Real estates in Mumbai
Real estate means “Realty investment” it plays a vital role in India. In real estate the prices are fixed and hence the unsteady prices of the property and its investment are gradually decreased. India is in the top compared to other countries in real estate investment in Asia for 2010. In India Mumbai and Delhi are the cities that lead in real estate investment. Real estate companies are coming up with various residential and commercial projects to fulfill the demand of the people in the cities. Real estate project include multiplex, Cineplex, commercial complexes and integrated townships etc. These projects are attracted by foreigners leading to foreign direct investment on these projects.
Scope for Real estates in Mumbai
Mumbai leads in the real estate investment in India as there are many construction projects done in the Mumbai. Due to the availability and affordability of the land areas it leads compared to other state. Flats and complexes with luxury are constructed to the peoples demand by resorting Waste lands. Many loan scheme offered by financial sectors and banks with less rate of interest is offered to the common people. Many banks offer Doorstep service to support their dream project. At present the rate of flats and complexes are high but the prices are expected to fall by the end of the year which make it good for investors and other residents of Mumbai. Reduction in loan rates from banks can also boost the people constructing their own homes in areas which they wish.
The real estate agents in Mumbai are extremely good at their market approach. Real estate in remote suburbs like Mira Road, Vasai and Virar is also getting popular among people with plenty of opportunity. Along with the new projects there are also many new reconstruction real estate projects available for the people. Some of the projects are taken up by the government itself and worked. They are also implementing the new latest concepts in the real estate projects so that the people get good interest in going for the real estate plans.
People interest on real estate projects
Mumbai people always face a constant problem of building the complex that will suit their needs of transportation and school and educational facilities. People who wish to have all modern facilities like semi furnished apartments like bathroom fittings, modular kitchens and tile work, swimming pool, gym area and also play parks are also built along with their complexes. Homes are also built with piped gas facility and 24 hours water facility. On the other hand many people who wish to own houses in Mumbai are still forced to buy homes in remote suburbs which are only affordable to their status. But the prices are expected to fall by this Investors gets opportunity to purchase flats at a lower rate and also sell them at a future rate. The primary aim of purchasing the complex is to have easy access to transport and school or other educational institutes .Mumbai real estate laws are stringent it follows the major rule of stamp duty, registration, transfer of property rights and other legal formalities.
Premium properties in real estate
Certain town in South Mumbai is considered as a premium area in terms of real estate. Colaba, Fort, Nariman Point, area near Parle or Juhu comes under a premium price tag. Most of premium properties are occupied by celebrities and film stars sports or industrialists who want to have a quiet life away from public. The buyers of the premium projects are usually people in the higher section of the society. The upcoming premium sector is Navi Mumbai and Vashi, railway stations like Juhi Nagar, Goregaon West etc.
Real Estate Agent in Mumbai
The real estate agent plays a vital role in constructing the dream project for common people. The estate agent shows several projects which are ready and finishing status which will help people to make the best choice. They also help people to get rented houses that can help the people till they get their permanent house. Their commission rate depends upon the market rate. A reliable estate agent consists of lot of experience and marketing knowledge. They will have contacts with builders and also sub brokers which help them to select best complex according to the investors wish.