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Slew of new projects in Mumbai an Invitation
Slew of new projects in Mumbai an Invitation

Mumbai is a representative city of perhaps everything that India stands for. You will find the richest as well as poorest people in the country right here in this city. It is a city that feeds and shelters everyone. Popularly Known as “The City of Dreams,” the place lures the investors from all across the country as well as abroad. A number of grade A builders in Mumbai are showcasing their interest to launch new projects in Mumbai that provide high end amenities and world class infrastructure.

Mumbai incorporates the biggest film industry in the world, and also enjoys the privilege of being the economic and commercial capital of India. Perhaps the most visible city of Western India, Maharashtra invites real estate investors, particularly those on the lookout for flats in Mumbai.

The foremost reason for increase in demand for luxury apartments in Mumbai is the paucity of land for new construction. Most new projects are high-rise and residential towers encompassing plethora of dwelling units with varying facilities. Owing to immense pressure for providing housing for its residents and the migrants, government is going an extra mile to increase the availability of flats in Mumbai.

The place also stands as a traditional hub for high-end investors. Perhaps, that’s the reason why one finds luxury apartments in Mumbai in much greater numbers than in any other Indian city. Big builders and industrial houses have huge stakes in real estate property in this mega-city. And the most populated city in India deserves all this interest in its property market! Not only leading high-level executives and businessmen but Bollywood celebrities also prefer buying a plush penthouse or bungalow in Mumbai for investment purpose. Many rich investors from Delhi, Bangalore, Pune and other cities choose Pune for luxury property investment.

Despite the challenging real estate environment across India, the residential property market of Mumbai has managed to maintain its momentum. It continues to be one of the best performing realty markets in India. Sales may have slowed down in the last few years but they have managed to remain healthy enough for maintaining the viability of Mumbai’s real estate sector. This is one of the major reasons why developers continue to launch fresh projects in the city in the affordable as well as luxury segment.

Undoubtedly, high-end investors will always find the city lucrative, it is actually the average middle class, which drives the Mumbai real estate market in the real sense of the term.  A number of new projects in Mumbai  are initiated suiting the needs and budgets of all the strata’s of the society especially targeting the middle class and upper middle classes that forms the major part of the population.

The current buzzing places to invest in Mumbai include Navi Mumbai, and suburbs, like Worli, Bandra, and Parel. Navi Mumbai area is particularly getting rave reviews from the real estate investors due to multiple developmental projects, both residential and commercial, coming up at a rapid pace. Situated just across the harbor, the area is attracting lot of investments from MNCs and global IT companies.  The place invites for a lucrative investment with a spate of promising hotspots and has also created traction among the NRI Diaspora.