About Mumbai Property Hub
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 has been compared with that of New York City, San Francisco and Hong Kong. The prices, the architecture, the amenities, oh the amenities – they are all rapidly evolving and becoming more sophisticated with time.
How Mumbai Real Estate Has Evolved
In real estate there are three magic words to pay attention to, “location, location, location.” Mumbai real estate happens to be the hottest lo
cation in India. Well-established businesses and individuals have made Mumbai their home. The world’s largest film industry, Bollywood, is also located in Mumbai, formerly known as Bombay. Everyone is vying for space in a city that has very little of it. The population density in itself causes Mumbai to be one of the most crowded real estate markets in the world.
Every single one of the 20 million people who currently live in Mumbai want to be here – and others, including foreign investors and expats, former NRIs are also making the move back to this booming economy.
Mumbai used to be marshlands – 7 separate islands – adjoined since the 1880s to make one of the most recognizable metropolises in the world. A mega city with mass international and national appeal, Mumbai real estate is at the heart of India’s progress.
Real estate in Mumbai has changed fairly steadily. Though affordable housing was available well into the 90s during this time, Mumbai suffered a big loss in terms of valuation. While still pricey when compared with the rest of India, Mumbai real estate was on a downturn.
The world has spoken and it sees Mumbai as a prime real estate locale.
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