Many of the people doubt whether Mumbai Real Estate has lost its charm or whether it is as hot as it was before. Seeing the growth and prominence of other cities like Bangalore, Chennai, Gurgaon, Hyderabad, etc. you too may feel that the city has lost its charm and there are not many investors in the city. However this doubt has no base, say the experts who know how prominent the city is.
According to the experts, the city will remain one of the most prominent and most favorite destinations for the investors and they will surely be happy with the returns which they will get from their investments on any of the commercial or Residential Properties in Mumbai. Experts seldom put down the growth of other cities, but they say that the other cities have not grown up to that level which Mumbai has acquired even a decade before.
It is absolutely wrong to compare other cities with Mumbai which is one of the most prominent cities not only in India but also in the world. Though Pune is coming up as one of the top cities in the state, it has not yet been up to the level of Mumbai. Do you ever think that this city is competitive to the metropolitan?
This is absurd and it has or will never become competent to this city. Can you imagine any well-known people to buy properties in Pune? No you cannot. Most of them buy Property in Mumbai and only in Mumbai and nowhere else. Mumbai is the city of Bollywood and many actors and actresses are living in this city. It is impossible for them to live anywhere else.
I just mentioned this just because I recently read in an article that Pune city is growing as one of the top cities and as it grows the prominence of Mumbai is losing. I agree that Pune is growing very fast. However it does not cause Mumbai to lose its prominence and there will be demand for Residential Properties in Mumbai even if many cities around it come up.
There will be many people to invest and Buy Property in Mumbai. Most of the investors are feeling that this is one of the best cities where they can gain better returns. The value appreciation is higher. So there will be chances for the investors to gain better returns. So long as this situation exists, there will be no shake for the MMR.
Another important feature which supports Mumbai Real Estate is lack of sufficient land for commercial and residential development. The supply is lower compared to the demand. This situation boosts the rentals which have gone far up in the sky.
According to the experts, the city will remain one of the most prominent and most favorite destinations for the investors and they will surely be happy with the returns which they will get from their investments on any of the commercial or Residential Properties in Mumbai. Experts seldom put down the growth of other cities, but they say that the other cities have not grown up to that level which Mumbai has acquired even a decade before.
It is absolutely wrong to compare other cities with Mumbai which is one of the most prominent cities not only in India but also in the world. Though Pune is coming up as one of the top cities in the state, it has not yet been up to the level of Mumbai. Do you ever think that this city is competitive to the metropolitan?
This is absurd and it has or will never become competent to this city. Can you imagine any well-known people to buy properties in Pune? No you cannot. Most of them buy Property in Mumbai and only in Mumbai and nowhere else. Mumbai is the city of Bollywood and many actors and actresses are living in this city. It is impossible for them to live anywhere else.
I just mentioned this just because I recently read in an article that Pune city is growing as one of the top cities and as it grows the prominence of Mumbai is losing. I agree that Pune is growing very fast. However it does not cause Mumbai to lose its prominence and there will be demand for Residential Properties in Mumbai even if many cities around it come up.
There will be many people to invest and Buy Property in Mumbai. Most of the investors are feeling that this is one of the best cities where they can gain better returns. The value appreciation is higher. So there will be chances for the investors to gain better returns. So long as this situation exists, there will be no shake for the MMR.
Another important feature which supports Mumbai Real Estate is lack of sufficient land for commercial and residential development. The supply is lower compared to the demand. This situation boosts the rentals which have gone far up in the sky.
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