The skyrocketing realty rates in Mumbai can be dominated only by the rich and wealthy. Even in areas such as Thane and Navi Mumbai — which are still under development — most of the flats cost more than a crore. Our cover story yesterday talked about a Bandra apartment being sold for a whopping Rs 97,000 per square foot and this phenomenon highlights that buying a dream home in Mumbai is an unattainable pursuit.

The government says that it wants to tame the rising prices by building affordable homes. Builders in turn blame the government for the escalating prices. To add insult to injury, the recently concluded MHADA lottery, which is supposed to help the middle class buy that elusive dream home, saw houses going for the same rate as market price.