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Published byLeo Hines Modified over 7 years ago
The demand for houses for sale in Mumbai
Mumbai is one of the best options for those who want to invest in the real estate. The Indian Hollywood, The Island City and the financial capital of India are some of the few sobriquet for Mumbai.
It is has a huge potential for the growth in the sectors of economy and is one of the most urbanized cities in Asia. The city is the destination of film stars, entrepreneurs and politicians.
From the years of its evolution the city has been flooded with localities of residential, commercial and industrial assets.
Moreover, there is a redevelopment of areas which were already swanked, this is why over the last decade it has witnessed a sudden leap in the relocation of residential and commercial hubs. Consequently, there is a sudden rise in plots for sale in Mumbai in the suburban areas of the city.plots for sale in Mumbai
The demand for houses for sale in Mumbaihouses for sale in Mumbai The real estate value of the city is better than any other city of the country. People from different regions desire to buy a house in Mumbai.
As the demand is higher and the property prices are high as well it’s never been easy to buy property in Mumbai.
The demand for residential properties in the city is from the investors and not from the end users due to high rentals existence.
There are many suburban housing projects by various reputed builders in the area of Dombivalli, Wadala, Chembur, Mulund, Kanjumarg in Mumbai, Ghodbunder Road in Thane, Kopar Khairane in Navi Mumbai, etc.
Growth, price points and demand are the three factors that drive the property investment pattern in the city. There is no doubt that Mumbai’s real estate market is legendary and the focus of the investors is constantly shifting with the change in the market demand.
Reasons for the rise in bungalows for sale in Mumbaibungalows for sale in Mumbai Today a home is not confined to past definition as just to accommodate but with the passing of time it has changed from a simple two room flat to a 4 or 5 BHK bungalow or villa.
Due to the rise in bungalows for sale in the city there is a sharp increase in foreign investors that contributes Rs. 8,000 crores approximately in the city’s real estate.
The city is a favorite community for the foreign investors due to its investor-friendly options and other factors including constant globalization, higher economy, positive demographics, economic growth, rise in income levels, proximity to commercial spaces and demand for social infrastructure.
Some of the popular areas in and around the city that offers ample opportunities for NRIs are Kharghar in Navi Mumbai, Thane and Kandivali East in Mumbai. For both UAE and US, Mumbai has become one of the most popular cities for investment. While Mumbai is first, Bangalore ranks the second, Chennai and Pune ranked third followed by Hyderabad, Delhi and Cochin.
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