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May 28, 2008

Luxury Real Estate Trends in Mumbai

Luxury high-rise planned for MumbaiMumbai is now not only for famous for its Fashion, Lifestyle and Glamour but also for its luxury real estate. The dominance of Big Builders in Mumbai attracts a lot of non-resident-Indians (NRIs) and corporate Buyers along with residents wanting to invest or buy a home in Mumbai. Buying a home is no longer just buying a mere apartment but it needs to have some character with luxurious features and amenities. Mumbai is the hub of the Indian housing industry and in the news more than any where in the country. Builders with Vision and its young population are taking the city to the next dimension. Real estate agents are promoting the idea of a guaranteed return on investment very heavily and aiming this pitch directly at the relatively-wealthy NRIs.

Indianground.com suggests:

For any NRI returning to India and making a property investment in a metro like Mumbai will be a wise decision as it’s one of the fast paced cities of India and is a haven for India’s wealthy industrialists, flashy film stars and internationally acclaimed artists. With a population of nearly thirteen million people, it’s the melting pot of diverse ethnic background and varied cultures.

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Filed under Uncategorized by Praveen Sequeira

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