Mumbai Affordable Homes

We have gone through a tough patch of recession of the century for Real estate industry and market

. The rates sank to all-time lows, with earnings dipping below ventures. However,post mid-2009, the property market has regained momentum - not only in India, but also around the world. Practically every metro across the world has witnessed a surge in property sale / lease. Especially, Mumbai, Hong Kong, Singapore, London, and New York. When it comes to Mumbai, I can dream of wonderful Flat situate in some of the most attractive sea facing area like Nariman Point, Marine Drive etc one could picture. But getting a property in Mumbai is equally hard. The most critical standards for property, especially in South Mumbai, are: Money, Money, and Money.

Properties in Mumbai, be it residential or commercial, does not come cheap. And where there is huge money involved, fraud routinely follows. One should be utmost mindful while purchasing / selling / leasing real estate in metros, specifically like Mumbai. Hence you should always take help from expert businesses / brokers for offering real advice and assistance is all sorts of dealings in real estate in and around Mumbai.

Cost-effective housing in Mumbai has become not only a Joke amongst most of us but it is a like a desire to be satisfied. Owning a house in this city of dreams despite sky large charges and rising EMI rates, the Mumbai Real Estate market is still undergoing a growth. A number of builders are focusing on areas where they are able to provide affordable homes to all. In Mumbai, some of the areas where owning a house has become quite easy are Navi Mumbai, Vasai, Khopoli, Virar, Panvel, Mira Road and more of the western and central suburb areas.

The Apartment/ Flats rates start as low as Rs 25 lacs and goes up to 45 lacs depending on the number of Bedrooms and other Amenties offered. These services involve car parking space, garden, Security, Club house, Gymnasiums and other social utility things. Various Developers are building their projects in such a way to specifically target the Lower Income Groups and Economically Weaker Sections. 1BHK flats are accessible for around 25 to 30 lacs and as the number of bedrooms enhance, the price of the flat also raises massively.

The most critical thing today is to produce low cost flats or low finances apartments for all the people living in the city. Mumbai has the greatest rate of expense of dwelling in India and Mumbai is the most demanding place not only in India but in the worlds Real estate market. Whether it is for education, career, jobs or whatever the reason be it has seen, optimum variety of people attempting to find there dreams each day here. Not many of them are in a position to purchase flats that are at a excessive charge.

by: Vitruvian

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