Properties In Mumbai – A Northward Bound Expedition

By Author: indiahomes marketing
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The property price in Mumbai has seen a radical rise in the last few years. The pattern has been of a systematic increase in the area under construction and with it the prices. Mumbai being a natural harbor and the financial capital of India attracts the most number of immigrants, or the floating, population from across the country. This means the demand for real estate is always high. With the coming of age of the new business class the concept of lifestyle living has taken hold.

To cater to this demand more and more ultra-lifestyle properties in Mumbai have been commissioned in the last few years. The amount of available land for construction remains inelastic and therefore the prices are going up, in conjunction with the law of demand and supply. Decrease in the supply will lead to increase in demand and as a result will cause rise in prices, evidently so. The government policy for redevelopment of big swaths of the old city has also played a significant role in driving the prices of properties in Mumbai to an all time high.

Redevelopment of hitherto unused or abandoned production belt has opened up n entire ...
... section of the city to accommodate these fancy projects that has all the amenities which one can dream of. Some of them have a golf course attached to it, while others have large swath of lands as landscaped gardens to the occupants. Mumbai’s proximity to IT, Automobile and educational hub of Pune certainly is another factor that is leading the surge in the demand of housing. Cramped spaces in the erstwhile greater Mumbai have always been an underside of this great city. This issue has been addressed by the development of properties in Mumbai suburban areas.

These are low-cost housing project in the suburban areas across Mumbai. The demand for Mumbai properties is such that more and more people are willing to invest in more than one house. For them, it makes economical sense in the long term. Suitable policy adopted by the banks in lending for the finance of such projects also is the cause of this mushrooming sector. The demand does not show any signs of abating in the near future since it up-surge after the economic slowdown of 2008, so will be the prices of these housing blocks.

It is therefore prudent for any financially-able person to invest in this booming sector of the economy and more importantly in a vital part of the country which has always defied all national trends when it comes to real-estate. Mumbai properties are no doubt the most sought after due to the available opportunities and vast possibilities of this great city. The Bollywood induce dream will continue to attract fortune seeker to this dazzling city from all across the country and they will require a place to stay. No wonder that many analysts have flagged properties in Mumbai to scale much greater heights in the coming years. Fasten your seat belt folks for a ride upwards.

Author Bio

Nitin Sabharwal is an enthusiastic marketing explorer who redefines prospective subjects for his works in digital advertising & marketing, e-commerce, and content development. With a commanding work experience of 16 years, Nitin’s participation in digital enabled services with a special emphasis on the Internet has earned him several respectable positions in India’s premier companies. Positioned as VP-Marketing of IndiaHomes, Nitin is maneuvering the company’s branding, Performance, CRM, Contact Centre, Event Marketing and Digital Marketing. Academically, he holds an MBA degree from IMT Ghaziabad. property price in Mumbai, properties in Mumbai