Mumbai is the financial Capital of India and one of the fastest growing cities in the Country. The city enjoys a strong and robust economy with a constant growth every year. One of the most important reasons of Mumbai having the fastest growing real estate is its infrastructure for which its population is increasing day by day. Mumbai also being the fashion hub, have people who look forward to settle down here to build a better future. Mumbai is also the hotspot property destination for the real estate property investors, attracting major developers not just from India but also from abroad. Redevelopment of Mumbai is in full swing by demolishing the old buildings and replacing them with mixed developments of commercial and living space. The property market of Mumbai has boomed over a few years due to the interest of big Corporate Houses and investors especially from foreign countries.
Investing in Mumbai Suburbs
Many people actually cannot take decision about owning a property in Mumbai due to high prices. Considering the geographical constraints and severe shortage of land in South/Central Mumbai, the city cannot grow anywhere but in the northward direction of the suburban locations. In addition, a shortage of land in south and central Mumbai has forced home buyers to look for other options. Therefore, it is advisable that the investors should look for the suburbs of the city, particularly Western Suburbs, Thane and Navi Mumbai, which have emerged as the heaven in terms of investments in real estate. Major Infrastructure initiatives by public bodies are rendering these suburban locations even more attractive for housing investment. Better infrastructure, easy accessibility and good connectivity to major highways have directed investors to shift their base from south Mumbai to western and central suburbs.
Super Luxury Residential Apartments in Mumbai
Mumbai luxury real estate is one of the costliest in the world also one of the fastest in terms of price growth. While luxury real estate prices have come down substantially in the most parts of the world considering the economic slow down, in Mumbai prices have remained stagnant or increased marginally. Mumbai was once ranked the world's 25th most expensive city in terms of property prices while Monaco remains the world's costliest city followed by London. There has been continues demand from HNI's and NRI's for luxury living apartments in south mumbai which were lacking all these years inspite of demand and afforbility. Now there are many luxury projects coming in south mumbai like Omkar1973, Ahuja Towers, One Avighna Park, World One and many more.