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Why is this the right time to purchase property in Mumbai?

Property investment is the oldest form of investment. It is done with a lot of financial planning by the property investors as well the property buyers.<br>

shikhadesai1990
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Why is this the right time to purchase property in Mumbai?

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  1. Why is this the right time to purchase property in Mumbai?

  2. Property investment is the oldest form of investment. • It is done with a lot of financial planning by the property investors as well the property buyers. • Being the most populated city in India, Mumbai attracts a lot of people who come here in search of some employment opportunities. • This leads to the need of residential properties in Mumbai, which in turn reflects on the real estate prices in the city.

  3. Property in Mumbai has always been expensive and only a handful of the crowd can afford to buy property here. • Mumbai is basically known as the most expensive city in India with modern lifestyle and therefore people from different parts of the country dream of living here. • Mumbai has a plethora of options for residential properties to choose from. • The prices of 1, 2 and 3 BHK apartments in Mumbai vary from area to area.

  4. It is a paradise for investors to buy Property in Mumbai because it offers a high ROI (Returns on Investment) for both the investors and the buyers as well. • This is the main reason why Mumbai acts as a magnet for all the real estate investors in Mumbai.

  5. Currently Mumbai offers a great mix of new residential projects and commercial projects which are in the development phase. • The upcoming residential projects and commercial projects are going to witness good profits in the coming years. • With new MNC’s and brands across all the sectors planning to set up base here, which means the prices will only appreciate and never depreciate.

  6. New rules and regulations that are coming into force will help attract more investors in the near future. • The Real Estate (Regulation and Development) Act, 2016 (RERA), intends to protect the interests of home buyers and enhance transparency in the real estate sector. • The Government of India enacted the Real Estate (Regulation and Development) Act, 2016 on the 26th March 2016 and all its provisions came into effect from 1st May 2017.

  7. The Maharashtra Real Estate Regulatory Authority (MahaRERA) came into existence on May 1, 2017. • Builders and real estate agents had been given a 90-day window, to register their new and ongoing projects, with the real estate authority, which ended on July 31, 2017. • The RERA will give the Indian real estate industry its first regulator. • The most positive aspect of this Act is that it provides a unified legal regime for the purchase of flats; apartments, etc., and seeks to standardise the practice across the country.

  8. Thank You

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