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Property in Mumbai

Mumbai, the commercial capital of India, is the center of the country's trading activities. Due to its substantial growth in the IT sector, the city has grown as a prominent business center of the state of Maharashtra. It is also home to Bollywood stars and has positioned itself as an arena for luxurious lifestyle. The presence of the film industry and a very strong fashion industry has resulted in the soaring rates of properties in Mumbai. There is now a huge demand for property, both residential and commercial. With people from different walks of life moving in to Mumbai to find better employment opportunities, the demand for residential properties is increasing at a faster pace.

In the bustling metropolis of Mumbai, people often find it quite difficult to locate commercial and residential properties, to buy or for rent. In order to provide a solution for this dilemma, a number of real estate builders and developers have come into the picture. They are developing commercial and residential properties, to suit the heterogeneous needs of the buyers of the city. The services offered by the builders and real estate agents are especially helpful in buying, selling, renting-in and renting-out residential and commercial properties in Mumbai.

South Mumbai is dotted with multiplexes, malls, entertainment hubs and amusement parks, with state-of-the-art facilities. The prices of properties in Nairoli, Malad, Andheri and Powai are skyrocketing. Nonetheless, people are investing in properties in these areas. Worli and Vashi are other areas of Mumbai, where one can invest in both residential and commercial properties.

Residential Properties in Mumbai
The flexible and dynamic real estate market of Mumbai caters to the housing needs of people belonging to different strata of the society. The city is home to both rich and the poor. The availability of cheap and comfortable residential properties in Mumbai has made the city abode to people from diverse walks of life, right from villages to sub-urban areas, small towns and other metropolitan cities. Residential properties can be purchased and sold without much of a fuss, here. Some of the hotspots for the sale and purchase of flats and apartments in Mumbai are Nariman Point, Marine Drive, Malad, Ghatkopar, Malabar Hill, Andheri, Worli, Borivali, Lokhandwala and Versova. The plush localities of the city, where luxurious housing complexes can be purchased and sold, are Cuffe Parade, Nepean Sea Road, Colaba, Bandra, Juhu and Bhandup. Apart from the interiors, many housing companies are also taking efforts to develop land in the outskirts of the city.

Affordable options of residential properties can be found at Navi Mumbai, a sub-urban region of the city. Properties with modern infrastructural facilities can also be found in North Western and Eastern suburbs of the city. The Mumbai Metropolitan Region Development Authority has played a key role in the development of residential colonies in Mumbai. Low-cost houses developed by the Authority are a sigh of relief for the meagerly waged residents of the city. Moreover, an easily payable loan facility offered by banks and financial institutions is a helping hand for the middle class people, to fulfill the dream to own a house in Mumbai.

Top Builders and Developers in Mumbai
Since Mumbai is the financial capital of the city, where real estate business is booming, a number of builders and developers have already entered into the city, with their residential and commercial property projects. Dubai-based leading real estate developer Emaar Properties PJSC and MGF Development Limited India have collaborated to launch their luxurious residential and commercial properties projects, including residential plots, villas, town homes, townships, shopping centres, commercial complexes, malls, international standard office spaces and units and IT Parks, in Mumbai.

With its multi-crore projects in hand, renowned developer Unitech India Limited is planning to establish its name in Mumbai, with its luxurious residential projects. DLF Group and DLF Universal have marked their presence in Mumbai, with their luxurious projects that include DLF Apartments and DLF Constructions. The housing projects of K Raheja Corporation have been flourishing in Mumbai, since the last decade. Shipra Group, Orbit Corporation, D.B Realty, Kalpataru Group, Future Group and Godrej Properties are other popular builders and developers in Mumbai.

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