked a buzz on social media platform X, with users reflecting on the sharp rise in property prices in the suburb over the past two decades.

While many expressed disbelief, real estate experts say the surge aligns with post-pandemic market trends, with per sq ft rates in Borivali now reaching up to Rs.56,000. Notably, in 2024, the suburb saw one of its most expensive deals, a 4 BHK luxury apartment sold for Rs.14 crore at Rs.56,000 per sq ft.

Borivali in the western suburbs of Mumbai is approximately a 2-hour drive from South Mumbai, depen...