India has emerged as one of the largest South Asian countries with rapid economic growth in the past few decades. The largest contribution to this growth of Indian economy has been from the IT sector as a result of the increased investments made by the multinational companies. But a major role has been and is still being played by the real estate sector that has been a witness to an unprecedented growth in the last few years. Out of this Indian Property Sector, Mumbai property market has always been on the top of the investors' list.
- Mumbai has always been the ultimate destination for most of the Indians who are looking forward for better career opportunities. It is called the city of dreams for many career hopefuls for this reason.
- The most important reason is that it investing in this sector provides heavy returns in a very short period. Mumbai property market has attracted the investors from not only India but all over the world. The population of Mumbai is highest in India which has resulted in increased demand of both residential and commercial property. The posh properties in Juhu and Bandra are already unaffordable by the middle class and now the lack of availability of the new property from Juhu beach to South Mumbai has increased the property prices manifold. This has forced the real estate builders & developers of Mumbai to develop new projects, keeping in mind the affordability criteria of the middle class.
- The opportunity for foreign investment has had a very positive effect on Indian property sector. The real estate market offers a variety of services to its customers like buying, selling, renting-in and renting-out. Though the prices of property will witness a continuous upward movement but still you can enjoy a large amount of profit in future by investing in Mumbai real estate market.