Mumbai, the wealthiest city of India has a demand-motivated real estate market. Mumbai being the most densely inhabited city of India, the demand for the residential properties is always on the rise in this city. There is also an expansion in commercial market due to the intensifying requirement of the ever increasing workforces. The real estate properties have always been a windfall in Mumbai, yet the real estate market is expected to boom more in 2013. Though the property prices have breached affordability, there is an upsurge for housing as well as commercial properties in Mumbai. Residential as well as commercial properties have shown an appreciation. Investments in realty have shown beyond belief increment last year which will continue in 2013 also. Many renowned real estate developers are coming up with new projects in Mumbai.
Most of the current residential projects in Mumbai encompasses of 2 and 3 BHK apartments and villas with world- class amenities. South and central Mumbai are the prime locations for real estate investments. In terms of commercial market demand remains upbeat in the financial hub of India. There will be a significant amplification in the commercial complexes in the suburbs of Mumbai in the year 2013.
Upcoming Projects in Mumbai:
Below is the list of some promising upcoming projects in Mumbai:
Residential:
Godrej Properties: Godrej properties are coming up with new residential projects in the city that offers luxurious and plush amenities and facilities. Godrej Serenity- 3, 4 BHK apartments, duplexes and penthouses, Godrej Platinum- 2, 3, 4 BHK duplex apartments.
Lodha Group: Lodha Blue Moon- residential complex with 7-star amenities and serene living atmosphere. Lodha Fiorenza – multistory apartment with best amenities.
Raheja Group: Raheja Reflection is marvel residential multistory complex that offers 2, 3, 4, BHK apartments with finest facilities and amenities.
Commercial:
Peninsula Corporate Park -a business space in Lower Parel, Mumbai, Naman Midtown by Shri Naman Group- plush office spaces, Supremus by Lodha group- office spaces in the heart of Mumbai offering best amenities and healthy work environment to their employees.
The unswerving demand in the real estate has made Mumbai one of the most perceptive and matured real estate development platforms in India.