Real Estate in Mumbai

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Real estate in mumbai

• A Quick Glance

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Introduction

• Mumbai, the nations financial capital is home to
  some of the countrys biggest real estate
  developers.
• Raheja, Lodha, Kanakia, Rustomjee etc are some of
  the biggest builder names in the city.
• After a slump in 2017, real estate prices and
  sales have picked up again in 2018.

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Real Estate Market in Mumbai

• In 2016-17, the real estate market witnessed a
  slump. Following demonetization, RERA and GST,
  prices dropped and sales slacked.
• In 2018, the market for real estate in Mumbai has
  steadily picked up again.
• Demand is coming back and projects are being
  constructed faster than ever.

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Real Estate Market in Mumbai

• Builders are now compliant with RERA. They have
  to abide by stricter regulations. This means
  there is more transparency in real estate than
  before. RERA has also ensured that customers are
  more educated.
• Several builders have formed joint ventures to
  complete projects.
• Customers are exploring real estate in Mumbai
  with great interest.

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Rise of Premium Mega Real Estate Projects in
Mumbai

• In the last 10 years, there has been a huge
  increase in high rises and premium projects
• Most high rise projects are situated in suburbs
  like Goregaon, Malad Mira Road. Premium
  projects are mainly in Central Mumbai.
• Large scale mega-projects have also become
  popular in the last 10 years.

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real estate in mumbaiMega projects
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Neeta LT Crescent Bay

• With apartments ranging from Rs. 3 11 crore,
  Neeta LT Crescent Bay is a massive development
  in Parel.
• Apartments are available in 2-4 BHK configuration
  ranging from 1320-3910 square feet.
• The prime location is a bonus. This real estate
  project in the heart of Mumbai is located near
  the Eastern Freeway and is also close to both
  Western Central railway lines.

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Neeta LT Crescent Bay
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Piramal Mahalaxmi

• With a beautiful view of the racecourse, Piramal
  Mahalaxmi is another premium project in the heart
  of the city.
• The project houses 542 units and features a
  swimming pool, jogging track, tennis court many
  other modern amenities.

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Piramal Mahalaxmi
View from Piramal Mahalaxmi
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Kalpataru Magnus

• This project is situated in the prime suburb of
  Bandra.
• Flats are sized between 823-1824 sq ft
• It is expected to be completed within 5 years
• It is within a short distance of the SCLR, Bandra
  Worli Sealink and BKC.

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Kalpataru Magnus
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Conclusion

• The economic climate for real estate in Mumbai is
  expected to improve by the end of this year.
• In the future, as new infrastructure (especially
  metro lines) is created, demand for housing in
  all areas of the city should increase.
• Real estate in Mumbai has always been will
  always remain a great investment.

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