subject: Mumbai Residential Property Rate Is Likely To Remain High [print this page] Expert holds the opine that the city promise of being the much sought after residential destination in the coming years. With high-end properties, an inviting sea-front splendid architecture and relatively better and developing civic infrastructure than Mumbai, the rates of property in the city is within the reach of many. The Mumbai residential property market has undergone several changes over time. Earlier, buyers were satisfied simply with the four walls of a home. Gradually, as aspirations rose developers started providing various external and internal amenities, adding to the 'luxury' factor in residential property. Today, home buyers take these basic amenities for granted; they are well read and aware and want products that offer value for money.
Developers also ensuring that they give a wholesome living experience to their buyers and are coming up with unique ideas in tune with customers' needs. As being the most robust residential property market, Mumbai residential property is growing at an exponential graph. Today Mumbai is considered as the investors paradise which is attracting thousands of people everyday. Developers say that towering residential property that have come up in the suburbs of Navi Mumbai and beyond are designed aesthetically and include a host of amenities that are at par with what is offered by Mumbai based developers. Mumbai discerning home buyers in the Mumbai Metropolitan Region (MMR) are now looking for residential property . The home seekers have gone beyond 'location', product and price and on these three fronts Dombivali-Kalyan and its peripheral areas offer an unmatched solution to their needs.
Mumbai being the most desired property destination for the residential property hunter has attracted major builders and developers not just in India but also the foregin collaborators. Most of the suburbs of Mumbai like Ghatkopar, Vikhroli, Kanjur Marg, Bhandup, Mahim and Matunga have old and new style buildings. Typically for middle class localities, these areas were home to old style buildings until developers saw an opportunity here. The developers transformed the living experience in these areas and inside the complex, everything from greenery to sports to security is taken care of. While the old style buildings are basic in nature, the new buildings with lifestyle amenities and value added features inside the apartment are by private developers.
The price of residential property in Mumbai are skyrocketing but still the supply of quality constructions falls way short of the demand. But real estate players say that the luxurious apartments along with facilities for recreation like playgrounds, swimming pools and even temples and community halls are a huge hit amongst such buyers. Today in order to meet demand of different categories of buyers, property developers are dveloping residential property, also commercial and retail space as well. This made Mumbai one of the coveted hot spot both residential and commercial property. Today in new construction, both lifestyle amenities and add-ons in apartments is the norm rather than the exception in all types of locatities.
