TOP MUMBAI RESIDENTIAL PROPERTY is undergoing a steady upward trend. Rising prices of Mumbai’s real estate has always made news. This week politician and actor Vinod Khanna bought the country’s most expensive 3-bedroom flat in Mumbai’s Little Gibbs Road on Malabar Hills. This luxurious flat in Il Palazzo cost him Rs 30 crore. Earlier, in January this year a property analysis had suggested that rental values in Bandra-Kurla complex and capital values for commercial property are highest for Nariman Point. These property hotspots were ranked in the top ten list of global order. Topmumbai builders today are giving a lot of quality and value added services like swimming pools, health clubs and gardens in their projects.Sample this, capital rates for residential segment in Marine Drive ranges between Rs 12,000-20,000 per sq ft. Even the suburban areas like Jogeshwari, Malad and Borivali command property price of Rs 4,800-6,500 per sq ft for residential segment. This is by far the highest property rate all over India.
Property prices in Delhi’s posh areas like Model Town, Jor Bagh range of Rs 8,250 - 11,000 per sq ft One major reason for Mumbai’s rising real-estate prices is that the city has acute space crisis. The city is linear in dimensions and tapers towards the sea. Thus, there is hardly any scope of expansion. The city can only stretch its borders in north and north-west, where Mumbai’s extensions like New Residential Project In Mumbai have already taken shape. Other cities like Delhi, Bangalore are blessed in this regard since these cities can stretch their borders in all radial directions. Also, Mumbai is the country’s financial capital. Hence all commercial establishments need a foot-hold in Mumbai. All commercial establishments need a foot-hold in Mumbai. Hence, Nariman Point is one of the most expensive commercial locations in the world. Nariman Point is one of the most expensive commercial locations in the world. TOP MUMBAI PROPERTIES is that there is limited ready stock with good property builders in Mumbai.
In the rest of the city, commercial property commands values between Rs 3,500-5,000 per sq ft. The lease rates for commercial property in Grade a space (like Bandra West, Ballard Estate, Lower Parel) comes between Rs 200-350 per sq ft. To own a beautiful house in first-rate area of any city is everyone’s dream in India today. But not every dream comes true. Not every dream comes true. And this dream becomes all the more difficult to come true if you would like to own a house in big cities like Mumbai, Delhi, Kolkata, Chennai, and Bangalore. In big cities and above all in Mumbai, it takes a gigantic task to come across to an appropriate house within your means. But this tricky task can be made trouble-free if you can engage the services of a competent property consultant who knows each and every thing about Mumbai Real Estate market. This tricky task can be made trouble-free if you can engage the services of a competent property consultant who knows each and every thing 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 encompass one of the biggest urban agglomerations in the world that is only second to Tokyo. The population of Mumbai is increasing at a massive rate. Mumbai has always been lower than the rate increase in population. As a result, you come across families in Mumbai who are forced to live in small rooms. According to the national census of India of 2001, every other person in Mumbai is living in slum. 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. There are many fine real estate agencies in Mumbai like Better Homes India who can do that for you at less commission. TOP MUMBAI PROPERTY agencies have years of practical experience of working in Mumbai real estate market to come good for you.
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