Mumbai is the largest real estate market in the country. The Mumbai property market is expanding at an unprecedented pace. There is a rise in demand for residential property in the metropolis buoyed by major infrastructure development. Currently, there are 9 metro line projects under construction. These metros will increase connectivity allowing easier commutes for working professionals. The development is poised to increase construction activity across all the localities in the city.
Several township projects in Mumbai are already emerging in anticipation of the new metro lines to be operational. There is a greater focus on developing luxury projects by real estate builders in Mumbai that offer superior amenities as the financial power of buyers is increasing.
All these factors make Mumbai one of the most lucrative property markets to invest in:
1. Strong Demand
Mumbai is known as the ‘City of Dreams’ because everyone wants to come to this megapolis and make their mark. There is a constant and increasing demand for property in the city due to the huge influx of people from all over the country. This makes the city the best option for property investment.
2. Limited Land Availability
The geography of Mumbai is such that it is restricted on all four sides, unlike other cities. The demand for residential and commercial property never stops. These factors make the property in the city highly valuable driving the property appreciation year after year. For instance projects in Kandivali West are seen consistent appreciation in value.
Original article published at https://www.ezeebiz.in/why-investing-in-mumbai-real-estate-is-a-good-idea/