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Real Estate Market in Mumbai is adding a spectacular touch and design to the city

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Mumbai, which was previously known as Bombay is a major metropolitan city of India. The city has the largest and the busiest port handling India\’s foreign trade and a major International airport. Being India s financial capital, Mumbai is famous for its name and fame, and is considered as one of the most well planned cities in the nation. There are large number of industries in Mumbai which have been growing at a very fast pace and so is the population of Mumbai, this has led to the development of many housing projects in the city.

According to a recent survey, Mumbai Property rates are likely to go down by 10% which would increase the sale of the residential projects in the city and would be affordable for more number of people. Mumbai real estate market has a lot to offer in terms of residential as well as commercial properties like plush penthouses, luxurious duplexes, spacious apartments, villas, bungalows, showrooms and \’built-to-suit\’ commercial spaces. In short, Mumbai is the best place to reside and hunt for properties.

Property in Mumbai is highly in demand due to the development of many malls and commercial properties across the city. This had led to several renowned real estate developers of India to come up with several residential and commercial projects in Mumbai, including some big players such as RNA, Lodha, DLF, Nirmal Lifestyle and Indiabulls. In fact, Mumbai properties has been so much in demand that the builders have now started coming up with projects in the peripheral areas such as Dombivali, Thane, Dahisar and Virar. Some of the most remarkable residential properties for sale in Mumbai include Lodha Aurum Grand, Lodha Casa Bella Gold, Nirmal Lifestyle City, Indiabulls Greens and RNA Mirage. All flats and apartments come loaded with some of the most pampering amenities. Few of which include swimming pool, club house, nursery, gymnasium, lift, health facilities, power backup, 24-hour water supply & recreational facilities.

Even it has been noticed in Indian Realty News that one of the renowned Godrej Group has shift its focus to residential projects. In its Ahmedabad township project, Garden City, the largest in Godrej s portfolio, the company has reduced the developable area from 40.4 million square feet to 24 million square feet and increased the residential portion of the development from 65 to 90 per cent. Their development strategy has been changed to residential from IT SEZ (special economic zone) and they also expect residential to do much better.

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