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Are you thinking of buying property in Mumbai? Mumbai offers several property options to home buyers. Mumbai is considered the financial capital of the country and is home to some of the largest corporations, multinationals, financial institutions and business conglomerates in India. Mumbai also has a thriving industrial and manufacturing sector in addition to other flourishing industries like media, entertainment, pharmaceuticals, real estate, hospitality, FMCG, IT and many more. This has created demand for quality residential Mumbai properties. The Mumbai real estate market has expanded to the outskirts of the city and beyond. The Mumbai property market encompasses Mumbai, Thane and Navi Mumbai in addition to areas beyond Thane as well.
There are several options in terms of buying properties in Mumbai for sale. Residential apartments are mostly available at new projects and complexes while there are quite a few resale options available in the housing market in Mumbai as well. Property prices have gone up hugely in Mumbai over the years though the market is a little stagnant at present. Property rates in Mumbai though high, are due for a correction in the near future and may become a little more affordable in a few areas. South Mumbai is the prime residential zone of the city and has the highest property rates. Other areas in central Mumbai and the CBD also have high property rates while the rates are a little more affordable in the western suburbs and also in north Mumbai and beyond.
Some popular areas to buy property include Santacruz, Ghatkopar, Wadala, Chembur, Mulund, Mira Road, Andheri, Vile Parle, Lokhandwala, Sion, Dadar, Juhu, Bandra, Borivali, Kandivali and areas like Panvel, Kanjurmarg, Kalyan, Badlapur, Thane and Ambernath outside the city. The Greater Mumbai region also extends from Colaba in South Mumbai Mulund, Dahisar and Mankhurd. There are property options for every budget in Mumbai though the highest property rates in places like Nariman Point, Bandra and Worli can go up to anything between INR 30-50, 000 per sq. ft. while property beyond Panvel or beyond Thane can be available for anything between INR 3-5, 500 per sq. ft. approximately. There are several new launches and pre launches in Mumbai along with ready to move projects that you can check out, especially in the western suburbs and other rapidly developing areas.
Mumbai is one of India's most iconic cities and is the birthplace of Indian cinema. It is home to Bollywood, the largest film industry in the world in addition to possessing numerous tourist attractions, weekend get-aways, beautiful monuments and landmarks and lovely architectural marvels. Mumbai offers top class social, entertainment and recreational facilities to residents in addition to possessing some of the best educational institutions and hospitals in the country. Mumbai is known for its vibrant sporting culture and is home to the iconic Wankhede Stadium and several sporting clubs.
Mumbai is India's wealthiest city and has the highest number of millionaires and billionaires amongst all other cities in the country. The GDP of Mumbai is also the highest amongst any city in West, South or Central Asia. Mumbai offers a well developed transport system including the Mumbai suburban railway, BEST bus network, metro, monorail, other state and private buses, auto rickshaws, ferries and taxis. Mumbai is home to several national highways, expressways and other major road connectivity avenues like the Bandra-Worli Sea-Link, Eastern Freeway and Santacruz-Chembur Link Road to name a few. The Chhatrapati Shivaji International Airport is the second busiest in the country while a new Navi Mumbai International Airport has also been sanctioned. Mumbai has two major ports and is a major navy base as well.
If you are thinking of buying residential properties in Mumbai, you should look no further than SquareYards, which is India's premier real estate portal with all the projects, information, assistance, insights and advice that you need. SquareYards helps you buy/sell Mumbai property more transparently and is a friend/guide/philosopher throughout the entire property buying/selling process.