Mumbai, the economic capital of India, is a city that in effect never slumber. The real estate situation in this city of opportunities has been reflective of the rising property real estate sector of India.
There has been an augment in demand as well as supply and an approval in real estate values across property markets. . Because of the high level of demand in certain sectors and increased steel and cement rates across the country, residential real estate rates in the city are also growing.
The areas where additional investment in real estate sector can be seen are the suburbs where new projects of development are underway by both government and private developers. Pre-leased real estate with high income group tenants are the most profitable and favoured real estate investment options. There is a great opportunity for investors to invest in Navi Mumbai as the prices of this newly establishing area is relatively much low than the established posh areas of Mumbai, where already the richest of the cities have established their real estates and there is very minimum opportunity for the new investors to come in and invest. So if you are looking for investment in the city of dreams Navi Mumbai is an ideal location for you.
Monday, October 20, 2008
Sunday, October 12, 2008
Upward Trend in Mubai Property
The prices of Mumbai properties are undergoing a steady upward trend. The factors which influence the same are still the same, beginning from the stock market rally to the good monsoon, to the stable government and to an overall positive economic scenario.
Most of the builders today are giving a lot of quality and value added services like swimming pools, health clubs and gardens in their projects. The only negative factor today is that there is limited ready stock with good property builders in Mumbai. A few suburban areas where maximum sales are recorded in the past few months are Chembur, Wadala, Mulund, Goregaon East, Kandivali East, Powai, Vashi and Thane. Overall the markets in Mumbai look pretty stable, the builders who have under construction projects in good locations with good demand are still increasing there prices by Rs.50/- to Rs.500/- every 2 or 3 months. Property prices in other cities in India are significantly cheaper than in Mumbai.
Most of the builders today are giving a lot of quality and value added services like swimming pools, health clubs and gardens in their projects. The only negative factor today is that there is limited ready stock with good property builders in Mumbai. A few suburban areas where maximum sales are recorded in the past few months are Chembur, Wadala, Mulund, Goregaon East, Kandivali East, Powai, Vashi and Thane. Overall the markets in Mumbai look pretty stable, the builders who have under construction projects in good locations with good demand are still increasing there prices by Rs.50/- to Rs.500/- every 2 or 3 months. Property prices in other cities in India are significantly cheaper than in Mumbai.
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