I don't know how but I again feel I said so!
Read this April 2012 blog post from me:
http://indian-eagle.blogspot.in/2012/04/strange-case-of-1-bhks-in-mumbai.html
And read this article in ET today.
http://economictimes.indiatimes.com/markets/real-estate/news/mumbai-builders-see-an-opportunity-in-small-homes-despite-rising-prices-and-market-uncertainty/articleshow/19643145.cms
I had categorized 1BHK as giffen good. Now good old supply-demand curves have kicked in.
Read this April 2012 blog post from me:
http://indian-eagle.blogspot.in/2012/04/strange-case-of-1-bhks-in-mumbai.html
And read this article in ET today.
http://economictimes.indiatimes.com/markets/real-estate/news/mumbai-builders-see-an-opportunity-in-small-homes-despite-rising-prices-and-market-uncertainty/articleshow/19643145.cms
I had categorized 1BHK as giffen good. Now good old supply-demand curves have kicked in.
