NRI Property Investment in Mumbai Real Estate Properties, Maharashtra

Mumbai is no way behind when it comes to a talk on property.
The Mumbai real estate is in its growth orbit
and attracts investors from major multinationals in the recent
times. Such is the potential of the city’s infrastructure that
it is known to be spearheading most cities as far as property
market is concerned. With Mumbai serving as the entertainment
city, even the organized retail sector here is fast flourishing.

Purchasing real estate in Mumbai requires a significant investment,
and each piece of land in the city has unique features, so the
property market in Mumbai has evolved into several different fields.

Having the potential to leverage high returns, a large number
of real estate projects are financed everyday in Mumbai. NRIs
can shop for property in the city with the expectation of attaining
an investment good, or with the purpose of utilizing it as a consumption
good, or both.

Appreciations
The hike in demand as well as supply and appreciation in capital
values are attracting good attention from overseas investors.
The Mumbai real estate has become a reflective of the high growth
in Indian property market. There has been an increase in real
estate value across micro markets in Mumbai as well.

Mumbai is looked upon as one of the most organized and transparent
property market in India. With cash components and transactions
shooting up in the last two years, the city has gained much popularity
among the investors, both domestic and international. The investment
market has been thriving with excellent returns going high over
the past few years. The real estate boom and an upsurge in development
activities in major parts of Mumbai have led to a rise in investment
prospects in commercial and residential sector.

Known locations like Bandra-Kurla Complex (BKC) and Lower Parle
have seen appreciations in commercial spaces falling under the
category of Grade A. The occupancy levels in other preferable
locations like Andheri West and Nirman Point also increased in
the current year and are believed to have marked the rise by 90-95%.
Another mark appreciation is in regard to commercial properties
in Mumbai, and is prevailing in the city’s micro markets barring
a few exceptions.

NRI Real Estate trends
Major property developers in Mumbai,
underpinned by the vastness, scope, success and scale of progress
in the city are now transforming developing properties into strong
retail bases. Then of course, the government permitting foreign
direct investment (FDI) up to 51% in retail trade has also brought
about major moves in retail industry.

The demand for property whether commercial or residential, is
very high in Mumbai. There has been steady demand for consecutive
years and has resulted in an increase in the yield rate. New real
estate projects in Mumbai are always in queue to be launched
by private as well as by government. This encouraged overseas
investors especially Non resident Indians (NRIs) to make significant
investments in Mumbai properties.

With an excellent accessibility across the globe, the city of
dreams, Mumbai has emerged as an ultimate destination for most
people. As per property surveys, one can sell any property and
get a price which is fairly good. Within the real estate industry,
it is believed that such periods come in cycles and bring an apt
time to cash upon.

What makes real estate in Mumbai so exciting
are an ongoing demand and the proposed projects that are to be
executed in approaching years. Builders always have special offers
and attractive schemes in store for end consumers. Capital Values
of quality apartments, in well-maintained old buildings and upcoming
projects, in South and South Central Mumbai, have gone through
the roof.

Photo: Mumbai skyline at 1830 by pronzz97 from Mumbai, India, licensed under CC BY 2.0, via Wikimedia Commons.