Mumbai Real Estate Leans On To Luxury Housing Segment
Mumbai Real Estate has been one of the hottest real estate markets in India. There are many who wish to settle in Mumbai just because of the higher level convenience and comfort the city offers to its residents. How can they be indifferent to the city which offers probably the maximum number of amenities and comforts to all who approach the city? You will really enjoy your life once you attain a home here and decide to live here in the city the rest of your life.
The city has been hotter for a long time and it is one of the first cities to become a metropolitan. In fact we can say that the other Indian Metropolitan cities would be copying from or were inspired by the growth of Mumbai. Since time immemorial or soon after or before India got independence, the city of Mumbai has been one of the main attractions of the world. This is the reason why they had sought after Mumbai property very keenly.
Once the people saw and experienced the increasing value appreciation; in fact more than the value appreciation they were attracted to the booming nature of Mumbai city, they all dreamed of settling in Mumbai. As the housing demand increased, Real Estate in Mumbai started growing and flourishing. Within no time the city has become one of the most sought after places and real estate markets in the Subcontinent.
The growth of the city is still continuing and it will grow more and more. Though the property prices have reached a saturation level there are still many takers for the Mumbai property. However the city is affordable only for the top-end and high earners and not affordable for any middle income group or the lower income group. Still there are many who live in slums and work in the city.
Mumbai is one of the top cities in India which provides maximum number of job opportunities to all professionals and other sort of peoples. Along with the growth of Mumbai Real Estate the skyline of the city has got a lot of changes. The city is changing its skyline day by day due to the increasing number of residential and commercial structures in the city.
There is a discussion among the MMDA to raise the floor space index ratio. Once the FSI rate is revised and the builders are permitted to develop higher and taller buildings the citys affordability will be improved and more affordable housing segment may get a boost from this. One thing has to be noted the Real Estate in Mumbai is more luxury oriented. It does not seem to be concerned about the affordable housing segment at all because the builders are looking for higher profit from their luxury projects.
The city has been hotter for a long time and it is one of the first cities to become a metropolitan. In fact we can say that the other Indian Metropolitan cities would be copying from or were inspired by the growth of Mumbai. Since time immemorial or soon after or before India got independence, the city of Mumbai has been one of the main attractions of the world. This is the reason why they had sought after Mumbai property very keenly.
Once the people saw and experienced the increasing value appreciation; in fact more than the value appreciation they were attracted to the booming nature of Mumbai city, they all dreamed of settling in Mumbai. As the housing demand increased, Real Estate in Mumbai started growing and flourishing. Within no time the city has become one of the most sought after places and real estate markets in the Subcontinent.
The growth of the city is still continuing and it will grow more and more. Though the property prices have reached a saturation level there are still many takers for the Mumbai property. However the city is affordable only for the top-end and high earners and not affordable for any middle income group or the lower income group. Still there are many who live in slums and work in the city.
Mumbai is one of the top cities in India which provides maximum number of job opportunities to all professionals and other sort of peoples. Along with the growth of Mumbai Real Estate the skyline of the city has got a lot of changes. The city is changing its skyline day by day due to the increasing number of residential and commercial structures in the city.
There is a discussion among the MMDA to raise the floor space index ratio. Once the FSI rate is revised and the builders are permitted to develop higher and taller buildings the citys affordability will be improved and more affordable housing segment may get a boost from this. One thing has to be noted the Real Estate in Mumbai is more luxury oriented. It does not seem to be concerned about the affordable housing segment at all because the builders are looking for higher profit from their luxury projects.
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