The charm of Mumbai City
The financial capital of the country has been a dream city for many Indian investors. It is considered as the best city in India to set up shop or own a home. From its endless job opportunities to expansion plans in the field of construction and business, the city is certainly not going to slow down anytime soon. Mumbai is expected to be the major stakeholder in the country's GDP according to SeedWill Consulting Pvt Ltd., one of the leading property consultants in Mumbai.
Demand for Real Estate in Mumbai
Real estate in Mumbai has always been in high demand despite the sky-high property rates. There are several reasons for this increasing demand. The top priority of developers in Mumbai in today's scenario is to provide premium real estate spaces that have all the world-class amenities and locational advantages.
Developers offering world-class facilities
Real estate developers have started offering an array of world-class infrastructure, interiors by popular designers and state-of-the-art amenities, that encourage people to look forward to premium living. Developers are providing luxury apartments in Mumbai with innovative infrastructure, revamped interior designs and various facilities in a single space zone. Every newly developed society in Mumbai will have swimming pools, senior citizen corners, play areas, etc.
Mumbai offers seamless connectivity & locational advantages
The city's traffic jam has been efficiently tackled by the state government as authorities have worked tirelessly to give the city a complete makeover. The arrival of the Mumbai metro has shortened the route significantly between places like Versova and Ghatkopar. Several other reasons like wide roads, expansive railway lines and newly constructed highways have also helped the city of Mumbai.
The Migrant's City
Mumbai has long been the epicentre of India's pop culture, be it the buzz of Bollywood or a thriving commercial space that supports it. This has become the number one reason for a huge migrant population that now calls Mumbai its home. The demand for 2 BHK and 3 BHK flats in Mumbai has risen sharply in recent years especially in places like Thane Andheri (east & west) and Powai. The neighbourhood has seen a consistent rise in property prices due to a lot of multinational conglomerates setting up shops nearby.
Budget Housing in Mumbai
Most properties for sale in Mumbai are classified as luxury and offer a lavish lifestyle to its residents. The city has always seen a growing trend for budget housing, as it is one of the cities that has gladly accepted a competitive section of our society. Many builders have now started working on redevelopment plans to pave way for projects that offer all the amenities at a reasonable price.
Top Locations in Mumbai
An ideal location for people looking to invest in premium housing spaces with proximity to places like Andheri and Borivali can consider Goregaon. It is an excellent choice for people considering accessibility as their top priority, as it offers seamless connectivity with the Mumbai International Airport and Western Express Highway.
If you wish to buy the best property in Mumbai, Bandra just might be the place for you. A complete overhaul in its infrastructure and a considerable expansion in the residential space has made it a top choice for a lot of investors. The upcoming projects like Metro phase 4 on the Wadala-Thane-Kasarvadavali route and phase 10 on the Gaimukh-Shivaji Chowk will further enhance the connectivity of the area and make it an ideal location for potential home seekers.
Another area that can attract the interest of home seekers, is the city of Kharghar located in Navi Mumbai. It is situated nearby the Taloja creek and has seen a huge jump in residential projects due to its proximity to the Taloja industrial space. The presence of several schools and colleges also makes it an ideal choice in the buyer's mind.
FAQ's
Q.Which is the best area to invest in the Mumbai region?
A. Yes, there are innumerous in-budget apartments in Mumbai. Just stick to find out on www.seedwill.co for the detailed list of properties that suit your budget and other search requirements. Mentioned below might interest you:
Q.Is real estate a good investment in Mumbai?
A. Yes, Due to the recent reduction of stamp duty, prices discount, low-interest rates all have drawn huge traction and thus a hike in property registrations in Maharashtra's real estate sector.
Q.Is it good to buy property in Mumbai?
A.Yes, as on charts the expectation from the Mumbai realty sector is very high this year. The chances are high that one can witness a change of 5-10 per cent of price appreciation in the coming months. At present prices in the realty sector have soared and have reached historic lows of all-time thus, making it the best time to invest in property.
Q.Why are residences in Mumbai so expensive?
A. The major reason why Mumbai is expensive is due to the high land costs. Commercial and Residential spaces in Mumbai come at a high price.
Q.Where should I buy a house in Mumbai?
A. The locations in Tier1 or Tier-II levels that can suffice you need to buy a house in Mumbai. Some of the tops featured localities you can look to buy a property are as follows:
