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.
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