One must realise that the rate of properties for sale in Mumbai will not decrease in the years to come, unlike previous rumours that suggest otherwise.
Analysts and real estate experts state that property rates in the city will not witness any significant drop, in the coming years. Five of the major reasons for it, are as follows:
Upcoming projects in Mumbai provide top international facilities:
Construction magnates and builders have realised that providing good quality infrastructure is of the essence, in order to attract maximum crowds. Hence, they now provide added facilities such as in-house health spas, gyms, swimming pools and other attractions. In order to regain their investment on these added expenditures, they charge exorbitant rates from buyers, who are lured by the fact that they are receiving so much more for less.
The emergence of ‘commercial-cum-residential’ property has proved successful:
The growing trend followed by a vast majority of keen business professionals is to invest in a residential property, and eventually convert it into a full-fledged profit centre. From small-sized ad agencies to restaurants and hangout eateries, people are now aware of the monies that can be generated from the comforts of their home; and they do not wish to lose out on this extra income, unless the amount offered in exchange is one that gets you thinking.
Majority of properties for sale on real estate websites are from Mumbai:
If you browse through some of the most visited property websites in India, you will realise that majority of properties on sale are posted by users from Mumbai. Individuals have now realised the potential of web property portals; and thus, they post new advertisements from time to time in order to ensure that their word reaches maximum people. The amounts mentioned on the website and the actual amount charged, usually differs as per requirement.
Article Source: Squidoo.com
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