{"id":21358,"date":"2013-07-24T16:59:16","date_gmt":"2013-07-24T11:29:16","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=21358"},"modified":"2020-06-15T03:52:57","modified_gmt":"2020-06-14T22:22:57","slug":"mumbai-property","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/mumbai-property\/","title":{"rendered":"Mumbai Property"},"content":{"rendered":"

\"mumbai-property\"Mumbai! The name makes an array of images pass right in front of our eyes. Basically you have the Bollywood film industry to thank for this effect but there is more to the city that one falls in love with than just the images portrayed by the movies. It is called the city of dreams and also the city that never sleeps. In a way both the names combine to mean that your dreams in this city will be realized when you are awake and working hard to change those dreams into reality. Mumbai is the one city in the country which does not judge a person by the past. Thus fates change here every day and paupers can become multi billionaires.The economic capital of the country and an important node in the world economic system, Mumbai has been recognized as an alpha world city. Its recognition in the financial world leads numerous people every day to come to the city with a dream. Cost of living in the city is reasonable but when it comes to the property market the prices are unimaginably high. However the city cannot exactly be blamed for this. Mumbai is the fourth most populated city in the world. The demand of properties in the city is high and the city is fast spreading in the suburbs in Navi Mumbai and Thane.Builders in Mumbai<\/strong>It should come as no surprise that the city which has such a high demand of commercial, residential, retail and office space will be thronged with builders. The list of top builders based in Mumbai or active in the city is twice as long as any other city. Names like Godrej Properties Limited, Lodha Group, Kalpataru, TATA Housing Development Company all originate from Mumbai. Many new builders are also coming to the city and its suburbs as the population is spreading out. In areas like Bandra Kurla complex, Narimen Point, Worli and Lower Parel where commercial and retail industry are developing fast, not only office spaces but residential spaces also are coming to be in high demand as people are choosing to live closer to their workplace. Here is a list of the builders in Mumbai<\/a>.Projects in Mumbai<\/strong>Mumbai has the tallest as well as the most remarkable buildings in the country. No wonder it is called the Indian city of skyscrapers. Not just tall but they are also coming in different shapes like an egg shaped building coming up at present. Many beautiful residential towers are coming up in place where the old cotton mills were once situated. Though Mumbai\u2019s most easily recognizable stretch is the Marine Drive, many new Mumbai projects<\/a> have come to change the face of the city. Not just vertical, projects in Mumbai are becoming more attractive with golf courses, sports centers etc.Properties in Mumbai<\/strong>Frankly speaking, Properties in Mumbai<\/a> are way too expensive. The property prices can easily compete with that of New York or Chicago on any given day. But there are very good reasons for this too. Mumbai can offer the best in lifestyle, entertainment, career prospect, education and what not. Some of the most sought after areas of Mumbai are Parade Cuffe, Marine Drive, Santa Cruz, Ghatkopar and Khar.Property rates in Mumbai<\/strong>The most sought after areas in Mumbai are also the costliest. Mumbai has the 16th most expensive residential market in the world. Property rates in areas like Colaba, Cuffe Parade, Malabar Hills and Napean Sea Road can be as high as Rs 57,800 per sq ft. Recently properties in Dharavi, the Mumbai\u2019s infamous slum has started to sell properties at over Rs 1 crore. All over Mumbai property rates<\/a> have increased between 10-25% in the last year.Property tax in Mumbai<\/strong>Property tax in Mumbai<\/a> is collected by the Brihanmumbai Municipality Corporation. Like all other cities residents of Mumbai have to pay property taxes. The rate of taxes is no higher than what is required to maintain the properties of a grand city like this one.Investment tips<\/strong>Mumbai is an extremely rich market for investments. It literally reaps gold for investors. Even if proper Mumbai and most of the in-demand areas in Mumbai have become unaffordable for many investors, investing in property in the Mumbai suburbs can prove to be equally profitable. But caution always needs to be maintained and that is true for this rich market as well. Before investing in Mumbai, study the market trends thoroughly, analyze the investment tips<\/a> and also investigate the location where you intend to invest.Upcoming areas<\/strong>The city is bursting at the seams to accommodate the ever increasing population that is rushing into the city of dreams. But as people\u2019s affordability is often limited not everyone can settle down in the heart of Mumbai. But does this mean that people will stop going to the city where they have the greatest scope for realizing their dream? Not in a 100 years. So Mumbai is expanding. Some of the upcoming areas of Mumbai are Parel, Powai, Thane<\/a>,\u00a0Belapur<\/a>, Airoli<\/a> etc.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Mumbai! The name makes an array of images pass right in front of our eyes. Basically you have the Bollywood film industry to thank for this effect but there is more to the city that one falls in love with than just the images portrayed by the movies. It is called the city of dreams […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21358","post","type-post","status-publish","format-standard","hentry","category-prop-trendz"],"blocksy_meta":[],"yoast_head":"\nMumbai Property -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/mumbai-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mumbai Property -\" \/>\n<meta property=\"og:description\" content=\"Mumbai! The name makes an array of images pass right in front of our eyes. Basically you have the Bollywood film industry to thank for this effect but there is more to the city that one falls in love with than just the images portrayed by the movies. 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