Monday, November 23, 2009

Lucrative Mumbai property market

Lucrative Mumbai property market

Mumbai is emerging as one of the most lucrative destinations for property investments with commercial, residential, and retail realty making rapid strides. The state has certainly undergone a paradigm shift in the wake of the same and there is a considerable increase in number of buyers for Mumbai properties.

Mumbai is gaining high from the latest trend of investing back home among NRIs. Staying in step with it, the state sees large investments from non resident Marathi’s eagerly looking back to homeland. This has brought numerous opportunities for real estate agents in Mumbai who have traditional favorite for Non resident Indians investments. We can see the nature of the stock market also.

NRIs see investing in India properties as the simplest option to gain high returns within short span. Among the significant cities in Mumbai Real Estate Market, the major investments are coming in Andheri not only because it is a developing locality but also because the city offers cheap land. Close by heels is Malad which is much preferred by both the developers as well as investors. A number of prominent developers have lined up to come up with their real estate projects in thane soon. Entry of major realty players has pushed land rates in some of the posh localities. Some of the notable projects include an special economic zone in the city, development of IT facilities and hotels as well as research institutions to come up on the highway roads.

Top property developer has recently clinched to a deal with the Government of Mumbai for development of real estate projects in top of localities and other districts of Mumbai. The planned projects will involve a lot of investment and the construction is scheduled to complete over a period of 2-3 years. The array will include townships, group housing, commercial complexes, and Information technology parks.

Mumbai Property is the growing industry in the north Indian market. It has huge potential for it to grow being the entertainment and financial core of the country. The Mumbai property is directly proportional to the land rates. Lot of factors determines the nature of the Real Estate in Mumbai.

By Nitin

Nitin provide you the best and latest fair information on Property in Mumbai. He also help you on Mumbai Real Estate and Mumbai Classifieds.

Article Source: http://www.articlesbase.com/real-estate-articles/lucrative-mumbai-property-market-1216008.html