It Only Gets Better for Mumbai

Mumbai, the economic capital of India, the center of Indian Art and entertainment, the metropolis that defines the Indian essence across the World, is all set to chart new heights of glory. The city of dreams, as she is so aptly called has just been

Mangalore, India (prHWY.com) December 29, 2011 - Mumbai, the economic capital of India, the center of Indian Art and entertainment, the metropolis that defines the Indian essence across the World, is all set to chart new heights of glory. The city of dreams, as she is so aptly called has just been ranked as the Most Favored Development Market in Asia Pacific Region. This news comes as a breath of fresh air to many business sectors (esp. Real Estate) whose fortunes as so delicately inter-linked to the fortunes of this great city. Also shocked are the hordes of doomsday predictors who have raved about Mumbai hitting its saturation point and it's incapacity to reinvent itself.

This fine accolade was bestowed upon Mumbai by 'Emerging Trends in Real Estate Asia Pacific 2011', a real estate forecast jointly published by the Urban Land Institute (ULI) and Pricewaterhouse-Coopers (PwC). The paper notes that Mumbai is "clearly the best performing and most active real estate market" and places its investment ranking at a commendable 3rd place- a hike from its earlier 8th place in 2010. The report predicts that real-estate Development in Mumbai will be its brightest factor in the 2011-12 yearly metric. Another happy point is the confidence that investors seem to easily harbor with regards to projects in Mumbai- there is no real concern about Mumbai realty turning into a bubble again.

Ok, the report is fine- the words make a business statement but what exactly does this mean for an average home-owner, a new home-buyer, a commercial property investor? Technically speaking, nothing changes radically- just that, a lot more real-estate investments are heading Mumbai's way. It's a glorious time to be a house-owner, to have a house in Mumbai. The city is already a major magnet for immigrants from other Indian states as well as hopefuls from other countries- the increased investments will only add to the proposition. The added flow of humanity will need habitual abodes, rental houses in Mumbai, flats- to purchase or on rent, the city that is already packed to the brim will need to create new living spaces and resources to tag along with it and that calls for major real-estate and construction activity. In effect, the initial investment leads to more investment and the economic circle is complete.

Mumbai city defies logic when seen through its developmental side. New land is constantly reclaimed and converted to buildings and lavish properties. Yet, the world's biggest slum resides right in the heart of the city. The metropolis stretches its legs each year and new localities and suburbs are born. There will be a huge market for residential properties, flats on sale, house for rent etc, and the demand shall increase exponentially. The shrewd investor shall be the one who understands the dynamics of demand and supply to provide the most fundamental requirements at a profit margin that is acceptable in the in-coming developmental rush. The report clearly mentions that Mumbai shall continue to grow "In terms of investment, buying opportunities, retail, apartment and industrial sectors" and this growth shall show "no real signs of declining anytime soon". These encouraging pointers must be cue enough to consider real-estate investment in Mumbai as a very profitable and long-term option.

Mumbai has been catapulted on the path of rapid economic growth and the realty sector here is going to be the clear winner. Maybe it's time for you, the casual investor to explore this tremendous opportunity and make hay while the sun shines.

Any queries, suggestions, appends, concerns can be suggested to contact@findghar.com.

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Tag Words: real estate listings, real estate agents, real estate india

Categories: Real Estate

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