Mumbai has been and always will be the ‘City of Dreams’. People leave their villages and hometowns to come here and try their luck in this intimidating city. Many have often wondered, while enjoying the summer breeze hitting their faces at Marine Drive what it must feel like to own a home in this city. But with an ever-increasing population which is attested by the sight of trains running at full capacity during the pandemic, one has often wondered: is real estate a good investment in Mumbai? If that’s your case, and if you are still undecided about taking the plunge and making Mumbai your home, here are 7 reasons why investing in real estate property in Mumbai is a great idea.
Phenomenal Real Estate Market
Mumbai has a plethora of new and upcoming projects that are being developed by renowned builders, with jaw dropping offers and world class amenities. Where else would you find a swimming pool, tennis court, spa, library and many other amazing facilities in one project? Apart from that, Mumbai is considered to be the financial hub of the country, thereby making sure that real estate prices will remain at an all-time high, guaranteeing not only high appreciation value but also great returns on investment.
Offers Excellent Connectivity and Accessibility
There is always something new coming up in Mumbai, whether it is the monorail in the suburbs or the metro in Thane, making construction making sure it gets connected to the center. The city also boasts of an excellent highway system for those who like hitting the road. Traffic and narrow lanes are a thing of the past with expressways reducing the travel time in half. It also makes road journeys to other cities like Bengaluru, Goa or Pune easier and shorter. With one of the best international airports located in the city, it makes travel easier and accessible.
Ample Employment and Business Opportunities
Mumbai, the financial hub and also one of the most populated cities of India, provides ample opportunities in terms of business and employment. It provides income and occupation to millions of people, and this gives a boost to real estate, making Mumbai a major business hub. Investing in property in Mumbai now allows you a chance to invest for your future generation to live in a city where prosperity thrives.
Blend of Different Cultures
Due to its impeccable employment opportunities, Mumbai invites people from different walks of life all over the world, making it a cosmopolitan city in the real sense. These people live in harmony and solidarity with each other and are equipped to embrace every culture, caste and religion, without prejudice or hostility. Therefore, investing in real estate in Mumbai, gives people a taste of what it is like living in a robust blend of cultures.
Mumbai’s residential projects have been substituted with redevelopment projects that offer affordable pricing to the buyers and numerous options to choose from. It’s the best long term investment asset. The government of India also runs schemes that provide affordable, yet good quality living quarters to people from low- or middle-income groups.
With so many well-known builders coming into the Mumbai market, it’s no secret that Mumbai offers great infrastructure. From tall skyscrapers to fully furnished homes, Mumbai has various kinds of housing options catering to everyone’s needs.
Most of us are worried about being capable of affording a house in Mumbai, but builders and banks are equally ready to welcome all the needs of those looking to invest in property in Mumbai. From builders offering easy EMI schemes on your home to banks supplying cheaper home loans, everyone seems to be making it easier for you to buy a house in Mumbai.
In the final analysis, it can be said that owning a property is a HUGE deal, but owning a property in Mumbai is something that only a few people can afford. So, what are you thinking about? Are you ready to invest in a real estate property in Mumbai?