Friday, September 23, 2011

Top Residential Properties in Mumbai

Having a real estate market that is considered to be extremely viable for foreign as well as local investors, the demand for top residential properties in Mumbai continues to maintain a growth momentum by means of the correction in prices and quick paced construction activities. The flourishing insistence for construction of better housing properties has arisen due to the development in the commercial sector that is creating a shoot in employment opportunities. Thus, it has been marked that most of the newer investors in residential real estate are first-time home buyers. These investors want a lifelong investment that is bound to appreciate in profit and ensures high quality of luxury living with excellent modern day amenities, flexible yet comfortable interior spaces, and state of the art styling and design.

While the city’s real estate market is witnessing a high income demography and large investment action in all the price and segment bands, areas like Chembur, Malad, Worli, Dadar, Parel, Bandra Kurla Complex Annex, and Powai are hogging most of the spotlight. These places have distinct advantages over other areas, like being in close proximity to major commercial hubs of the city, having good connectivity to other areas of the city via rail or road, and housing prominent educational institutes, medical assistance centres, malls, clubs, parks and other recreational facilities. These areas have a number of high quality residential complexes under construction and in the pipeline, which have been undertaken by the city’s crest of builders and developers. Sensing the pulse of potential investors of the city, newer buildings are mostly high rises that are designed by expert architects and interior designers from India and across the world.

Some of the high end residential complexes available in the popular areas are built keeping in mind the target market. This translates into a number of beneficial factors for the investor. First of all, most of these buildings have a variety of apartments starting from studio apartment designs to 1BHK, 2BHK, 3BHK, duplexes, and penthouses. Secondly, the developers pour in extra money and time to pick an ideal location in the preferred area. The location also refers to the locality and safety for residents in the area as well as the connectivity and proximity for residents to commute to their workplace. Thirdly, most of the ongoing construction of residential complexes in the city are focusing and taking efforts to make buildings eco-friendly and conserve natural resources like water.

While there are many top residential properties in Mumbai that are available for sale, it can be challenging to find the ideal home. The trick is to find the answer to a few questions like what area you prefer, how big the house should be, what amenities you would like, and whether you will be able to manage the finances that may be required.

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