Commerical market had been at an all time low since the last couple of years. Because of this, commercial supply went down drastically except in select areas such as BKC, Lower Parel. Over time, people have been experiencing a dearth in supply in places in northern suburbs of mumbai and demand for commercial real estate is now on the rise, especially for compact units in the range of 400-1000 s...
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Mumbai real estate prices historically have increased at the rate of 15-18% annually over the last 50 odd years. Reasons for the same have already been answered in another question in the same category.
Areas such as borivali,kandivali, malad, mulund, dahisar, where the property prices are still low compared to other places south, are good places to invest. Being smaller apartments, chances of them going on a lease are also very high.