Being the busiest city in the country, Mumbai accommodates residents immigrating from different cities every year owing to the lifestyle, career options, nightlife, and job opportunities. With the increasing population in Mumbai, the demands are quite increasing for Mumbai real estate properties. Mumbai, also addressed as the country’s commercial capital, contributes about 5% to the country’s GDP, making the per capita income and living standards better than other states. Not just economically, the city is home to the political and cultural hub of the country. Moderate climatic conditions, women’s security, a luxurious lifestyle, and abundant career opportunities have made Mumbai a favorite city to live in.
The city has eventually evolved as an investor’s paradise. Life in Mumbai is simply amazing if one likes to create and recreate happy & unforgettable memories with their loved ones.
The following are some of the reasons why buying properties in Mumbai would be an excellent choice –
- HIGH RETURN ON INVESTMENTS:
Considering the upward trend in population in the last decade, it won’t be wrong to conclude that real estate investments in Mumbai consistently generate huge appreciation. The towering skyscrapers, commendatory infrastructural developments, educational excellence, job opportunities, elevated lifestyle, the existence of Bollywood, and growing business opportunities assure the hefty girth of the city. The increasing population points towards the increase in demand for properties. Summing up to the point, property purchase in this city promises the capacity to double or even triple in the coming years.
- EMPLOYMENT OPPORTUNITIES:
The city has seen the major establishment of corporates and industries in the last three decades. Numerous MNCs in chemicals, pharmaceuticals, information technology, biotechnology and engineering, Business houses, Fashion and Retail outlets, KPOs & BPOs, etc., have made Mumbai their significant operational base, generating a large number of employment opportunities.
- INFRASTRUCTURAL DEVELOPMENT
Despite numerous towering skyscrapers, clean wide roads, numerous subways, flyovers, and railway infrastructures, the city keeps growing. The government has been trying to build powerful resources to reduce the increasing traffic issues in the metropolis. Some of the essential infrastructural developments are—
- Upcoming Navi Mumbai International Airport
- Santacruz – Chembur Link road – India’s first double-decker flyover
- The Eastern Freeway connecting Panjarpol to Mankhurd-Ghatkopar Link Road
- New Railway Stations and several fast trains in Central, Western, and Harbour local lines
- Metros connecting Andheri- Ghatkopar, Charkop-Bandra-Mankhurd, and Colaba to SEEPZ, the upcoming Navi Mumbai Metro
- The 5.6km long Bandra- Worli Sealink connecting Western Suburbs to South Mumbai
- MEDIA AND SHOPPING HUB
Mumbai is home to Bollywood, one of our country’s most established and popular business aspects. Boiling down to the point, media houses, corporate hubs, and PR and advertising agencies have chosen this city over the rest for their establishment. Moreover, markets in Mumbai are famous for trending fashion at affordable prices, fashion houses outlets, international brands, and quality products. From street shops to luxurious malls contributes to making the city a paradise for shopaholics and lifestyle enthusiasts.
- Seamless Connectivity
Mumbai has magnificent intra-city as well as inter-city connectivity through the local railway, known as the citizens’ lifeline that connects all the nooks and corners of the city, BEST buses, A/C NMMT and BEST buses, Metro railway, a recent addition making travelling a lot faster, diligent auto and taxis services. Moreover, the entire city is connected to other outside places via roads, rails, and airways.
- EDUCATION:
Mumbai is the center of many reputed institutes from all educational fields. Hundreds of national as well as international schools and universities have their branches in the city, providing quality learning to the students. Numerous reputed colleges of fashion, management, science, commerce, arts, law, media, etc., exist here.
- BUSINESS and ENTREPRENEURSHIP:
Mumbai is considered one of the country’s best places for establishing businesses. Businessmen and budding entrepreneurs get easy access to equity and the stock market (Dalal Street), skilled labour, employees, raw materials, commute and transport, manufacturing and warehousing, learned executives, and experts. The city comprises people from diverse social classes, cultural backgrounds, casts, religions, and age groups. Due to this diversity in population, all kinds of business ideas hold the potential to be successful. For instance, you can choose from – clothing, electronics, jewellery, books, and many more such criteria to start your business. The demands in all of these sectors always remain high.
- YOUTH CENTER:
Along with the job opportunities that the city provides to the young generation, the high-octane nightlife, newest fashion and trends, fast-paced life, and lifestyle living make it an ideal place for youngsters to thrive. As mentioned before, the city offers a wide variety of academic careers to choose from, post which there are countless employment opportunities. Mumbai provides a magnitude of delicious restaurants, cultural hubs, music centers, sports centers, night clubs. etc.
- LAND RECLAMATION
It is the process of creating new land from the water bodies – oceans, river beds, and lake beds. The addition of new space to Mumbai, through reclamation, makes the city available for more people. Also, the people living in shoebox-sized houses in other parts of the city can move into these areas to find spacious accommodation and relief from traffic.
- LIVABILITY QUOTIENT
The dream city comprises all the resources – housing, entertainment, transportation, and primary and social infrastructure; essential for one to live and enjoy life. According to the Livability Index ranking, these have made Mumbai the most livable city in India.
- DEVELOPING TOWNSHIPS
Reputed builders worldwide are putting their exclusive ideas, designs, and hard work into developing the city. They have initiated many great projects to satisfy the needs of the citizens. Some of them are –
- LodhaPalava – The Lodha group is involved in developing one of the largest “planned city” initiatives in the form of Palava. The project aims to make Palava one of the world’s top 50 most livable places by 2025. This sister city of Mumbai is India’s largest private and thoroughly planned urban development area. It spreads over 4000 acres accommodating many residential units, schools, colleges, sports centers, playgrounds, golf courses, etc.
- Rustomjee Urbania, Thane West – A self-sufficient township located in Thane city, it is graciously spread across 127 acres. It is situated on the Eastern Express Highway, about 10 minutes from the railway station. Modern and spacious living areas, commercial, entertainment, and retaining centers are present in the complex.
- Runwal Group –Charged with a new force of creativity and dynamism, the Runawal group has shaped over 65 landmark projects and served over 20,000 satisfied customers in and around Mumbai.
- Kapataru Group – For over four decades, Kalpataru Group has combined superior design with innovative ideas to provide Mumbaikars with marvelous residential addresses and outstanding lifestyles.