India is the largest country of south Asian region. Its economy has demonstrated a constant upward trend during the last decade or so. Most of this gain in economy is started after India emerged as one of the I.T giant of the world. The positive implications of this development in economy of the country are perceptible in every business sector including the property market. Mumbai, which is acknowledged as the commercial capital of the India, has gained the care of the investors of the world together with people who prefer to invest in property market.
Mumbai property market is the most important real estate market in India. Mumbai and its suburbs encompass one of the largest urban agglomerations in the world that is only second to Tokyo with a population of about 19 millions people. The population of Mumbai is increasing at a massive rate. Unfortunately, the rate of developing new residential and commercial property in Mumbai has always been less than the rate increase in population. You come across families in Mumbai who’re forced to live in small rooms, as a result. Every other person in Mumbai is living in slum according to the national census of India of 2001. All these facts point to the quantity of intricacy you can face while locating a suitable property in Mumbai either to purchase or rent-in.
To stay away from this difficulty, my advice for you’d be to take into service a competent real estate consultant in Mumbai. There are many fine real estate agencies in Mumbai like Better Homes India who can do that for you at less commission. These agencies have years of practical experience of working in Mumbai real estate market to come good for you. They can help you under different circumstances. They can buy a commercial or residential property in Mumbai for you as well because they can be a great helping hand if you wish to sell property in Mumbai. They can even assist you in case you’re looking for long or short term rental in Mumbai.
Since population graph of Mumbai shows an upward trend, it means that property prices in Mumbai would be higher when compared to any other Indian city. Lack of space for new property development from Juhu Beach to South Mumbai, has made the property prices in the field to shoot skyward. Of-late there’s been a new craze of redevelopment of property in posh Mumbai areas like Bandra. But the property prices in areas like, Juhu, Bandra are to some extent unaffordable to middle class. The market of real estate in Mumbai is developing various projects in the outskirts of the city with the intent to win this part of the society. Navi, a suburb of Mumbai, is their main target, with a view to provide affordable commercial and residential property in Mumbai. Navi is known as twin city of Mumbai with a population of 0.75 million. The future of real estate in Navi Mumbai is very bright and property prices here are already begun to move upward quickly. And to me it’s the best moment in time to buy property in Navi Mumbai.
The Best Part Of Mumbai
Mumbai property market. Currently it’s the most populated city of India and Mumbai and its suburbs encompass the second-biggest urban agglomeration in the world after Tokyo. And the rate, at which its population is budding, points toward the growth in the demand for both commercial and residential properties in Mumbai.
At present, there are mixtures of giant residential and commercial projects in the stage of development and many others in the channel. This indicates towards the level of profit which is there in the Mumbai property industry. Various multinational companies and fiscal institutions are based in Mumbai and more are planning to get here to invest. So the demand for property in Mumbai isn’t going to decrease. And people here have adequate money to buy properties in Mumbai as it is indicated as the New York of India’.
You have all promises of gaining a good investment return on your side, as for as the investment in commercial properties in Mumbai is concern. Indian government has taken some good action in this regard. Relaxation in the strict Foreign Direct Investment regime has proven to be a massive support for foreign investors. More companies have come forward to invest in India. They have taken up thousands of square feet of commercial properties in Mumbai and this demand is ever increasing.