Mumbai Residential Market Is Touching Sky High Again!

Property in Mumbai has been in great demand ever since Mumbai emerged as the industrial capital of India

. Mumbai is famous for its name and fame and is considered as one of the most well planned cities in the nation. One of the main reasons for the high demand for Mumbai property is that the entire city enjoys the advantage of metro connectivity.

Real Estate in Mumbai comprises of both residential as well as commercial property and has a lot to offer like plush penthouses, luxurious duplexes, spacious apartments, villas, bungalows, showrooms and 'built-to-suit' commercial spaces for sale. Mumbai is not only the most populous city in India, but also the fifth most populous city in the world and the fact is that it also happens to be the capital of the state of Maharashtra which adds to the growth and development opportunities of Mumbai in terms of real estate.

Over the past couple of decades, several prominent real estate developers in India have come up with various types of residential and commercial projects in Mumbai, including some big players such as RNA, Lodha, DLF, Nirmal Lifestyle and Indiabulls. In fact, Mumbai properties has been so much in demand that the builders have now started coming up with projects in the peripheral areas such as Dombivali, Thane, Dahisar and Virar. Some of the most impressive residential properties for sale in Mumbai include Lodha Aurum Grand, Lodha Casa Bella Gold, Nirmal Lifestyle City, Indiabulls Greens, RNA Mirage and many more that brings together the best mix of convenience and comforts of the city like swimming pool, club house, nursery, gymnasium, lift, health facilities, power backup, 24-hour water supply & recreational facilities.

Mumbai is considered as one of the most lucrative options to invest your earnings. In the past two quarters, property prices in some localities and specific projects of Mumbai have seen a drop of about 5-10%. However, brokers also added that new launches that are likely to be lower this year may revive the market only if any meaningful discounts are offered.

Even it has been noticed in Personal Finance Magazine- moneylife that Mr. Pankaj Kapoor, managing director of realty research firm Liases Foras, expects realty prices to come down slowly and in installments, as and when developers have no other way to get funds but to sell property at reduced rates. He also expects that the residential property prices in Mumbai may correct by 33%.

If you wish to buy property in Mumbai, we at Uniconproperty.com can help you book a residential or commercial property with our exclusive zero brokerage services, thus enable crystal clear and secure real estate deals. Unicom Real Estate Pvt. Ltd specializes in services related to the purchase of properties, documentation, renting and leasing, investment advisory services, property valuation and assisting clients with home loans. Unicon Property aims at providing its customers with the best deals in commercial as well as residential properties in India, winning the customers trust in doing so, by providing them with dependable and transparent services and transactions. Unicon Property helps you buy property in Mumbai at zero brokerage. Just give us a call at 09999561111.

by: UniconProperty

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