Mumbai often termed as the city of dreams has its real estate market buzzing around the year. Mumbai also called as the financial capital of India has some of the biggest names of the real estate industry associated with it. It is also the most preferred real estate destination for property hunters & and over the coming years not only attracted major developers & construction houses but also some foreign investors.
During the global downturn there was a slight shift in interests among the investors, advertisers & buyers due to the market conditions. Buyers & investors opted for the wait & watch approach during that period which led to the decrease in the demand for properties not only in mumbai but also across India. But now the real estate market is growing at a fast pace and has not only managed to overcome the crisis but also has shown a steady growth overall. The government has taken some preventive measures in order to cope up with the situation, which has created a positive buzz & has made mumbai a hot spot across the globe.
Mumbai real estate market has the highest numbers of property developers & builders in India. Even though the property prices in mumbai are very high but the supply of quality raw materials & construction falls way short o the demand. The recent media reports & market trends clearly indicate of an exceptional increase in the commercial office spaces & a steady growth in demand in the residential sector across mumbai.
Mumbai real estate sector is often considered as a price sensitive destination has seen a decent appreciation in property prices. In addition to that, the rentals & apartment values have seeing a steady increase in the past couple of years. As far as future market trends are concerned the government has coming up with various new infrastructure projects which includes airports, flyovers and much more which is creating a positive impact on the on the entire real estate scenario in mumbai which also will bring some fruitful benefits in the coming years.