Unarguably one of the top residential cities in India and a desired investment destination in the world is Mumbai and till today it is regarded as one of the best places to reside in. Though the dynamics in the country alter every year, this metropolitan city has been able to maintain steady momentum in the realty market due to consumer attraction towards this developed, lively and aspiring region. Mumbai realty market is such that buyers are either looking to invest in fast-developing localities of the city at the available price or biding their time to invest in one when the property price would fall a bit. In either case, there is a good demand and supply of flats for sale in Mumbai that makes it one of the sought-after locations of India.
Courtesy: Net
A city of opportunities, Mumbai enjoys strategic location and excellent connectivity with nearly all important cities of the country and world. Over the years, Mumbai has grown tremendously with people flocking to the city in search of better growth opportunities and an appreciating place to reside in. However, with the city witnessing rapid residential and commercial development, it also offers the best physical and social infrastructural facilities and variety of work opportunities to its residents. Today, the prime locations in Western Suburbs of Mumbai, South Mumbai and even prominent localities in Central suburbs have become too expensive for salaried income group. With shortage of large land parcels and high property costs, areas showing fast-development and infrastructural initiatives are witnessing high demand for flats for sale in Mumbai. Falling in this category are regions like Wadala, Chembur, Kalyan, Kanjurmarg, Ghodbunder Road in Thane, Mulund and Kopar Khairane, Ulwe, Panvel and Kharghar in Navi Mumbai that are considered hot realty investment destinations in Mumbai.
In addition to the above mentioned change in Mumbai’s realty scenario, changing lifestyle, increasing number of double income families, rapid urbanization and aspirations among people have steadily raised the demand for luxury flats in the city. Shelling a crore or two is not a problem for some well-paid professionals, businessmen, actors, high-net worth individuals and even NRIs who are increasingly looking for luxury flats for sale in Mumbai. These luxurious apartment flats are packed with stylish and innovative amenities, are uniquely designed and offer opulence, space and security to its dwellers. With nearly 5,000 upmarket flats already waiting buyer attention, real estate watchers feel that there is sufficient inventory available for interested buyers. For home seekers who are looking for mid-segment housing or wanting to reside in the lap of opulence, a bit of research on their part is necessary to get their desired home from the number of 1, 2,3, 4 and 5 BHK flats Mumbai.
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