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The Future of Mumbai Real Estate

By Runwal Group Posted On Feb 02, 2021
Category Residential properties

The Future of Mumbai Real Estate

In India, the infrastructure sector plays a crucial role in boosting India's economic growth and overall development. The sub-sectors of the infrastructure industry, including highways, roads, railways, airports, ports, etc., are growing rapidly and visibly throughout the country.

The Indian government is focusing on bettering the infrastructure in metropolitan areas and the rural villages. The improved water supply, sewerage, drainage, irrigation, and agriculture system also strengthen a country’s infrastructure. Indian Real estate industry is benefitting from the modern infrastructure and improved connectivity. Improved connectivity and transportation options such as railways, highways, airports, etc., play a vital role in the growing real estate demand.

Infrastructure Boom in Mumbai City

Infrastructure Boom in Mumbai City

In India's financial capital, Mumbai, infrastructural growth has risen over the last few years. As the city is densely populated, Mumbaikars go through various difficulties in day-to-day life like traffic jams, crowded trains, parking issues, and more. The government is continually working to solve the problems of people by investing in modifying the infrastructure in very many ways.

In Mumbai and nearby cities like Thane and Navi Mumbai, many transportation projects are under construction and will soon be ready to ease the daily commute and travel.

The upcoming extended metro system and the Mumbai-Trans Harbour Link will reduce the city's daily traffic and relieve the always busy Mumbai Suburban Railway network. Upcoming Navi Mumbai airport is one of the biggest projects in the city. The 21.8 km long six-lane sea bridge is being built to reduce the travel time between Mumbai, Neral, and Karjat by an hour.

Demand for Real Estate in Mumbai

Demand for Real Estate in Mumbai

With all the exciting upcoming projects, Mumbai real estate is in high demand, and homebuyers are showing great interest in purchasing residential properties in the city. Runwal Group is one of the city's real estate giants with ready-to-move-in 2 bhk flat in kanjurmarg and other parts of the city.

People are investing in residential and commercial properties situated near the upcoming infrastructure projects such as Kanjurmarg, Ulwe, Vasai, Virar, and more. To boost the real estate sector affected by the pandemic and lockdown, the state government had reduced the stamp duty amount for homebuyers from January 2021 to March 2021 by 2%.

With the reduction in the stamp duty, few benefits in the union budget 2021-22, and upcoming infrastructure, the real estate market in Mumbai and other parts of the country is hoping to get back on track like before.

The availability of necessary features, employment and modern infrastructure attract homebuyers to buy property in Mumbai. Many real estate investors and homebuyers choose to invest in this city because of its great ROI and rental incomes.

Conclusion

Conclusion

Modern infrastructure and excellent connectivity help the economy of the country in different ways. After investing in lifetime earnings to buy their apartment in the city, homebuyers deserve all the facilities and convenience to improve living standards.

Runwal Group is a reputed and premium real estate company in Mumbai city. In our latest projects, you will get 2 bhk flats in kanjurmarg, spacious apartments in Thane, and other prime locations of the city. With green surroundings, amazing amenities, affordable prices, and other unbelievable facilities, Runwal Group’s projects are high ROI projects in Mumbai.

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Disclaimer

The plans, specifications, images and other details herein are only indicative and subject to approval of the concerned authorities. The Group / Owner reserves the right to change any or all of these in the interest of the development, without prior notice or obligation. Artist’s impressions are used to illustrate amenities, specifications, images and other details and these may be applicable to select apartments only. Tolerance of +/- 3% is possible in the unit areas on account of design and construction variances. All brands stated are subject to final decision of the project architect. This printed material does not constitute an offer and/or contract of any type between the Group / Owner and the recipient. No booking or allotment shall be deemed to have been made on the basis of this printed material. Any Purchaser / Lessee of this development shall be governed by the terms and conditions of the agreement for sale / lease entered into between the parties, and no details mentioned in this printed material shall in any way govern such transactions unless as may be otherwise expressly provided in the agreement for sale/lease by the Group / Owner. The Group / Owner does not warrant or assume any liability or responsibility for the accuracy or completeness of any information contained herein.