The demand for houses for sale in Mumbai

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The demand for houses for sale in Mumbai
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Mumbai is one of the best options for those who
want to invest in the real estate. The Indian
Hollywood, The Island City and the financial
capital of India are some of the few sobriquet
for Mumbai.
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It is has a huge potential for the growth in the
sectors of economy and is one of the most
urbanized cities in Asia. The city is the
destination of film stars, entrepreneurs and
politicians.
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From the years of its evolution the city has been
flooded with localities of residential,
commercial and industrial assets.
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Moreover, there is a redevelopment of areas which
were already swanked, this is why over the last
decade it has witnessed a sudden leap in the
relocation of residential and commercial hubs.
Consequently, there is a sudden rise in plots for
sale in Mumbai in the suburban areas of the city.
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The demand for houses for sale in Mumbai

• The real estate value of the city is better than
  any other city of the country. People from
  different regions desire to buy a house in
  Mumbai.

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• As the demand is higher and the property prices
  are high as well its never been easy to buy
  property in Mumbai.

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• The demand for residential properties in the city
  is from the investors and not from the end users
  due to high rentals existence.

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• There are many suburban housing projects by
  various reputed builders in the area of
  Dombivalli, Wadala, Chembur, Mulund, Kanjumarg in
  Mumbai, Ghodbunder Road in Thane, Kopar Khairane
  in Navi Mumbai, etc.

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• Growth, price points and demand are the three
  factors that drive the property investment
  pattern in the city.

There is no doubt that Mumbais real estate
market is legendary and the focus of the
investors is constantly shifting with the change
in the market demand.
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Reasons for the rise in bungalows for sale in
Mumbai

• Today a home is not confined to past definition
  as just to accommodate but with the passing of
  time it has changed from a simple two room flat
  to a 4 or 5 BHK bungalow or villa.

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• Due to the rise in bungalows for sale in the city
  there is a sharp increase in foreign investors
  that contributes Rs. 8,000 crores approximately
  in the citys real estate.

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• The city is a favorite community for the foreign
  investors due to its investor-friendly options
  and other factors including constant
  globalization, higher economy, positive
  demographics, economic growth, rise in income
  levels, proximity to commercial spaces and demand
  for social infrastructure.

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• Some of the popular areas in and around the city
  that offers ample opportunities for NRIs are
  Kharghar in Navi Mumbai, Thane and Kandivali East
  in Mumbai.

For both UAE and US, Mumbai has become one of the
most popular cities for investment. While Mumbai
is first, Bangalore ranks the second, Chennai and
Pune ranked third followed by Hyderabad, Delhi
and Cochin.
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