One of the most important questions about investing in residential or commercial property is selecting where you want to invest. While many cities in India are developing rapidly, Mumbai still manages to hold investor interest in the real estate market. Although rising property rates in the city is a hot topic, this mega-city of dreams is always under the radar of this sector attracting more investors with its city-wide redevelopment schemes and concepts.
Here we take a quick look at some reasons to invest in Mumbai.
Financial capital
Mumbai undoubtedly remains the financial center of the country which contributes hugely to the GDP of the nation and also in all of South Asia. According to Wikipedia, the city currently accounts for 10% of the country’s factory employment and contributes 6.16% of India’s GDP, 40% of foreign trade and 70% of the major transactions that take place in the city. . Mumbai is home to several financial institutions, giant corporate firms and companies, and even foreign establishments. The city is home to national and multinational banks that offer loan schemes and financial investment options to investors who want to invest in Mumbai real estate.
Infrastructure
Infrastructure quality matters when it comes to making urban real estate investment decisions. Mumbai has an excellent network of roads and flyovers, a network of suburban trains, the Mumbai Metro, and a bus transportation system to get you from one part of the city to another in no time. It also has reliable and affordable energy, excellent telecommunication system including high speed internet. Secondly, Mumbai also has some of the best schools in the country that offer education in various fields. The city also boasts some of the best hospitals in India that offer high-quality 24/7 health and medical care to local and international patients. The night life in Mumbai is always bustling and throbbing with some of the best restaurants, bars, cafes and hotels available in different environs of the city. If you prefer to have an active, urban and modern lifestyle, Mumbai is worth investing in.
bollywood
Bollywood’s presence in the city undoubtedly makes Mumbai a hot spot for property investors. The market for this sector in the city is always on the rise, with many B-town celebrities making investments across the city and splurging their money on high-end residential and commercial properties. Mumbai, the glamorous capital of India, is also the “preferred investment zone” for investors from across the country and the world.
modern perspective
With multiple urban development projects across the city, Mumbai is the city of the future. It is an ideal city to invest, especially for those who want to have a second home in the city that can be used in the future. It has a modern and international appeal factor that makes it convenient for NRIs to establish their future in their home country or plan for their children. With its rapid development plans and modernist approach, Mumbai has always remained a hot spot for investors looking to expand their property investment portfolio.
Apart from this, Mumbai also offers high ROI for property buyers and investors in the near future. It is recommended to look for real estate agents or consultants before investing in Mumbai who can help you with their professional guidance and quality service to invest in the best real estate deals in Mumbai.