Invest In Real Estate in Mumbai for Great Returns
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Posted On :
Jan-12-2012
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Article Word Count :
477
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In India, the real state sector is the most profitable sources of investment, apart from gold. No matter in which sector the investment to be made, residential or commercial.
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The growth in real estate sector is high in cities like Mumbai, Delhi, Noida, Gurgaon, etc. A considerable appreciation in the property prices has been experienced in the real estate in Mumbai, attracting a large number of investors, not only from India, but also from different parts of the world.
The culture of India is often characterized by a large indigestible cultural and religious variety. There are ancient traditions and different influences of culture on different societies. The housing market in India is in its full swing. The rental houses in India are growing every day as the demand for the housing rises daily. Mumbai, the capital city of Maharashtra is the dream destination of a millions of Indians who migrate there in search of jobs and fulfill their dreams. It has shown a gigantic raise in the real estate market over in the last three decades specifically. The government has changed the economic policies towards business in the city, which has led to a steep rise in the real estate investments. The liberalization of the investment policies has made it easier for anyone to invest in real estate in Mumbai.
Mumbai being the finance capital of India is the hub for real estate and it has thus become a favorite ground for the real estate companies and builders in every aspect of housing. The various domains where the realtors have invested are for commercial use, industrial use, retail use, hospitality, healthcare and residential sectors.
The multinational companies have set up their base in areas like South and Central Mumbai. Since a large number of people from different parts of India migrate to Mumbai in search of jobs, there is a continual demand for residential buildings. More and more migrants have to fight for accommodation in Mumbai, as the prices are too high, and it is tough to find flats or rented house at feasible prices.
There is high cost of living in Mumbai, hence people having low salaries and income need to face various challenges, which include sharing in the same room, using common bathroom, and many other problems. If the sources are to be believed, there is a buzz in the real estate in Mumbai that the government will introduce apartments that will be available at cheaper prices, and this will be of great help to the people who fight with the accommodation problems.
The introduction of the cheaper version of flats would not put much burden on the pockets of the investors. It will be a boon for the people who could not afford to buy flats, if introduced as the prices of the real estate in Mumbai are skyrocketing! The rental values in Mumbai are expected to rise with the passing time; hence it is will be a wise decision to make investments in the real estate sector in Mumbai.
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Article Source :
http://www.articleseen.com/Article_Invest In Real Estate in Mumbai for Great Returns_133071.aspx
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Author Resource :
Kanika Jain writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange info. 99 acres covers buy and rent information, about city builders like Builders in Mumbai, Delhi Builders etc.
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Keywords :
Real Estate Mumbai, Builders in Mumbai, Mumbai Properties, 1 BHK Flat in Mumbai, Rent, Buy, Sale,
Category :
Finance
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Investing
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