Despite being ranked among the most established and biggest city of the country and financial capital, Mumbai is still enjoying robust growth in real estate on all segments. The real estate market in Mumbai is witnessing remarkable growth. Buyers from different parts of the nation are looking forward to invest in this city. It has been developed as most promising destination for real estate investment.
When it comes to residential real estate, mid-level segment is enjoying highest demand. The residential market in Mumbai has witnessed growth at 0.3% on real estate. In Mumbai Central and south Mumbai, several new projects are being developed. There are some other promising suburbs like Santacruz East, are enjoying great real estate growth. Runwal Group has introduced another new project in this area Runwal Symphony. In Mumbai, the apartments are designed with utmost quality. Now people living in Walkeshwar and Colaba having older building can now leave their old-world living and upgrade into brand new blocks and enjoy luxurious lifestyle.
The widely anticipated units are 2, 3 and 4 Bedroom apartments which are offered with high-end amenities and facilities like balcony, terrace and openness and sprawling sea view.
When it comes to economy, Mumbai is growing faster and demand is increasing because several world-renowned companies are headquartered in this city. The prices of commercial properties are rising faster as compared to residential properties. Every now and then, the commercial towers are increasing. As a result, the occupancy rates are getting higher from 90% to 95% for Mumbai-based commercial properties.
The supply of office spaces is estimated at about 25 million sq. ft. in Mumbai real estate. Around 33% of total office space is covered in western suburbs of Mumbai like Andheri, Bandra-Kurla complex, Malad and Goregaon. About 27% of area is covered in Wadala, Kurla, Thane and Ghatkoper. In Mumbai, several major and unique real estate developments are being made. Some of the famous real estate leaders are Runwal Group, Godrej Properties, Lodha Group, DLF and others are growing their luxurious projects here. It is sure that more and more investors will enjoy affordable yet most profitable projects here.
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