Mumbai Residential Property

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Mumbai Residential Property
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Mumbai brims to the top with all kinds of
residential properties right from the affordable
apartments to lavish bungalows. Mumbai shelters
both, the rich and the poor. Home to the
Bollywood celebrities, Mumbai residential
properties let the middle class in Mumbai survive
in full glory. It is in 'Aamchi Mumbai' where all
the folks from small cities, towns and villages
live the dream of their life, some aspiring to
enter the world of glamour and some to earn their
daily wages.
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Some of the main areas where a residential
property in Mumbai can be found are Malabar Hill,
Andheri, Nariman Point, Marine Drive, Worli,
Borivali, Malad, Ghatkopar, Lokhandwala Versova
and many more. Real Estate in Mumbai like any
other metro city is facing high tides of demand
for residential space. The demand for properties
in Mumbai is largely due to the advancement in
the suburban regions of Mumbai apart from the
main city. Navi Mumbai is one of the promising
suburbs for finding affordable options in Mumbai
at an economical price.
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The growing infrastructure with a parallel shift
in the population has given a new breeze of life
to the Real Estate in Mumbai. Despite the Eastern
North Western suburbs presenting various
options in Mumbai, the residential property
demand has time and again raised an alarm. Seeing
the immense pressure, South and Central Mumbai
have also chipped in to face the real estate
challenge.
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The real estate market in Mumbai records the
highest prices in India for regions like Marine
Lines, Malabar Hills, Napean Sea, Nariman Point,
Cuffe Parade, Santacruz and Khar. Other
affordable options available in Mumbai are
present in Mahim (South Mumbai), Kalamboli and
Panvel (Navi Mumbai), Ambernath and Kalyan
(Central Mumbai) and Bhayander, Virar, Mira Road,
Vasai and Nallaspora (Western suburbs). Areas
like Bandra and Juhu are highly expensive for the
middle working class but Navi Mumbai seems to
give some hope in this respect seeing the
upcoming residential projects which are
economically priced. However, to find a perfect
match of both price and choice when it comes to
purchasing a property in Mumbai is a daunting
task indeed. One must conduct a proper market
research before making any decision.
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The imbalance between the population rate and
development of residential properties in Mumbai,
in addition to the increasing cost of living, has
left many of the inhabitants as slum dwellers.
Mumbai needs to cross many speed breakers to
enjoy a smooth residential ride unless the
government and the private builders and real
estate developers unite to meet the space crunch
in Mumbai at par with the growing population.
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Contact
Kanakia Spaces Realty Pvt. Ltd.215-Atrium,10th
floor, Next to Courtyard by Marriott Hotel,Opp.
Divine Child High School, Andheri Kurla Road,
Andheri (East),Mumbai - 400 093, India
Kindly Connect Kanakia at www.kanakia.com