Published on: 27 February 2015
The financial capital of India and capital of Maharashtra, Mumbai has been a city of dreams for everyone living in it. As one of the major metropolitan cities of India, Mumbai has always grabbed the attention of everyone, be it due to Bollywood or the booming real estate prices. With the BMC sanctioning plans pending for almost two years, the demand for real estate market in Mumbai is expected to improve, going into 2015.
If Mumbai is your next real estate investment destination, you have made a good choice. There is a lot of top construction activity happening in Mumbai, which is complemented well by existing as well as new infrastructure (including ones in the pipeline). Improving public commuting network, which includes Mumbai Metro, Mono Rail, is another good reason for rising real estate prices. Fall in interest rates, consistent infrastructural development, industry-friendly state and central government, and improving FDI add tremendous value to the ever-improving Mumbai real estate picture. Moreover, RBI does not have stringent regulations for NRIs purchasing a home in India, which means that they do not have to seek any prior permission from the authorities to buy a home. All this just adds to the realty demand in Mumbai.
Mumbai is today a much bigger region geographically. Prospective investment avenues such as Karjat, Kalyan, Badlapur, and the various regions of Navi Mumbai offer great home options at highly affordable prices. Navi Mumbai is soon becoming a great investment hub owing to its infrastructural set up, support from authorities, and the new international airport coming up at Panvel. To add to all the booming construction activity, Mumbai benefits from being one of the worldÔÇÖs most well-connected cities. Remember that Mumbai offers properties ranging from high-end premium ones to those that can be afforded by the mid-to-lower middle income groups. It is a big bracket to invest.
Therefore, take advantage of the infrastructural improvements, wide array of industries, and ever-improving real estate scenario in the city. DonÔÇÖt delay and make sure that your next investment destination in Mumbai.
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