Mumbai is a premium metro at any point of time. Commercial opportunities, amenities and lifestyle is what appeals many home buyers to secure homes in suburban areas and city places. The real estate in Mumbai was always higher than the other metros. Certain areas like town, Juhu or Bandra always were on the higher side in terms of rate and lifestyle. The recent hype about escalated pricing by builders have not hindered the aspirations of home buyers. People are still booking for plots that have a turn around time of two or three years.

Investors and also many NRI’s look for houses in Mumbai and native places to invest their surplus funds. Another option is that people rent out the houses to seek out a source of other income. Post Diwali was seen as a fall in rates though many aspirants are looking for better deals. The rental or lease scheme is also seeing high rates which have almost doubled up in the last four years. People are moving into rented apartments to secure an edge by selling owned flats and investing in short term benefits.

Banks are also offering loans with minimum paper work. The doorstep service offered by banks is easy for an applicant to secure the best offers among various banks. Another main look out is for insurance by private companies and financial institutions. Parking lot is attracting huge investment in many places as real estate in Mumbai is getting scarce. Many dumping grounds are acquired by reputed builders in turning them into lifestyle societies which is another common feature about Mumbai properties.

Most homes in Mumbai are furnished aptly by builders with modern amenities and furnishings. The bathroom fittings are plush and the dry area and modulated kitchen is another feature. Most buyers can actually move in directly without bothering about basic needs to live in a house. Most Mumbaikars fall into the double income bracket and aspire for homes for their job reasons or better life style needs in educating their kids, recreation or luxury needs. The demand for second hand houses is also getting higher and people are still in the wait and watch mode.

State run houses have given relief to many Mumbaikars in offering houses at affordable rates. The wastelands or slum areas are revamped and many people are now able to afford the basic amenities in low maintenance flats. Though new flats are getting scarce and the demand is speculated, the spirit of Mumbaikars remains positive towards the market trends in properties. real estate mumbai