Mumbai Real Estate prices do not always mean good property


The real estate business in Mumbai is one of the leading reasons for the prosperity and the high amount of turnover for real estate businessmen working in Mumbai. The fact of the matter is ultimately,the amount of satisfaction that a customer gets after he gains the property that he has purchased from the real estate agent for a huge price.

Mumbai Real Estate is well known for its huge price tags that attract many potential investors who like to invest their funds to acquire property for a high gain in the future. On the other hand, people who are living and working in Mumbai get their house after paying a huge amount of money but, do not get the true satisfaction and the idea that their requirements are not fulfilled which includes house area per square feet etc.



People who normally invest in real estate in Mumbai are found that majority of these investors do not live in Mumbai and do not have their base of operations in Mumbai. This puts an additional pressure on the availability as well as the amount of funds that people who are based and who are working in Mumbai on a daily basis. Just because property in Mumbai is extremely expensive,that does not rule out the fact that the features of the house should meet the buyers requirements and not just be a liability for the person possessing the house after paying such a huge amount of money from his funds.

The real estate business in Mumbai is corrupt in a way and does not fully cater to the needs of the investors as well as the clients who are desirous of possessing property for a price. Investors are also very cautious about investing in this business since the liquidity of these forms of investment is very low and the possibility of converting the real estate or the property deal into hard cash takes a considerable amount of time.

This puts an additional burden on investors who are in dire need for hard cash and that too, in a very short amount of time.



Comments

Author: Arvind Kuril12 May 2013 Member Level: Gold   Points : 3

Since the topic is old but the problems are still same. Now the rates of Mumbai Real Estate has shooted up like anything. The rates are growing like 15% to 55% in quarter of the year. Not normal people do not have space to think about their dream homes. All loans are also provided at high rates. Government tried and reduce the rates but that is like peanuts only.

Agree with the point of Ishan.



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