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Properties »
Mumbai Property
In recent years, demand for properties in Mumbai
has skyrocketed. The main reason attributed to this
phenomenon can be found in the excellent blend of
commercial, retail and housing prospects. With a growth
especially in IT sector in recent years, Mumbai has
become preferred destination as a financial and
commercial capital of India. Because it has a global
identity, many multinational companies and industries
have started to make a substantial investment into the
city. As the economy boomed, it saw an ever increasing
demand for more office spaces and other related real
estate property. |
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Mumbai Property Market
The sudden demand in properties has given a
new dimension to Mumbai’s property market. Often, people
find it very difficult to locate commercial or residential
properties for rental or for buying. In order to cope up
with the situation, many real estate agencies have come into
the picture. These agencies provide a wide spectrum of
services to their customers. Their services are particularly
useful in selling, buying, and renting-out and renting-in.
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Residential
Properties in Mumbai
Residential properties can easily be located
in areas such as Nariman Point, Marine Drive, Malad,
Ghatkopar, Malabar Hill, Andheri, Worli, Borivali,
Lokhandwala, Versova, to name a few. In the existing
property market, real estate prices have witnessed a new
phenomenon where prices are escalating each passing day.
Many find offering their property to developers or builders
for redevelopment is a viable option. Even developers are
seen looking for properties where additional flats can be
erected to be sold for a tidy profit. More and more
developers are taking an active part because it amounts to a
‘win-win’ situation for them. |