Insight of Mumbai Real Estate Market

Submitted by Daniel Marshel

To own a beautiful house in first-rate area of any city is everyone’s dream in India today. But this dream becomes all the more difficult if you would like to own a house in big cities like Mumbai, Delhi, Kolkata, Chennai, and Bangalore. In metros like Mumbai, it is a gigantic task to come across an appropriate house within your means. But this tricky task can be made easy and trouble-free if you can engage the services of a competent property consultant who knows the in and out about Mumbai Real Estate market.

Mumbai property market is the largest real estate market in India. With a population of around 19 million people, Mumbai and its suburbs encompasses one of the biggest urban agglomerates in the world, that is only second to Tokyo. The population of Mumbai is increasing at a massive rate. Unfortunately, the rate of new residential and commercial property development in Mumbai has always been lower than the rate of increase in population. As a result, you come across families in Mumbai who are forced to live in small rooms. All these facts point to the amount of intricacy you can face while locating a suitable property in Mumbai either to buy or rent-in.

To stay away from this difficulty, my advice for you would be to take into service a competent real estate consultant in Mumbai. These agencies with years of practical experience of working in Mumbai real estate market can help you under different circumstances. They can help you to locate and buy a commercial or residential property in Mumbai for you. As well as, they can be a great helping hand if you want to sell property in Mumbai. They can even help you in case you are looking for long or short term rental in Mumbai.

Since population graph of Mumbai shows an upward trend, it means that property prices in Mumbai would be higher when compared to any other Indian city. Lack of space for new property development from Juhu Beach to South Mumbai, has made the property prices in this area to shoot skywards. Of-late there has been a new craze of redevelopment of property in posh Mumbai areas like Bandra. But the property prices in areas like, Juhu, Bandra are to some extent unaffordable to middle class. With the intention to win this segment of the society, the market of real estate in Mumbai is developing various projects in the suburbs of the city.

Navi Mumbai, a suburb of Mumbai, is their main target in order to provide affordable commercial residential property in Mumbai. Known as the twin city of Mumbai with a population of 0.75 million, the future of Navi Mumbai real estate is very bright and property prices here are already started to move upward quickly. And to me it is the best time to buy property in Navi Mumbai.

As a Mumbai real estate consultant my advice to you would be to buy property in Mumbai suburbs instead of main Mumbai city. As suburbs like Navi Mumbai are being developed with modern plan and infrastructure providing every facility of life; property prices here are surging in these areas. The choice is yours but there is one thing certain. The property value in Mumbai is going to increase with course of time and an astute investment in Mumbai real estate market can earn you massive profit in future.