Sudden Boom In Mumbai Property Where Nri Is Also Investing Their Hard Earnings
Mumbai being the most preferred property investment destination in India after Delhi. The property in Mumbai is currently in a state of flux and clear-cut government policies, plus a strong customer focus, will go a long way towards unlocking its potential. With Mumbai fast expanding towards the central suburbs and beyond the center of the city is gradually shifting to Vikhroli. As developers transformed the living experience in the areas and inside the complex, everything from greenery to sports to security is taken care of. While the old style buildings are basic in nature, the new buildings with lifestyle amenities and value added features inside the apartment are by private developers.
The central suburbs of Mumbai provide value for money and affordable lifestyle options. Buyers prefer central suburbs, as it is not only cheaper as compared to South Mumbai but also well connected as well as availability of quality housing. The home buyers today has decided to choose the suburban locations for living and investment reasons because of the infrastructural activities, affordable rates and availability of resources.
Suburban areas such as Thane, Kalyan, Airoli and Vashi, Mira Road, Panvel have become the focus for property buyers now. The main reasons backing the growth that Mumbai is witness to includes infrastructural developments like the International Airport, Mono Rail and Road widening projects among others. Experts opine that the city holds promise of being the much-sought after residential destination in present year and coming year as well. With high-end properties in Mumbai an inviting sea-front, splendid architecture and relatively better and developing civic infrastructure than Mumbai and the rate of property in Mumbai is within the reach of many. Thousand of people migrate to Mumbai with a dream to become a film star and thus increasing the demand of housing.
A recent survey shows that nearly 28% people all over India wish to own a house in Mumbai. The real estate sector has been a sudden boom in the recent times. On the real estate front, Mumbai offers several options that match global standards as enjoyed by NRI's in the countries where they are currently based. Residential complexes, commercial buildings and retail structures in the city are excellent in terms of quality, earth-quake resistant structure, design and architectural excellence and landscaping, on par with the best worldwide. They are constructed so as to take care of the present as also of the future needs.