Real Estate Market for residential flats in Mumbai
India's financial capital has remained untouched as far as real estate price correction matters. Even though inventory is increasing day by day and demand is reducing each day, prices of flats in Mumbai haven't come down. But experts are estimating that rates will reduce eventually, so if you are making saving since long time then the time has come for you to take initiative and .
Being the financial capital, Mumbai generates many job opportunities and because of that land values shoot up. In 2012 increased by 2-7%; However, in 2013 again demand picked up and now in this year, market in Mumbai is gearing up slowly fornew project launches.
Irrelevant to the increased rates of flats in Mumbai in some high profile areas, buyers can still find many property options in other areas of Mumbai. E.g. experts have been keen on favouring South Mumbai to Ulwe in Navi Mumbai.
For investors who have been looking for stylish yet easy on pocket residential flats in Mumbai, Ulwe might be one of the best options aswith in 3 years property rates in this region are expected to get almost double. Even Wadala and Chembur is also there in the list of offering good returns asin these 2 regions also property rates will double in next few years. Real estate experts also suggest that Lower Parel and Bandra Kurla Complex are also top two contender for investments!