To own a beautiful house in first-rate area of any city is everyone’s dream in India today. But not every dream comes true. And this dream becomes all the more difficult to come true if you would like to own a house in big cities like Mumbai, Delhi, Kolkata, Chennai, and Bangalore. In big cities and above all in Mumbai, it takes a gigantic task to come across to an appropriate house within your means. But this tricky task can be made trouble-free if you can engage the services of a competent property consultant who knows each and every thing about Mumbai Real Estate market.
Mumbai property market is the largest real estate market in India. With a population of around 19 millions people, Mumbai and its suburbs encompass one of the biggest urban agglomerations in the world that is only second to Tokyo. 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 lower than the rate increase in population. As a result, you come across families in Mumbai who are forced to live in small rooms. According to the national census of India of 2001, every other person in Mumbai is living in slum. All these facts point to the amount of intricacy you can face while locating a suitable property in Mumbai either to buy or rent-in.
To stay away from this difficulty, my advice for you would 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 as they can be a great helping hand if you want to sell property in Mumbai. They can even help you in case you are 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 this area to shoot skywards. Of-late there has 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. With the intention to win this segment of the society, the market of real estate in Mumbai is developing various projects in the suburbs of the city. Navi, a suburb of Mumbai, is their main target in order 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 started to move upward quickly. And to me it is the best moment in time to buy property in Navi Mumbai.
As a Mumbai real estate consultant my advice to you would be to buy property in Mumbai suburbs in place of main old Mumbai. These suburbs like Navi Mumbai are being developed to sound and modern plan and have every facility of life. The property prices here are another plus to go with these areas. The choice is yours but there is one thing certain. The property value in Mumbai is going to increase with course of time and an astute investment in Mumbai real estate market can earn you massive profit in future.
About The Author:
Daniel Marshell is senior real estate consultant associated with http://www.bhomes.com/india/ Better Homes India, a leading real estate firm in Mumbai, India. He has more than 25 years of first hand experience of working in Mumbai Real Estate Market. His firm Better Homes India also offers online real estate services in Mumbai. For more information please visit www.bhomes.com/india
5 comments:
property in mumbai:-
Property is relay very good asset of our life, it is always increasing price and demand for building construction and lots more...
So you are attempting to understand the real estate position in Mumbai, but you are not clear in your mind the market picture of real estate in massive Mumbai? To help you, here is a preview of real estate market in Mumbai. Mumbai is going to be the town of the potential. According to the facts & figures, the real estate sector is growing at a blistering 30 per cent annually. Mumbai real estate is among the most expensive in the world - more than that of Tokyo or New York - and there is no shortage of those who can afford to pay. Some of the few successfully completed real estate projects in Mumbai are new airport at Navi Mumbai, New Suburban Trains Project, Bandra-Worli Sealink Project, Santacruz-Chembur Link Project, De -congestion of Prime CBD areas, Current Transportation systems, New Bridges Project, Sprawling Townships Project, Shopping Malls, IT Software Parks, Office complexes and development of Property investment proposition. Now, the city is undergoing redevelopment and restructuring. Various big real estate developers & constructors like DLF, Akruti, Parasvnath are bidding for the redevelopment of Dharavi which is Asia’s biggest slum and Mumbai’s biggest mess. Another interesting trend taking place in Mumbai is the remodeling of commercial spaces to retail spaces. With the property values of commercial spaces touching the sky, developers find it difficult to sell their commercial/office property. Hence, many of them are positioning their property as retail space in a hope to find more takers. Mumbai property market is a case in point. This market needs to be studied carefully as most the property trends arise from this market.For more view- realtydigest.blogspot.com
One of most informative real estate blogs. Hope to see more good things in next visit. Thank you for this
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This post is really very useful to get the detail information about the Mumbai property. As I was thinking about the investment, got so many important point.
This is very nice blog. But low budget investors can't invest in mumbai areas. If anyone is looking out property in kalyan i will suggest you to go at Tycoons central park which is one of best construction in kalyan.
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