Living in an urban jungle or living in the fast paced life is equally breathtaking and overpowering for any city resident. Mumbai means learning to appreciate the daily turbulence and traffic chaos, adjusting with the fast city life, while savoring life in the most cosmopolitan city in the subcontinent.
Mumbai is the place where the future of the country is being artificial and luminous towers and a new middle class co exist with the slums to rich class with astonishing luxuries. People from all over India and from other nations around the world come to this place to work and stay and its high class conscious skyline is a statement to its global ambitions.
While thinking about Mumbai with all its glitzy façade, the city is also famous for one of the most expensive realty markets in India. But still there are lots of reasons to own a house in Mumbai and real estate firms in Mumbai are investing their money to build properties. Some of the reasons are given below on why Mumbai is strongly considered to invest money in Real estate:
Growth Potentiality: As Mumbai has lots of proposed infrastructure including Coastal Roads (road connecting Malad to Nariman Point), Navi Mumbai International Airport, Metro Expansion and so on, real estate firms, builders and property pundits are expecting localities in closeness to such developments to be highly impacted. Property prices on some of the top most areas like Ghatkopar is being doubled as metro construction work gained momentum.
Redevelopment Plan for Affordable Housing: With the increasing demand of the residential properties but in short supply of lands, developers and property builders like Baya CompanyMumbai and others are going for the redevelopment projects to make profit and fulfill the requirement. Such type of projects mostly happens in suburbs like Bandra and Jogeshwari. However, properties in Bandra West is always in high demand with bigger price rate because of the great connectivity, elite lifestyle and offering of excellent social infrastructure. But it is now suffering from traffic congestion as well as scarce land supply. Again in Jogeshwari, there is high demand of 1 BHK or 2BHK flats as the slum rehabilitation is picking up the pace, habitants are urgently looking for 1 BHK home.
Increasing ROI: The market of Mumbai always provides high investment returns on all types of real estate properties invested by real estate firms in Mumbai. It is evident that Mumbai is like the magnet which is pulling investors from all over India as well as World for investing in properties. Currently, Mumbai is the most populated city in India and its border cover the second largest urban agglomeration in the world after Tokyo. As the population is increasing, the rate of the properties is increasing which are coming straight away points toward the increase in the demand for both commercial and residential properties in Mumbai.
Higher Opportunities of Employment: As the employment opportunities throughout the city are growing, the demand of real estate on the nearby location is also increasing. Every year, people from all around the world are coming to Mumbai with a dream of getting job either in Bollywood industry or in IT firm or in hotel industries. Employment one of the biggest reasons and the big driver of the real estate and areas in and around BKC, Central Line, Chembur and Kanjurmarg has shown a significant increase of demand in real estate. Andheri, Malad are already in high demand and in the coming future Jogeshwari East and West, Goregaon, BMC Road, Malad Creek, Chembur, Byculla etc. are climbing for the property investment.
Infrastructure Development: Infrastructure development in Mumbai is happening very quickly and to deal with the constantly rising of housing demand, Mumbai and its surroundings are turning to be the next ideal locations. Real Estate Investment offers an opportunity to earn money which is creating smooth cash flow. Real Estate firms in Mumbai from different part of India are researching on the places of higher demand and also planning to build not only 1 BHk or 2BHk Flats but also residential flats, housing complex, hotels and other corporate buildings to meet the higher demands of all.
Thus, Mumbai is not only the place for people to stay or job but also are in high demand for other corporate industries, hotels, shopping malls and all. Thus different property builders and real estate firms like Baya Company Mumbai and other firms are not only offering 1 BHk, 2 BHK flats and duplex pent house but also they are planning to build some royal clubhouses, magnificent green zones and parks, numerous avenues of recreation and entertainments and more in Mumbai. Even you can find some flats in Chembur or Bycullla at an affordable price rate. Thus, it would be a great chance not only for the builders but also for the buyers to invest money on buying a home or flat for you as the flat rate of Mumbai with its higher demand will increase day by day.