Rents in Mumbai

Properties for rent in Mumbai have been reacting with the condition. However, there are always a probability of correction as the markets swelter, just the way it happened in late 90s when the rental values were cut down by 10-15 per cent.

However, the boom in the services sector has enabled corporate executives to take advantage of houses at these rates, as well. People are looking to stay closer to their offices to keep away from exertion of distant traveling and are ready to pay a bit more.

Herein the demand for luxury apartments for elite class in Mumbai on rent is also increasing considerably

MUMBAI - REAL ESTATE PARADISE FOR INVESTERS

Mumbai is gifted by natural fjord via sea, interesting commerce across the globe. The growth of Mumbai has been amazing in the modern era. Especially growth of industries and boom in IT Sector has seen sweeping change in Mumbai geography. High rise Buildings resulting in sky high rates in real estate market and due to this it’s getting hard to buy property in Mumbai for common man. But at the same time Investors are gaining huge profits by investing in Mumbai property.

As it is said that land is an asset, companies are now thoughtfully considering on buying large portion of green land. Developers are joining in with companies and vice versa for acquire land for office space constructions, biased on their requirements.

So if you have some handsome amount to invest in Real Estate Business then you must buy property in Mumbai, which after some time you can sell or rent out for higher rates then today. As due to such economical boom in Mumbai, lots of people who are coming here for jobs from other cities are looking to get property for rent in Mumbai. And due to this massive shifting from other cities in search of better future, rents of property are going higher.

To cater peoples need there are lots of agencies who are providing real estate services. Better

Homes is one of them, so if you are looking to buy property in Mumbai or searching property for rent in Mumbai, then simply visit Better Homes website for your enquires because No one does it better then Better Homes.

The City! Mumbai

Metropolitan India have expanded speedily as growing numbers migrate to towns and cities in search of economic opportunity. Slums now account for 1/4 of all urban housing. In Mumbai, more than half the population lives in slums, many of which are situated near employment centers in the heart of town, unlike in most other cities in developing countries. The condition is inferior in Mumbai. The government is announcing housing polices to make housing available and affordable for all, in particular for the lower and middle-income groups. It plans to promote rental housing and new construction, redevelopment of slums and old buildings and boosting foreign investment in the housing sector. It also promotes township schemes just outside the municipal limits of Mumbai so that people working in the city can find homes to suit their budgets. But the reality on ground is alot different then it looks.

Mumbai Real Estate-Price Hikes

Mumbai has always been the leader in the indicative property prices of real estate India Mumbai as such has always been in the vanguard when it comes to property prices. In the recent years a record rise in property prices at par with some of the highest real estate prices in the world.

The property prices as well as the increase in rental values in Mumbai owe much of its credit to the large scale investments in the commercial sector. Mumbai has always been preferred for most of the corporate sector to have their headquarters in the city. There has been increasing demand for office space; which have therefore created an imbalance in demand and supply for residential properties. The rental values in Mumbai have also in high corresponding to that in other cities.

Real Estate in Mumbai

Mumbai is appropriately called the commercial and business capital of India as forty percent of India's taxes come from this city alone, and half of India's international trade passes through its splendid harbor. Mumbai is the core of human enterprise and is unquestionably one of the most preferred destinations in India for foreign direct investment such as joint ventures and Real Estate investments.

Investment in Mumbai
Owning land in Mumbai will prove to be a big asset so if you've plans to invest in Mumbai, the commercial capital of India. A property in Mumbai will always earn rich dividends as the commercial hub of India is at par with most of the advanced and developed cities of the world. It houses the major financial institutions, banks and stock exchanges and the head quarters and administrative offices of major business houses operate out of Mumbai.

Investment in Mumbai property is highly promising as India has emerged as an across the board low cost base which makes it attractive enough for Non-Resident Indians and multinationals to relocate in the country. More than one hundred of the Fortune 500 companies have a presence in India, as compared to only 33 in China which shows the true worth of Indian soil.

Real Estate Mumbai - Buy, Sell, Rent Properties, Commercial, Residential Land Plots, Office and Retail space from reputed builders/developers by qualified real estate agents with extensive experience in Mumbai properties.

Real Estate Boom In Mumbai

Last few years have seen a fabulous increase in the demands for property in Mumbai. To overcome these growing demands for properties in Mumbai, more builders and developers are investing in residential and commercial property market of Mumbai. Most of these builders and developers are investing in properties in Mumbai suburbs.

Since property demands in Mumbai are higher than the supply, the property prices in Mumbai have risen up during the span of time. Right now, property prices in Mumbai are out of reach of a middleclass buyer. Recently, Government of Maharashtra has taken some positive steps to keep a check on the price of properties in Mumbai and other cities of Maharashtra. But to allocate more space for the development of new commercial and residential projects in Mumbai is the need of the hour.

Tips for Buying Properties in Mumbai

In the last decade or so India has made and still continue to make a swift growth on the turf of Information Technology. This massive expansion in IT Sector has resulted in domestic industrial growth as more and more multinational companies and services industries started to invest in India. They had their share of profit with this IT boom in India. But there is one industry that has benefited the most by this growth and that industry is the property market of India as demand for more and more office space and other real estate property has been on climb in the country.

To fulfill the demand, property developers in India are developing residential, commercial and retail space in the major metropolitan cities of the country. This demand for property has made cities like Mumbai, Delhi, Bangalore, Kolkata, Chennai, Hyderabad, Ahmedabad, Chandigarh, and Jaipur the most coveted hot spots for commercial and residential activities. More and more people are coming to these cities in search of better employment, which has resulted in high demand for residential property in these cities.

The demand for property in Mumbai is even higher as it is the business capital of country and world’s largest film industry is also situated here. Every one in India wants to be in this city of dreams. Many people want to settle in here in hope of good career and some want to spend a few days here. This has made the job very difficult for those who are looking to rent or buy residential or commercial properties in Mumbai. But many real estate agencies are helping people in buying property in Mumbai. These agencies offer a wide range of services to their customers together with buying, selling, renting-in and renting-out. In order to expand their business few property agencies offer some services through internet. So if you are looking to buy residential properties in Mumbai or buy commercial properties in Mumbai then simply visit to the website of any of such real estate agencies like Better Homes India and you can find the best deal for you.

But there are some points that should be kept in mind while buying or renting a property for you.

1. Take a seat with your family and come up with an amount that you are ready to pay out.
2. Keeping in view the amount at your disposal, agree on some grounds with your family. For example, if you looking to buy residential property in Mumbai, you must agree on some basic things with your family like; how many bedrooms you want, in which area of the city the apartment should located, etc.
3. Be realistic in your decision. Always keep an eye on your budget and limitations.
4. Be very clear with your property dealer about your requirements and budget. Many online property agencies have detailed search form on their website that can help you in locating desired property for rent or buy in Mumbai.
5. Be ready to compromise. It is not always that you can rent or buy a property that has every thing you want. It could have your desired no of bedrooms in the amount in your hands but could be half a kilometer away from your preferred location.
6. Last but not the least; always beware of fraud real estate agencies. Always look for trusted and well established property agencies.

So it is becoming easier and easier today, for both foreign & domestic investors as well as common man, to find residential or commercial property in Mumbai that best suited to their requirements. All you have to do is be clear about your budget and requirements and acquire the services of good property agency and Better Homes India is definitely one of them.

About The Author:

Daniel Marshell is senior real estate consultant associated with 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. He deals in buying and selling of commercial and residential property in Mumbai along with long and short term rental in Mumbai and its suburbs. His firm Better Homes India also offers online real estate services in Mumbai. For more information please visit http://www.bhomes.com/india