Mumbai Property Hub lists Mumbai Real Estate properties and flats by the most reputed builders in real estate.
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(Property Consultant & Advisors)
➤ If you look at a historical map of construction and Mumbai Real Estate since independence in 1947 till now, you will see a drastic boom. Mumbai Real Estate is on par with the world’s most expensive and dense real estate markets.
➤ Real Estate in Mumbai is comparable to the real estate of New York City, San Francisco and Hong Kong. The prices, the architecture, the amenities, are all rapidly evolving and becoming more sophisticated with time.
It was reported by DNA that real estate prices in Mumbai were falling significantly in 2015 – where an apartment that would cost Rs. 3 crore in 2014 was fetching somewhere around Rs. 2.91 crore in 2015. This is not a huge difference in pricing, but when you account for all the properties and apartments that lay empty across Mumbai even today, it adds up to a significant loss for the real estate developer but benefit for the first time buyer who wants to get in on the lowest possible pricing available. Currently, though some people believe prices are lower than they used to be – the market continues to grow albeit at a steadier level. The main reason for that is so many new jobs and opportunities are in Mumbai and everyone needs a great place to stay.