Mumbai - The Most Prominent Real Estate Investment Destination In India

The financial capital of India which contributes about 6% of the total GDP of the country. Mumbai is not just the economic hub, but also the cultural and political hub of the country.

" .....the future of real estate in Mumbai is really bright and property prices here will continue to witness an upward trend" - Daniel Marshell, Senior consultant, Better Homes India.

"There's festive mood in the market, thus demand Is picking up starting Diwall season. If things go the way sales are picking up, we may even reach our peak In another six months" - Mayur Shah, President, CREDAI - MCHI.

First in the country to apply clear and transparent real estate regulations under RERA. Increased transparency brings higher investments into such real estate markets.

"The residential segment has cornered more than half the total investments during this quarter, thanks to the growing confidence among institutional investors owing to policy reforms" - Shobhit Agarwal, MD capital markets and international director, JLL India.

Massive infrastructure push by the state government towards easing commuting in western and eastern corridors of the mega polis.

" Indla's wealthiest state plans to spend almost $16 billion over five to six years on a revamp of key infrastructure, reviving long-dormant projects Including a Mumbal airport, a port and a key coastal road " - Devendra Fadnavis, Maharashtra Chief Minister.

 
" We have received almost 50 proposals from at least 15 countries expressing their willingness to partner In various mega-Infrastructure projects. We are not In favour of long gestation period and would like the MoUs to translate Into ground reality within a time frame " - Senior secretary, Maharashtra state government.

WHY ANDHERI ?? 

• It is one of the most developed suburbs in Mumbai and the credit surely goes to its connectivity. Both East and West zones of Andheri have a great demand for residential properties. "Andheri East is of the most promising location in the Mumbaits real estate market. The northern suburbs along the Western Express Highway are looking better in terms of residential demand. This is an ideal time for end-users and long-term investors, to make their move" - Ramesh Nair, CEO & Country Head, JLL.
• Centrally located across two major business working hubs of Mumbai i.e. BKC and Powai (Service sectors represented by BFSI, Consulting and Media), completes the ecosystem of a residential space within vicinity of a working hub.
• Andheri-east area is famous for the numerous offices at SEEPZ and MIDC. It is a hub for several office goers, and also offers easy connectivity to the other office hubs in Mumbai like Vikhroli.
• The most attractive thing for NRIs or people who are not used to long intra-city travel, thanks to the international exposure, is that Andheri is extremely close (5kms) to the international airport of Mumbai (Chhatrapati Shivaji International Airport).