By Admin Posted Jun 13, 2019 In Property investment
The real estate market in Mumbai has been luring both homebuyers and investors. With the rise in residential and commercial demand, builders have been developing quality properties with well-designed interiors, premium amenities and excellent infrastructure. Here’s a look at the top reasons why Mumbai’s real estate market makes for a viable investment decision.
1: Financial Capital Of India
Mumbai is a booming commercial hub, aka the city of dreams. Major businesses have set their headquarters and offices here, which has led to an increase in commercial property investments in Mumbai. Residential demand is on a rise in neighbourhoods like Lower Parel, BKC, Powai, Vikhroli as more and more professionals look for flats closer to their workplace.
2: Connectivity & Public Transport
Mumbai has a large network of public transport that includes the local trains, metro, taxis and buses like MMT, TMT, NMMT and more. You are well-connected to all parts within and also outside the city. It is possible to easily get from CST to Panvel and from Churchgate to Virar, which are the 4 extreme corners of Mumbai.
3: Civic Infrastructure
Civic infrastructure is improving with the development of roads, highways, metros and monorails, reducing traffic congestion. The metro work for the Wadala to Thane Metro Line 4 has made Thane a hot bed for real estate investment. Proposed infrastructure like the Eastern Freeway and the Chembur to Wadala Monorail has led to the emergence of residential properties and lucrative investment returns, especially in these areas.
4: Affordable Housing
The trend of affordable housing has picked up Mumbai’s real estate scenario with many real estate builders opting for redevelopment projects. Luxury at affordable rates has become a possibility in Juhu, Worli and other parts of South Mumbai.
5: Cosmopolitan Crowd
Mumbai is home to people from all parts of the country. It’s here that you will get to immerse yourself in different cultures and celebrate every kind of festival. It’s one of the reasons that home buyers prefer owning a residence in this city.
Being a home owner in Mumbai is an accomplishment in itself. Taking into consideration its global demand in the real estate market, investing in Mumbai is a smart decision. If you’re looking for luxury flats in Mumbai, Runwal Forests is an exquisite project by Runwal Group, a leading real estate developer. The property offers 3 BHK flats on LBS Road, Kanjurmarg West in Mumbai.