Mumbai, the financial capital of India, despite of being one of the biggest and most well-established city in real estate market in India, it is still experiencing a strong growth with regards to property in all segments. There is tremendous growth in the real estate business. Buyers across the country are looking Mumbai as the best option for purely investments reason.Residential and Commercial Real Estate:Residential real estate has emerged as the promising asset class. In case of Residential property, maximum demand is found in the mid-level segment. Mumbai residential market showed a positive growth of 0.3% as of September 2012. New residential properties are developing in the centre of Mumbai and south of the city. The demand for the quality residential leased apartments in south and south central Mumbai has increased significantly in past years. The quality of apartments in Mumbai have drastic differences, you have right from an old world charm in older buildings in Colaba and Walkeshwar to Brand New Blocks. The mostly favored properties are the 2, 3 and 4 BHK with Modern Amenities and Some qualities like Terrace, Balcony and good views and openness.Mumbai is still growing quickly in terms of economy and although most global corporations now have headquarters in Mumbai, demand is showing no signs of slowing down. Commercial property prices are increasing faster than that of the residential homes. New commercial buildings are emerging every now and then. The occupancy consistency ranges between 90 to 95% for commercial buildings in Mumbai. The estimated supply of office units in real estate Mumbai is around 25million sq.ft. 33% of that office space is located in the western suburbs like Bandra-Kurla Complex, Andheri, Goregaon and Malad and 27 % is located in the central areas like Kurla, Wadala, Ghatkopar and Thane.Many unique and interesting real estate projects are coming up in Mumbai. Renowned real estate developers like Lodha Group, Godrej Properties, DLF Project are expanding their projects in Mumbai.Real Estate Prices in Mumbai:The real estate prices in Mumbai have gone very high. Even though the prices are high, investors and the private equity firms are seeking out opportunities to buy real estate in this city. Wadala, Chembur, Breach Candy, Worli, Colaba, Vile Parle, Santacruz, Juhu, Andheri are some of the real estate hot spots in Mumbai.Below are the property prices for the prime locations in Mumbai:Residential Property Prices (per sq,ft in Rs.):
- Andheri West: Rs. 17,000 to 17,700
- Breach Candy: Rs. 63,000 to 69,800
- Mira Road: Rs. 4,900 to 6,700
- Kanjur Marg East: Rs. 9,900 to 10,100
- Worli: Rs. 35,300 to 39,700
- Mulund East: Rs. 9,000 to 12,800
- Bhayandar West: Rs. 6,100 to 7,900
- Malad East: Rs. 10,800 to 12,800
- Colaba: Rs. 41,400 to 50,400
- Santacruz West: Rs. 24,100 to 28,800
- Santacruz East:Rs. 15,000 to 19,000
- Vile Parle East:Rs. 19,500 to 22,900
- Vile Parle West:Rs. 18,900 to 30,500
Commercial Property Prices (per sq,ft in Rs.):
- Andheri East: Rs. 9,000 to 55,000
- Colaba: Rs 31,150 to 77,000
- Bhayandar East: Rs. 5,000 to 14,000
- Chembur: Rs. 13,800 to 38,500
- Parel: Rs. 32,000 to 56,300
- Mahim: Rs. 21,500 to 42,600
- Tardeo: Rs. 25,500 to 55,000
Though the real estate prices may go higher but their demand will not decrease. Mumbai was and will certainly be the top choice for real estate investments.займ на карту без отказов круглосуточновзять кредит онлайн