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Sudden boom in Mumbai Property where NRI is also investing their hard earnings



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By : Vinay Jain    29 or more times read
Submitted 2012-03-22 11:38:16
Mumbai being the most preferred property investment destination in India after Delhi. The property in Mumbai is currently in a state of flux and clear-cut government policies, plus a strong customer focus, will go a long way towards unlocking its potential. With Mumbai fast expanding towards the central suburbs and beyond the center of the city is gradually shifting to Vikhroli. As developers transformed the living experience in the areas and inside the complex, everything from greenery to sports to security is taken care of. While the old style buildings are basic in nature, the new buildings with lifestyle amenities and value added features inside the apartment are by private developers.

The central suburbs of Mumbai provide value for money and affordable lifestyle options. Buyers prefer central suburbs, as it is not only cheaper as compared to South Mumbai but also well connected as well as availability of quality housing. The home buyers today has decided to choose the suburban locations for living and investment reasons because of the infrastructural activities, affordable rates and availability of resources.

The lifeline of Mumbai is its Local Train that carries thousands of people to their destinations. About fifteen million people live in Mumbai - industrialists, film-stars, artists, workers, teachers and clerks; all living under one roof of Mumbai. They come from various social and financial backgrounds and speak different tongues, adding flavours and texture to the Great Mumbai. India's largest and most multicultural city, Mumbai's business culture seems informal and quite friendly. Getting a residential property in Mumbai is one's biggest dream in the city. World's biggest Real Estate companies have their Real Estate housing projects in Mumbai. To name some we can say Mumabi has Ostwal Group, Kamla Landmarc, DLF, LODHA Group, Marathon Builders, UNITECH, JP Associate, Nirmal Lifestyle,, Siddhitech Homes, Hubtown group, The Kalpataru Group, Arihant Group, Ravi Group, Omkar Developer, Rustomjee, Runwal Group, ACME Group, Ajmera Group, Nirmal Lifestyle Group, Orbit Group, Arihant Group, Mohan Group, Runwal Group, RNA Corp. Group, Lokhandwala Construction Group, Indiabulls Real Estate Limited, Ekta Group, K Raheja Corp Group, Sheth Infrastructure Group, Orbit Corporation, Mahindra Lifespace LTD, Neptune Group, Oberoi Constructions, Akshar Group, Sunil Mantri Realty Ltd., Wadhwa Developers, Dheeraj Realty, Hicons Developers, Skyline Group, DB Realty, Raunak Group, Vijay Group, Kanakia Spaces, Sanghvi Group, S D Bhalerao, Rutu Group, B.R. Housing etc. real estate property building companies who have their housing development projects in Mumbai. They are developing Mumbai and India by providing Mumbaikars a sweet home apartment. Everyday a number of people come to Mumbai to find their bread and butter, once they get employed, they seek a either a rented house or a residential property in Mumbai.

Suburban areas such as Thane, Kalyan, Airoli and Vashi, Mira Road, Panvel have become the focus for property buyers now. The main reasons backing the growth that Mumbai is witness to includes infrastructural developments like the International Airport, Mono Rail and Road widening projects among others. Experts opine that the city holds promise of being the much-sought after residential destination in present year and coming year as well. With high-end properties in Mumbai an inviting sea-front, splendid architecture and relatively better and developing civic infrastructure than Mumbai and the rate of property in Mumbai is within the reach of many. Thousand of people migrate to Mumbai with a dream to become a film star and thus increasing the demand of housing.

A recent survey shows that nearly 28% people all over India wish to own a house in Mumbai. The real estate sector has been a sudden boom in the recent times. On the real estate front, Mumbai offers several options that match global standards as enjoyed by NRI's in the countries where they are currently based. Residential complexes, commercial buildings and retail structures in the city are excellent in terms of quality, earth-quake resistant structure, design and architectural excellence and landscaping, on par with the best worldwide. They are constructed so as to take care of the present as also of the future needs.

Author Resource:

PropTiger.Com is a one stop shop for all your property requirements in India. We Provide best deals & original booking in Property in Mumbai & Residential Property in Mumbai .

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