Top 5 Reasons Why Property Rates In Mumbai Will NOT Decrease

by

Umov Mehta

Even though the city of Mumbai is a small land on the coast of Maharashtra, it has proved to be one of the greatest draws for the state and has showcased its financial and economic prowess from time-to-time. From top tourist attractions, such as the Gateway of India to international 5-star hotels and restaurants, the city generates the maximum footfall in comparison to other towns and villages in the state. The quality of infrastructure is also very high, and public transport vehicles are serviced and updated every year to match up to global quality standards. With so much activity occurring on every front, the city is without doubt, one of the greatest contributors to the global economy and overall real estate performance in India. These are some of the reasons to support the argument that property rates in Mumbai are truly sky-rocketing for good. And this is simply the beginning!

Analysts and real estate experts state that property rates in the city will not witness any significant drop, in the coming years. Five of the major reasons for it, are as follows:

Upcoming projects in Mumbai provide top international facilities:

Construction magnates and builders have realised that providing good quality infrastructure is of the essence, in order to attract maximum crowds. Hence, they now provide added facilities such as in-house health spas, gyms, swimming pools and other attractions. In order to regain their investment on these added expenditures, they charge exorbitant rates from buyers, who are lured by the fact that they are receiving so much more for less.

The emergence of \’commercial-cum-residential\’ property has proved successful

The growing trend followed by a vast majority of keen business professionals is to invest in a residential property, and eventually convert it into a full-fledged profit centre. From small-sized ad agencies to restaurants and hangout eateries, people are now aware of the monies that can be generated from the comforts of their home; and they do not wish to lose out on this extra income, unless the amount offered in exchange is one that gets you thinking.

Majority of properties for sale on real estate websites are from Mumbai

If you browse through some of the most visited property websites in India, you will realise that majority of properties on sale are posted by users from Mumbai. Individuals have now realised the potential of web property portals; and thus, they post new advertisements from time to time in order to ensure that their word reaches maximum people. The amounts mentioned on the website and the actual amount charged, usually differs as per requirement.

Commercial property in Mumbai offers the best ROI in comparison

Major international MNCs, corporates and global FMCG brands have listed Mumbai as a \’city to watch out for\’. The number of opportunities offered by Mumbai are far too many when compared to other metropolitan cities and developing towns across India. A single commercial property can generate a great amount of money, if introduced in the right area. Property investors are aware of these statistics, and thus, they charge sky-high rates when selling their personal investments to corporate clients.

Closer proximity to essential facilities such as schools, hospitals and banks

In a city like Mumbai, no facility is too far away. Essential infrastructure and facilities such as schools, railway stations, public bus stands or financial institutions, such as banks and money lenders are always within arms reach, no matter where you stay in the city. This is one of the major reasons, why advertisers and builders use this obvious fact to make their constructions sound glorified, and thus demand high rates from potential buyers, newcomers and immigrants alike.

Umov Mehta is an established real estate expert at a leading website, for

commercial property in Mumbai

. He loves sharing his knowledge and ideas with readers.

Article Source:

ArticleRich.com