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2021-10-04
Real Estate Trends

Top 5 Reasons To Invest in Mumbai Real Estate

India is becoming one of the leading attractions to the world for investment. India’s economy has shown a constant upward graph mainly after it emerged as one of the I.T giants in the world. Mumbai- the financial capital of India has seen a lot of positive effects of this economic growth of the country in every business sector, especially the real estate. As a result, the city of dreams has gained a lot of attention from not only the real estate developers in Mumbai but also the investors across the world.

Here are the top 5 reasons to help you understand why you should be investing in Mumbai Real Estate:

1. Commercial Hub

Being the financial capital of India, Mumbai is home to the headquarters and offices of some of the major businesses of the country. This has lead to a rise in commercial property in Mumbai. Simultaneously there is a boost in residential projects in Mumbai as home buyers prefer to buy flats in close vicinity of their workplace.

2. Infrastructure

The city’s infrastructure is constantly improving over the past few years. The roads are widened & are being maintained well and there are lesser cramped up construction buildings in the city. With some of the big projects like Mumbai trans harbor link, metro nearing its completion, and few more projects in the pipeline, the demand for flats and individual houses are high in the city. This has created a good opportunity for developers in Mumbai to launch their projects in the neighboring locality of these infrastructural plans to benefit home buyers.

3. Connectivity & Convenience

The city of dreams has a fast-paced lifestyle and Mumbaikars are known to live life on the clock. Mumbai is known to provide excellent public transport to help you reach from one location to another with the city. Apart from local trains which are better knows as the lifeline of Mumbai, the city also has metros, buses such as BEST, TMT, NMMT, MMT, taxies that exceptionally connects all the parts within the city as well as outside of the city. Owning to this Mumbai has become a hot choice for investment as civic infrastructure such as roads, highways are improving day by day, and metro projects across the city nearing the completion stage. Real estate giants in Mumbai are aiming to invest in projects at such prime locations where they can offer better connectivity and convenience to home buyers.

4. Affordable pricing

The WFH culture in pandemic has triggered the need for owning a comfortable & spacious home at an affordable cost. Developers are now focusing on providing affordable luxury apartments in the northern suburbs of Mumbai. With the festive season around the corner, many real estate projects in Mumbai offer exciting benefits and discounts on stamp duty, pre-bookings of apartments to attract customers.

5. Blend of Cultures

It’s a known fact that Mumbai has a place for everyone. People from different religions, castes, & communities live their life in harmony in the city. From Ganesh Utsav to Christmas every festival is celebrated with the same enthusiasm by Mumbaikars. This is the main reason everyone wishes to buy a home in Mumbai to experience this lively spirit of the city.

Owning a home in Mumbai is an achievement in itself. With increasing demands in the lifestyle of citizens and keeping in mind the city’s popularity in the global real estate market, investing in Mumbai is the smart move to make.


Real Estate Trends

Why Does The Housing Demand Spike During The Festive Seasons?

Buying a home is a big step in a persons life. For an Indian, it is one of the major milestones. It is an expectation, a responsibility that they must fulfill to hold a standing in the social and cultural structure. Buying ones own home is also a very auspicious occasion and warrants the blessings of the Gods. What better time to buy your home than the festive season? The major purchase done with Gods blessings becomes ideal for instilling positive vibes for new beginnings. Several other factors contribute to the overall spike in demand for housing during the festive season. Dahisar is an upcoming suburb of Mumbai that has witnessed the development of many new projects in recent years. Cultural aspect Festivals are occasions of positive atmosphere and general well-being amongst families and relatives. They are a time when families celebrate new beginnings and relive old traditions. The festival cheer creates a positive outlook and acts as a catalyst for making big decisions to make the most of the auspicious times. This is when most Indians prefer to take that leap of good faith and make big purchases like buying a home. The positive belief of a prosperous future for the families is reassured by making these major investments. Financial Benefits Most developers and builders are aware of the festive sentiment that buyers have. To give a final push to the leap projects in Dahisar East offer attractive discounts. These discounts save significant sums of money that the buyers can think of investing or using to decorate and design their new homes. The benefits are in the form of reduced prices, tax waivers, or additional amenities that appeal to new home buyers. These offers entice many buyers to make the move. Market factors Most developers plan their residential projects in Dahisar East in a way that the launch can be during the festive season to make the most of demand. This increases the competition leading to better deals and attractive offerings. The buyer has a wider choice in terms of sizes, configurations, and locations of different flats in Dahisar East. Festive seasons often witness a surge in exhibitions, trade shows, and real estate fairs. Prospective buyers can get all the information they need about multiple projects under one roof with easy comparisons. It is also a chance for them to strike lucrative deals with the project representatives and seal profitable deals. All these factors fuel the demand for new home purchases. Tax Incentives and Benefits Governments and financial institutions introduce special benefits and waivers to home buyers to push the overall demand for flats in Dahisar East. Reduced interest rates, discounts on charges associated with property registration and tax exemptions, etc. are some of the benefits offered. These act as an additional appeal to potential home buyers. The festive cheer and sentiment encourage the entire real estate ecosystem to get into action to increase property purchases. In India, the festive season that lasts for a few months sees the maximum purchase and investment in residential properties. ...
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Real Estate Trends

Exploring The Top Residential Areas in Mumbai

Mumbai is the largest real estate market in the country. The Mumbai property market is expanding at an unprecedented pace. There is a rise in demand for residential property in the metropolis buoyed by major infrastructure development. Currently, there are 9 metro line projects under construction. These metros will increase connectivity allowing easier commutes for working professionals. The development is poised to increase construction activity across all the localities in the city. Several micro-markets are already emerging in anticipation of the new metro lines to be operational. There is a greater focus on developing luxury projects that offer superior amenities as the financial power of buyers is increasing. All these factors make Mumbai one of the most lucrative property markets to invest in. The megapolis is seeing major construction activity across all suburbs and pockets. Some of the most popular residential areas are discussed below. Dahisar Dahisar is a northern suburb in the Mumbai Metropolitan Region (MMR). Once a sober suburb, there is a surge in new projects in Dahisar in recent times. Although the suburb is well connected by road and rail to other parts of the city, two new metro lines that are under construction will enhance the ease of commute for its residents. The social infrastructure is also developing at a fast pace to keep up with the ever-growing influx of home buyers. Due to these reasons owning property in Dahisar can be the best investment decision. Most reputed developers are now constructing luxury flats in Dahisar East compared to budget flats which was the norm a few years ago. The 2 BHK apartments in Dahisar are preferred by most home buyers. Mira Road The suburb next to Mira Road is Dahisar and it has attracted the same attention. Mira Road too is seeing upcoming metro projects that will improve its connectivity to the heart of Mumbai. The past few years have seen a surge in occupancy in the suburb shooting the property prices here. This also has seen tremendous growth in social facilities and leisure locations for young families that settle here. Mira Road can be a good option for investment in budget and premium brackets of residential properties. Thane Known as the satellite city of Mumbai, Thane is one of the prime locations that has seen immense real-estate development over the past decade. The city offers one of the best lifestyles that combines the hustle and bustle of the metro with a green and peaceful environment. With excellent facilities for living a comfortable life to fast developing connectivity and infrastructure, Thane offers a wholesome living experience. Navi Mumbai Panvel and Kharghar are two locations that promise good returns on property investments. The accessibility of Panvel to the upcoming international airport, infrastructure development projects, and low property prices make it a strong contender for investments. Kharghar is known for its lush green parks, wide roads, and well-planned infrastructure. For long-term investments, Kharghar is a good option as the property prices are comparatively low compared to locations in central Mumbai. Vasai Virar The property prices in Mumbai can be overwhelming. It commands the highest real estate prices in the country, and everyone cannot afford it. Vasai-Virar offers affordable options for investors who have budget restrictions. It is well connected to Mumbai, has ample facilities required for a family to thrive, and offers good choices for leisure and entertainment. ...
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