Tuesday, September 9, 2008

Opportunities of Investment in Mumbai Property

The prices of Mumbai have seen an upward growth for years. The causes which influence the prices are the same, beginning the stock market relative stability, the stable government and an overall optimistic economic state of affairs.
Most of the real estate developers are giving many quality and value added services like pools, gymnasium and lawns in their projects. But one of the negative factor is that there is short ready stock with reputable estate developers in Mumbai.Wadala, Chembur,Goregaon East , Mulund, Powai, Thane and Vashi are some of the places in which record sale is recorded in past few months. Overall the property market in Mumbai is stable; the builders who have under construction projects in prime locations with good demand are still increasing their prices every 2 or 4 months. The prices of property in other cities of India are comparatively very cheap as compare to Mumbai.
Rates of Residential and commercial property in Navi Mumbai have ascended since the Special Economic Zone (SEZ) and the Greenfield airport project in Panvel were commenced. It would be soon a city living in Mumbai's shadow, with its fair share of premium commercial and residential properties, multiplexes, glitzy malls, luxury hotels and big commercial spaces.
As the high tech boom spreads across India, more Indians are interested in buying homes; Mumbai properties attract more and more international and local investors. The real estate surge and boom in development activities in Mumbai have led to a rise in investment in residential and commercial sectors.