Why is Mumbai real estate an opportune time for investors?

There is demand for property in Mumbai from fund managers. The fund managers are eager to invest in real estate in Mumbai. A recent report shows that the fund managers are moving away from investing in markets like Japan and Australia as compared to the emerging markets such as Vietnam, China and India. 

The Growing Mumbai market

In India, Mumbai is position as the second most attractive destination for investment after Bangalore. The Silicon Valley of India, Bangalore, stands as the most attractive destination for investment due to its status as India’s IT hub. However, the demand for real estate in Mumbai has also caught the eye of foreign investors. Many companies are opening offices and research centres in Mumbai. A common pattern, which has been observed in the Mumbai market, is that as more office space will develop, there will be greater demand for properties in the city. There may be more demand for apartments in Mumbai and investors will be interested in investing more. 

Infrastructure and Growth

A major rail and road  project in Mumbai will lead to a smoother flow of traffic in Mumbai and improve the connectivity within the city. Major projects are expected to be completed over the next three years. Mumbai is regarded as the most expensive city in the country. Mumbai was also ranked second in India in terms of “Historical Investment Prospect Ranking” for 2017. As the central government has removed many regulatory obstacles, the investors believe that the government is eager to welcome foreign funds in Indian real estate market. Many who work in the real estate industry in India has hailed the establishment of a REIT (Real Estate Investment Trust) framework in the near future. They, however, feel that new issues need to be addressed before such a framework can be successfully created. 

The report suggests that any type of investment in Mumbai will be beneficial to the market in the end. There is a need to take potential measures to remove red-tapism and other bottlenecks. It will help to improve investment in Mumbai property market and make it safe for investors. 

An account of Top Builders of Mumbai

Mumbai has been the most popular destination for many of people who want to be a part of this magical city. The city of Mumbai is truly nicknamed as the maximum city as this city is always high spirits irrespective of any situation. A hub of business and entertainment Mumbai has been alluring enormous populations towards it. 

Most of the people who come to Mumbai eventually settle here and this is the reason property has been a debatable issue. The core Mumbai city is saturated decades ago and now it stretching its boundaries rapidly. There is a massive demand for all kinds of establishment and thus builders and developers in Mumbai are the most sought after people.

So, we will check out the list of builders in Mumbai

• Lodha Group- The Company was established in the year 1980 and is the pioneer in the real estate in the country with it’s headquartering in Mumbai. It is a group of 1000 vibrant young people and is the developing an area of 29 million square feet and it is divided into 38 projects. Lodha group is developing an area from Napaen Sea to Domibivili, which makes it the biggest builder in Mumbai.

• The Wadhwa Group-This is 40 year old company which is operating Mumbai and they have earned reputation over the time. They have been delivering questionable quality in their projects. The factors which have made it a popular company are trust, efficiency, meticulous planning, premium quality of amenities superior design, time bound completion, assured possession. Till now 800 projects are completed by the company and 10 million square is delivered.

• Sheth Crop-  Sheth developers was founded by Mr. Aswin Seth in the year 1986.Since the outset of the company , this organization is being engaged in the building of some the large projects such as townships,  complexes and skyscrapers. They have executed these plans through successful planning, abiding focus on quality and customer-centric design. Whenever any milestone is created there is muted tribute to the land and its people and this doctrine of the company has steered the course of a simple real estate industry to a giant.

Mumbai’s real estate business is growing at a rampant rate even if the there is downsize in the industry. There is a consistent demand of the housing, commercial and office offices which is keeping the industry alive and vibrant. Hope the list of builders will help the readers.

How is redevelopment work changing the look of Mumbai City?

A new Maharashtra housing policy initiative will benefit buyers those who are seeking property in Mumbai. The initiative is expected to boost real estate development in Mumbai suburbs. The government's visions such as "Housing for All" are expected to be within the reach of the governments now. Along with it, the Maharashtra housing policy initiative is seen as a step towards this goal.


The Current Scenario

It is no surprise that Mumbai faces an acute shortage of land thus owning real estate in Mumbai market is highly expensive. Even a few homes in Mumbai’s slums are said to command a market price of nearly Rs 1 crore, which indicates that nearly any property in Mumbai is worth owning and investing in currently. Although Mumbai is the financial capital of the country, there are certain issues at times that the maintenance, which is neglected by the concerned authorities. Many such old projects in Mumbai require the utmost care so that such developments look attractive to the homebuyers.

Planned Actions by Authorities

The Brihan Mumbai Municipal Corporation (BMC) has taken steps aimed towards redevelopment and cluster development, which would mean that BMC would redevelop entire localities rather than only redeveloping single buildings. The BMC is also expected to redevelop the Dharavi slum, transit camps in Mumbai, and Maharashtra Housing and Development Authority (MHADA) structures as well.

The Expert View

Experts believe that such actions by the BMC would result in a complete makeover of the cities suburbs. The Maharashtra Government has taken the first steps towards recognizing the need for affordable housing in Mumbai. The government’s announcement on cluster development is the first step towards providing housing for the middle and lower income segment. Once the city has undergone a significant makeover, the value of luxury flats in Mumbai may also rise further.

The Details

The new housing policy initiative has proposed the redevelopment of buildings. It is expected that builders in Mumbai will be granted a Floor Space Index of three for the redevelopment of a plot of size 2, 000 square meters. Additionally, the real estate developers in Mumbai will also have the option of purchasing an additional unit of FSI space from the MHADA on certain conditions.
Not only this, the development is planned to extend to Mumbai’s suburbs.

For instance, non-buildable plots in the suburbs can also be developed. The redevelopment of old and dilapidated buildings will be done with the aid of a cluster scheme. This initiative is the first in the country and aims to improve the quality of real estate in Mumbai and increase the standard of living for the cities dwellers.

Top Builders in Mumbai

 Real Estate Builders  in Mumbai, Compare, Analysis 

The appeal of living in Mumbai is not lost of those who view the city from the outside, though many are wrong in assuming that the streets of Mumbai widely and regularly traveled by movie stars and actors, a visitor is still likely to run into an actor at a popular night spot.Whether someone owns an exclusive property in Mumbai or lives in many of the shanties in the city, the citizens of Mumbai believe that on the streets of Mumbai all of the denizens of the city are made equal. 

Even the top builders in Mumbai who construct homes for the rich and famous of the city, often are soft spoken with little to indicate a belligerent temperament resides within them, in contrast a builder in parts of the capital is expected to be tough and a go getter and needs to be so to be respected by his colleagues and to get work done. 

Malad is a suburb located in the northern part of Mumbai. It was initially inhibited by the Koli fishermen. It has become an attractive residential area for white-collar middle-class population from different communities; there are some small industrial estates as well. These two developments have resulted in the growth of large slums too. The proposed metro project of Mumbai also connects Malad.

1. Liveability-Investment Index Understand the locality ratings of Malad Mumbai across various parameters.

2. Real Estate Trends in Mumbai. Analyse the locality based Real Estate prespective of Malad Mumbai .

3. All Projects Malad Mumbai.

Mumbai Real Estate Market ready for one more Bang

The newly announced SEZ at the Jawaharlal Nehru Port Trust in  Mumbai has been the talk of the town. The foundation stone of this project was laid down by the Prime Minister Narendra Modi which is estimated to cost around Rs.4, 000 crores. With this disclosure, the prices of the real estate Mumbai will surely get appreciation.

According to Mr. Arvind Goel who is the president of the Maharashtra Chamber of Housing  Industry , this Government owned SEZ will surely be a key player in the enhancing the property in  Mumbai.

Let us find out how it is going to affect the different segments of the real estate industry in  Mumbai

The Amount of appreciation in Price- At present average flats in  Mumbai which is of 2BHK size costs around 70-80 Lakhs and after this advertisement the rise in the price of the properties is  expected to be in a range of  20-30%. As per the Maharashtra Chamber of Housing Industry, there will be growth in the demand for the commercial spaces as well. There are approximately 250 ancillary industries which are directly or indirectly related to the real estate industry. These industries are also predicated on see a new phase of growth.

When will be this new SEZ operational? - The SEZ project’s completion date is proposed three years from here. As around 277 hectares of land is bought and possessed by the Government, the fear of project being delayed is eliminated. The plan for the development of the allied infrastructure is already proposed which includes the widening of the road to 6-8 lanes.

Mumbai’s growth story- There are apprehensions that if Mumbai will witness the growth or not? According to Mr. Goel, who has full confidence says that that Mumbai will also experience the same growth that Pune has seen. He further says that in coming five years Mumbai’s property market will surely see a new phase.

Mumbai is all set to give a tough completion to other major cities of the western region. As predicated if the service industry grows here then there will lot of Multinational companies which will be providing employment to many young professional. So, there will be huge demand for properties across all sections like residential, commercial and offices spaces. All we can hope is that this new SEZ project turns out to be profitable for Mumbai.

A Reason to Cheer for Buyers Searching For Real Estate Projects in Mumbai

The Maharashtra government, in the interest of those who want to invest in projects in Mumbai, is actively taking action against property dealers who promote faulty or flawed projects. Many of those who have bought flats in Mumbai the completion of which is behind the scheduled completion date are agonizing over the delay in the handover of their home. 

In short, the Government of Maharashtra not only intends to punish agents who actively sell projects that are stalled or abandoned but also intends to punish agents if flats in Mumbai sold by them are in projects that are delayed.

Before the Bill Becomes an Act and Impacts Consumers

The government of Maharashtra intends to wait until the draft of the mentioned bill is approved and shall then invite objections and suggestions before the bill becomes an act. Many builders and developers in Mumbai view the proposed act by the state government in a positive light as they believe that such an act will lead buyers to be more confident when dealing with agents. When agents face the potential of facing huge fines if they try to cheat or mislead their customers then they would resist from doing so. 

Many of those searching for luxury flats in Mumbai may have channels which allow them to remain confident when conducting a real estate deal, however for first-time buyers eagerly looking for flats for sale in Mumbai an agent is the only source of information.

Synchronizing RERA with State Laws

Such developments are only the first stage of a larger program which will fine tune the state government’s rules to implement the Real Estate Regulatory Act which came into effect in May of this year. As per plans, a state-level regulatory body will put in place to regulate the real estate sector and which will also be responsible for settling disputes within a stipulated timeline. 

Many projects in Mumbai and in much of Maharashtra are in a tentative state which means they do not yet have the necessary approvals and thus construction may not resume in a timely fashion. In some cases, builders in Mumbai and across Maharashtra have stated they lack the necessary funds to commence work on their development. 

Influx of Tech Companies Will Pull Property in Mumbai Higher

Owning property in Mumbai is becoming more and more exciting with each passing day. Navi Mumbai, a suburb of Mumbai is standing out as a real estate destination due to better connectivity within the MMR and also because the infrastructure in the region is getting better. Abundant and affordable rental properties also mean that more and more companies have decided to move to this region of Mumbai opening up avenues of employment in the region driving more households to move to Mumbai for work. IT and ITES companies find Mumbai to be a particularly attractive destination to open offices and employ people due to the vast pool of talent and well developed physical and social infrastructure. 


Regions such as Navi Mumbai are believed by many insiders to be poised to pose to credible to Bangalore’s dominance as Indian’s top IT destination. 

Navi Mumbai Is Beating Bangalore on Its Turf

When we consider property in Mumbai, specifically in regions such as Navi Mumbai, we find that the increasing presence and interest by technology companies in the locality is a catalyst for the region's property market. Experts claim that Mumbai is accelerating in attracting IT companies to open offices within its borders at the same time that other recognized IT centers in the country such as Bangalore are expanding at a lower accelerated pace. 

This points to the attraction that many IT companies have for opening offices in Mumbai and bodes well for those who own apartments in Mumbai as a larger presence of IT majors will mean greater demand for homes in the city, particularly in Navi Mumbai which is home already home to big name IT companies  

Lower Rentals Pull Companies to Navi Mumbai

An advantage which Navi Mumbai has in comparison to other cities such as Bangalore is that even when compared to Bangalore, Navi Mumbai is a relatively young city with a more responsive municipal corporation that can respond to changing needs of the city very quickly and effectively. Such a nimble municipal corporation can construct and upgrade infrastructure rapidly as needs for the same arise.

 Additionally another factor which makes apartments in Mumbai at Navi an attractive investment is that for many years into the foreseeable future companies.


Builders in Mumbai too shall reap the bounty of the influx of tech companies into regions of the city such as Navi where in addition to technology companies, many households employed in the tech sector also increasingly prefer to live as employees working in the tech companies with offices in Navi opt to cut short their commute and live near their office. A large number of  Upcoming projects in Mumbai are planned to be constructed in Navi as well mirroring the demand for office space in the region. 

  

Best Real Estate in Mumbai Kanjurmarg

Real Estate Property in Mumbai,Kanjurmarg , Compare, Analysis 

As a city Mumbai  has always maintained the status of the educated upper middle class, with a culture of its own; a mix of traditions and modernity. It could be called the role model for all cites in India, due to this fact, Mumbai  has always been an attractive residential real estate destination, whether it is the end user or the investor. The city scores high on the Liveability Index. The city has wide variance in real estate market rates depending on the localities and therefore caters to a wide spectrum of real estate investors. Development of Lavasa as an educational hub as also major IT companies establishing their hubs in  mumbai has further made the residential Real Estate property in mumbai more attractive. Real estate and property sector in Mumbai has been able to ease through the real estate slump.

Kanjurmarg is a suburb in east central Mumbai. Kanjurmarg railway station is the main access point for IIT Bombay and Powai. It is fast developing into a business district through some thoughtfully planned corporate campuses. Much of the development may be attributed to the suburb's strategic location and easy access to the IT hubs. It is also the starting point for the Jogeshwari-Vikhroli Link Road popularly known as JVLR which connects the Eastern and Western Express Highways. The suburb holds a promising real estate potential.

1. Liveability-Investment Index Understand the locality ratings of Kanjurmarg across various parameters.

2.  Property in Mumbai  Analyse the locality based Real Estate prespective of Kanjurmarg Mumbai.

3. All Projects KanjurmargMumbai.

Buy Property in Mumbai Kandivali

Residential Real Estate Property in Kandivali Mumbai, Compare, Analysis

Property investments in India are always very considered and emotional decisions. As property investment involves a reasonable amount of money, the decision making requires a lot of deliberation and ideation.

Luxury apartments in  Mumbai 

Thane,  an extended suburban area of Mumbai  has undergone significant changes in the recent  past both on the commercial and residential front. It is one of the fastest growing satellite town. There is a slew luxury apartments in Mumbai owing to the high class lifestyle quotient of the city.  With ample retail, multiplexes and bigger brands present in the vicinity, luxury apartments in Mumbai appears as a great bet for investors.  The dynamic metropolis has emerged as a favorite destination for homes buyers especially for the ones who want to enjoy a luxury lifestyle.

Kandivali was initially a hub for lower middle class households, however, after 1980s, the semi-rural part rose with real estate entering the area. Quite a few residential projects are coming up in this location. Kandivali suburb is divided into East and West. The real estate prices are reasonable as compared to other parts of Mumbai.

1. Liveability-Investment Index Understand the locality ratings of Kandivali Mumbai across various parameters.

2. Real Estate Insights Analyse the locality based Real Estate prespective of Kandivali Mumbai.

3. All ProjectsKandivali Mumbai.

Residential Property in Mumbai Jogeshwari

Residential Real Estate Trends in Jogeshwari Mumbai, Compare, Analysis 

Mumbai remains to be the commercial capital of India and therefore owning a property in Mumbai happens to be a status symbol. The real estate market in Mumbai’s lutyens has seen a correction of upto 20%, and this is likely to continue for at least the current financial year.

Jogeshwari is a western suburb of Mumbai, situated immediately to the north of Andheri in Maharashtra, India. It is notable for its caves, particularly one containing a shrine of the Hindu god Shiva. It is a congested locality with limited infrastructure planning. However, due to its location a number of residential projects are coming up. Metro connectivity has been planned.

1. Liveability-Investment Index Understand the locality ratings of Jogeshwari Mumbai across various parameters.

2. Real Estate Insights Analyse the locality based Real Estate prespective of Jogeshwari Mumbai.

3. All Projects Jogeshwari Mumbai.