2008 Graph of Indian Property Market

The property sale in India is witnessing growing increase over the past couple of years and also one of the top growing sectors in the state that in turn entice investors internationally to invest in India’s growing property markets like Chennai, Bangalore, Hyderabad, Mumbai etc. This supplement in growth is due to more than a few factors like rising income levels among growing middle class, nuclearization of families, easy home loans and changing demographics of home buyers.
A rising Indian market has created huge demand for commercial property spaces in the country to convene the office space needs for a leading corporate, MNCs sector and organized retail. The Indian organized retail itself is likely to acquire 220 million sq.ft. by 2010 across pan-India not limited to only top cities alone.
With a growing demand in the Indian real estate, there are a great number of international real estate players have entered the real estate segment in India. The demand for office space is growing at a CAGR of 13% on a pan-India basis.

Gulf Investors Can boost India’s Property Market

The real estate sector in India is set to grow by 30% and be worth $16 billion by 2010 despite the global economic downturn, it is claimed.

Middle East property investors and developers are likely to be the saviours of the property industry which is currently facing financial problems due to high interest rates and tight lending conditions.
They recognise that the economic climate may be difficult but they also recognise that they can benfit from lower land prices, lower material and labour costs and a market where demand is unlikely to disappear.

‘The internal demand for commercial and residential real estate in India is undeniable. But providing finance is in place many developments are likely to be approaching completion after the downturn has bottomed out,’ said Graham Wood, exhibition director for next month’s Cityscape India.
His company’s latest research predicts a 30% growth rate for India. It is also estimated that India is currently facing a shortage of 21 million homes. Wood also points out that more and more Gulf developers are interested in India.
‘The demand for affordable housing is immense and potentially the long term returns for investors and developers are colossal,’ he added.

Dubai-based Limitless is confident about the long term prospects of India’s real estate sector and will be showcasing key Indian projects including a 4,000 hectare mixed use development near Bangalore with accommodation for 750,000.
Dubai Properties recently confirmed that the company hopes to expand its development projects into India. And Dubai-based real estate developer Majid Al Futtaim has also announced it is investigating India as a possible region for investment and development.
Younis Al Mulla, MAL business development officer, said that the company was looking to enter a joint venture with a local firm to help it build a mixture of residential and commercial real estate in the country.

Mumbai Property Market

One of world’s most populous country, India, whose economy has seen speedy upward movement over the last few decades, is the largest South Asian country and has emerged as the region’s major economic power. One of the biggest contributors to the Indian economy has been its IT sector, expansion of which has resulted in domestic industrial growth as more and more multinational companies and services industries started to invest in India.

 

Due to such a rapid economic growth the demand for property in Mumbai is even higher as it is the business capital of country. This has made the job very difficult for those who are looking to rent or buy residential or commercial properties in Mumbai. In such scenario many real estate agencies are helping people in buying property in Mumbai. These agencies offer services to their customers together with buying, selling, renting-in and renting-out. If you are looking to buy residential properties in Mumbai or buy commercial properties in Mumbai then simply visit to the website of any of such real estate agencies like Better Homes India and you can find the best deal for you.

 

The unstoppable upsurge in Mumbai’s population is one factor that ensures heavy returns on Mumbai property investment. Lack of space for new property development from Juhu Beach to South Mumbai, has made the property prices in this area to shoot skywards. Additionally, property prices in posh areas like, Juhu, Bandra are to a great extent unaffordable to middle class. That’s why the market of real estate in Mumbai plans to develop several new projects in the suburbs of the city keeping in mind the affordability of the middle class. 

 

These factors kept in mind, it can easily be asserted that the property prices here will continue to witness an upward trend. Finding a property in this situation can be a taxing task and a real estate consultant like Better Homes can be of great help. Mumbai’s property agencies offer a wide range of services to the customers together with buying, selling, renting-in and renting-out. One thing is for sure that you can earn massive profit in future by investing in Mumbai real estate market.

Mumbai Property Market

One of world’s most populous country, India, whose economy has seen speedy upward movement over the last few decades, is the largest South Asian country and has emerged as the region’s major economic power. One of the biggest contributors to the Indian economy has been its IT sector, expansion of which has resulted in domestic industrial growth as more and more multinational companies and services industries started to invest in India.

 

Due to such a rapid economic growth the demand for property in Mumbai is even higher as it is the business capital of country. This has made the job very difficult for those who are looking to rent or buy residential or commercial properties in Mumbai. In such scenario many real estate agencies are helping people in buying property in Mumbai. These agencies offer services to their customers together with buying, selling, renting-in and renting-out. If you are looking to buy residential properties in Mumbai or buy commercial properties in Mumbai then simply visit to the website of any of such real estate agencies like Better Homes India and you can find the best deal for you.

 

The unstoppable upsurge in Mumbai’s population is one factor that ensures heavy returns on Mumbai property investment. Lack of space for new property development from Juhu Beach to South Mumbai, has made the property prices in this area to shoot skywards. Additionally, property prices in posh areas like, Juhu, Bandra are to a great extent unaffordable to middle class. That’s why the market of real estate in Mumbai plans to develop several new projects in the suburbs of the city keeping in mind the affordability of the middle class. 

 

These factors kept in mind, it can easily be asserted that the property prices here will continue to witness an upward trend. Finding a property in this situation can be a taxing task and a real estate consultant like Better Homes can be of great help. Mumbai’s property agencies offer a wide range of services to the customers together with buying, selling, renting-in and renting-out. One thing is for sure that you can earn massive profit in future by investing in Mumbai real estate market.

Mumbai Commercial PropertiesThe Mumbai commercial property market seems to be well prepared to face the constantly growing demand as it is offering and determined to offer better infrastructure and world class facilities at reasonably cheaper price. However, major works in this regard are still to be done. In current times, the support given by the Indian authorities to overseas direct investment, foreign investors are increasingly paying consideration toward Mumbai market, thus generating vast demand for office and commercial spaces.

The Mumbai commercial property market seems to be well prepared to face the constantly growing demand as it is offering and determined to offer better infrastructure and world class facilities at reasonably cheaper price. However, major works in this regard are still to be done. In current times, the support given by the Indian authorities to overseas direct investment, foreign investors are increasingly paying consideration toward Mumbai market, thus generating vast demand for office and commercial spaces.

Mumbai Property – Too Expensive for Middle Class

With towering rates of residential property in Mumbai, the middle class man is left out helpless across the city’s housescape, where prices rival London, Tokyo and other expensive cities. Easily Mumbai can be rated as one of the most high-priced places for those looking to buy a house. The situation has come with the decision of the state housing authority to increase rates of its housing stock by around 40 per cent in 2007.

The flats which were earlier supposed to come under the limit of affordable housing are now no more in the picture. Now, the flats built by the Maharashtra Housing Area Development Authority are the only ‘economical’ housing option available in Mumbai

Rental Property in Mumbai

House rent in Mumbai have been reacting with the situation. However, there are always a chances of correction as the markets swelter, just the way it happened in late 90s when the rental values were cut down by 10-15 per cent.However, the boom in the services sector has enabled corporate executives to take advantage of houses at these rates, as well. People are looking to stay closer to their offices to keep away from exertion of distant traveling and are ready to pay a bit more. Herein the demand for luxury apartments for elite class in Mumbai on rent is also increasing considerably.

Looking for Property in Mumbai??

The requirement for property in Mumbai is on the rise and getting higher day by day as it is the business hub of country. Who ever want successful life in India wants to be in this city of opportunities because of its importance. Many people want to get settle here in hope of good career and some want to spend a few days here.

 

This has made the job very complicated for those who are looking to rent or buy residential or commercial properties in Mumbai. But many real estate agencies are helping people in buying property in Mumbai. These agencies offer a extensive range of services to their clients together with buying, selling, renting-in and renting-out. In order to increase their business, few property agencies offer some services through internet.

 

So if you are interested in buying residential properties in Mumbai or want to buy commercial properties in Mumbai then just visit to the website of any of such real estate agencies like Better Homes India where you can find the best deal for you. Because no one does it better then Better Homes.

Real Estate Boom In Mumbai

Last few years have seen a fabulous increase in the demands for property in Mumbai. To overcome these growing demands for properties in Mumbai, more builders and developers are investing in residential and commercial property market of Mumbai. Most of these builders and developers are investing in properties in Mumbai suburbs.  

Since property demands in Mumbai are higher than the supply, the property prices in Mumbai have risen up during the span of time. Right now, property prices in Mumbai are out of reach of a middleclass buyer. Recently, Government of Maharashtra has taken some positive steps to keep a check on the price of properties in Mumbai and other cities of
Maharashtra. But to allocate more space for the development of new commercial and residential projects in Mumbai is the need of the hour.

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