Owning a house in Mumbai is what everyone wishes for. Yet with soaring property prices and skyrocketing rental rates, house buyers are looking for other places than proper Mumbai. Mumbai tops the list of potential sectors for Real Estate investment. Mumbai is the kind respite home buyers are looking for from the luxury houses in Mumbai. Property in Mumbai is catering to buyers from every income segment. Hence real estate in Mumbai is emerging to be a choice for affordable housing.
Price Regulation by CIDCO:
The property prices are regulated by CIDCO. This makes it possible for buyers from each income segment to choose a home as per their spending capacity.
As more land is made available to developers, a lot of Residential Property in Santacruz West. Which are on the brink of saturation. Upcoming Residential Projects in Mumbai are catching the attention of investors. There is ample space and Mumbai is bound by greenery on all sides.
Government Land for Real Estate Projects:
The City and Industrial Development Corporation of Maharashtra (CIDCO) has agreed to give more than 350 acres of land to private real estate developers. This has given rise to low budget flats in Mumbai as well as luxury flats.
Mumbai is well connected to Greater Mumbai, Thane and Navi Mumbai. These are easily reachable by road and rail from Navi Mumbai. The Mumbai Metropolitan Region Development Authority (MMRDA) on cleared a Rs3,500-crore project to improve infrastructure and basic amenities around Metro corridors, which are being built in the Mumbai Metropolitan Region (MMR), and proposed to build ropeways to improve connectivity between two railway stations and jetties. Buy Luxury Apartments in Mumbai.
Mumbai is no more the sleepy town as it was earlier. With the advent of schools, hospitals, shopping mall and other amenities and infrastructure, the face of this city is fast changing. Mumbai is becoming a real estate hub for residential as well as commercial properties. Along with the emergence of the corporate companies, residential properties in Mumbai are on a rise too. Many residential projects in Mumbai are offering 2bhk flats to 4bhk luxury homes to also studio apartments. All of these reasons are making Mumbai is the real estate investment hot spot for buyers.