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Real Estate Boom In All The Areas Of MumbaiBy Expert Author: JiaJha
Experts believe that even though it’s a slow pace but the real estate in Mumbai is picking up the pace. Whether the prices go up and go low, it is always a pride to be part of real estate in Mumbai.
According to all the real estate news published and telecasted, real estate in Mumbai has shown a considerable improvement but many of the market experts are considering this developing the in real estate as a bubble phase.
With the increasing use of online real estate portals, customers are able to get all the real estate news from all around the Mumbai region. Real estate in Mumbai has become so much digitalized that one can now purchase a home online itself. According to a recent real estate news, nearly 50% of the people are performing research before freezing on purchasing any property and most of the time their decision are getting highly influenced.
According to the real estate news consultants, the demand of real estate in Mumbai has increased but that doesn’t mean that the property prices also will go up high. As per the reports there are still so many unsold properties all around Mumbai that even after 2 years there will be a lot of property left out. In terms of residential of real estate in Mumbai, the price should be increased around 10.1% and this is for the entire year. If you are looking for investing in the real estate in Mumbai, it is suggested not to go by all the real estate news especially the one which focuses on the future developments in that area or close by area. It is always good to invest in properties as they are never wrong options.
Price of owing a real estate property in Mumbai:
As per the recent reports given by the real estate news, individuals will have options in which area they are looking for property and in what price range they are looking for property. People are looking for residential property in center of Mumbai, Thane, Borivali, and Andheri and near Juhu beach among other areas. The with the increasing population in the city, the real estate in Mumbai has got a boost and developers are coming forth with new projects to attract as many customers as possible. Some of famous developers for real estate in Mumbai are Omkar Realtors & Developers Pvt. Ltd., Evershine Builders Pvt. Ltd, RNA Builders, Lodha group among others.
If you are looking for 1BHK around Mumbai city center then you might end up paying nearly Rs 32 Lakhs and the same can be obtained outside the center at nearly half the price.
Real estate Mumbai clearly shows lot of difference. In a posh locality you might end up paying around Rs 23,000 per square feet in a multi storey building and own a residential house you will have to be ready with Rs 21,000 per square feet. The recent trends in the real estate news have indicated that people prefer to rent a residential property than rather buy in Mumbai.
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