Thursday, September 11, 2008

Mumbai Property

India ranks second among the most populated countries of the world and has witnessed its economy growing at a remarkable pace. IT sector is the major contributor to the success rate of India. Mumbai is a prominent city of India that has a great real estate market. It is a dream city of a large number of people all across the country.
In the last three decades, the city has seen a tremendous change in the real estate sector. There are booming job opportunities in the city that entice millions of people from every part of the country. It is a home to millions of people, who have immigrated from different states. Rightly speaking, Mumbai, being the economic hub, is the favourite destination of all the real estate agents, builders, buyers, sellers etc. It is liked by all in all the aspects including, retail, healthcare, industrial etc.
With the arrival of huge population in the city, real estate sector is on high. Owing to the tremendous growth opportunities and luxurious lifestyle, the prices of the flats are soaring too high. The well-developed infrastructure of Mumbai has prompted the establishment of big BPOs, software companies and KPOs.
The general perception is that if you own a house or apartment in Mumbai, then you are looked upon with high esteem. It’s in fact a status symbol. An apartment is preferred more than a house or a bungalow.
It’s not only the prices of the apartments or houses that are skyrocketing, but also the rent of the apartments. As a matter of fact, the rent is Mumbai is much higher as compared to other metropolitan cities. Mumbai boasts of being a hub of IT and other companies and a home of several renowned Hindi movie industry. It is also called as the fashion capital of the country. Hence, it has a pompous life style thereby influencing real estate industry considerably.
Retail market has also arrived in the picture. This has laid the foundation of several massive projects of shopping malls, brand showrooms, retail stores etc. This has given a tremendous boost to the retail industry. To support the growing accommodation needs of the population of the city, real estate builders are putting in their best possible effort to glorify Mumbai property. Future of real estate sector is therefore too bright in Mumbai as prices follow an upward trend. So invest in it and secure your future.
About The Author
Abodes India – Real estate India, India Properties, flats in India ...
Real Estate India - Buy, sell, rent, Properties and Real estate in India including flats , houses, malls, apartments and other property in India.
http://www.abodesindia.com/Email : abodes@rediffmail.com

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