Flat prices gradually soaring up: Property in Thane and Property in Mumbai worthy investment
Even though one must also keep a good eye on the stock market, which is as of now doing quite well, if this trend continues several retail investor money and HNI will stream into the equity market. This will in some way dampen the upcoming statistics of the real estate market. Premium Property in Thane and Property in Mumbai is good for investment.
A recent five-year price analysis in the section of residential realty market, comprising of around 11 cities, showed that Best Property in Thane and the Navi Mumbai overall had a very high rise in home prices all over the country. Premium Property in Mumbai followed thiswith a marked rise in the property section drawing in people to come in for more investment with the coming of time. The recent reports by Jones Lang LaSalle or better known as JLL India there has been a good rise of around 80 to 85% average price rice in the two eminent cities on the outskirts of Mumbai.
The JLL, chairman and country head, Anuj Puri stated that the chief reason for the rise in the rates of Best Property in Thane and Navi Mumbai is because the homes are quite affordable. With the demand in the residential real estate, section there has been an automatic rise in price. In fact, in the Property in Thane West area, has more residential space than industrial area. The price of per square foot has been escalating from Rs 9,600 in 2013 to Rs 11,000 in 2014. Due to its close proximity to the primary centers in Mumbai, together with a very conveniently planned and linked connectivity route between Mumbai and Thane, the demand of this area is on the rise day after day.
With the 2% marginal increase is recorded for Premium Property in Mumbai by the end of Q1, 2014. It is noted that 3 BHK house’s average rentals in the Mumbai area has seen a good 3% increase against the last year’s quarter. It is expected that, the market would soon begin to show more improvement to elevate post elections, as there are clear indications of policy directions with the economic revival. With the coming month, there will be fence sitters who will sell and buy as per the status and condition based on the market report. There is a great possibility of new and good supply of homes that will gush into the market soon.
Opportunities of buying a Property in Mumbai or Property in Thane:
In Mumbai or Thane are there are several projects are available where one can invest such as; Tycoons Luxuria, Riverdable Vista, Falco World, Guru Atman, Mayureshwar Park, Vishwajeet Greens and more.
The Best Property in Mumbai or Property in Thane alone, in 2014 Jan- March quarter has observed a good rise of 75-80% average increase in price. In addition, the developers made sure that the project quality is good and highly improved also.
Even though finding affordable Premium Property in Mumbai or Property in Thane region has mostly been a reason of problem since years, the good news is the real estate market in Mumbai is investor driven, which tend to intensify this condition. Yet there has also been a great sign of improvement in the overall region of Mumbai with Mumbai flat prices gradually soaring up to 85% spurting in a breath of fresh air.
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