One of the biggest questions about investing in residential or commercial properties is to single out the place where you want to invest. While many cities across India are developing rapidly, Mumbai still manages to hold the interest of investors in the real estate market. Although, the soaring property rates in the city is a hot topic, this mega city of dreams is always under the radar of this sector drawing more investors with its city-wide redevelopment schemes and concepts.
Here we take a quick look at some reasons to invest in Mumbai.
Mumbai undoubtedly remains the financial hub of the country contributing enormously to the GDP of the nation and also across South Asia. As per Wikipedia, the city currently accounts for 10% of the country’s factory employment and contributes 6.16% of India’s GDP, 40% of foreign trade and 70% of the major transactions happening across the city. Mumbai is headquartering to a number of financial institutions, giant corporate firms and companies and even foreign establishments. The city is home to national and multinational banks offering loan schemes and financial investment options to investors wanting to invest in real estate in Mumbai.
The quality of infrastructure matters when it comes to making urban real estate investment decisions. Mumbai has an excellent network of roads and flyovers, suburban train network, Mumbai Metro and bus transportation system to get you from one part of city to another in short time. It also has reliable and affordable energy, excellent telecommunications system including high-speed internet. Secondly, Mumbai also has some of the best schools in the country offering education in various fields. The city also boasts of some of the top hospitals across India offering high quality medical and health care 24X7 to locals and international patients. The night life in Mumbai is always bustling and throbbing with some of the best restaurants, bars, cafes and hotels available in different vicinities across the city. If you prefer to have an active, urban and modern lifestyle investing in Mumbai is worth
The presence of Bollywood in the city certainly makes Mumbai a hot spot for property investors. This sector’s market in the city is always on the rise as many B-town celebs make investments across the city splurging their money in high-end residential and commercial properties. Mumbai, the glamour capital of India is also the ‘most preferred zone of investment’ for investors from across the country and globally.
With multiple urban development projects happening across the city, Mumbai is the city of future. It is an ideal city to invest especially for those who want to have a second home in the city which can be used in the future. It has a modern and international appeal factor that makes it convenient for NRIs to settle their future back in their home country or to plan it for their kids. With its rapid development plans and modernistic approach, Mumbai has always remained a hot spot for investors looking to expand their property investment portfolio