Commercial Market Scenario

Mumbai has clearly emerged as one of the greatest growing economies in India. The physical infrastructure in Mumbai is counted among the best in the country and the state government is positive in bringing contribution of private sectors to give a real realty boost in the Mumbai.
Mumbai is one of the most sought after city for international companies, corporate business, investors as it provides world-class living standards and globally comparable business houses in the form of Business Centers and IT parks. Business of Real estate in India is growing at a speedy pace in this futuristic city of joy

Property Information on Web

Information is the key to victory in any industry, but especially in the real estate field. If you know some simple methods, you can buy all kinds of precious homes and properties with no money down. While a lot of Indian has experienced the excitement of selling a home for a large profit, few know they can buy and sell many homes every year without access to big investment funds. Understanding the methods for purchasing property without a down payment enables average people to buy and sell homes on a continuing basis. Life, property, etc., are both precious and fragile, which need to be protected as well as to be flourished. It is at such times that one realizes the necessity and value of property.
Better Homes is a privately owned company with offices in India. Its web site consists of the largest single collection of properties and estate agents in India, with thousands of visitors every month.
To assist people when researching the Indian property market, http://www.bhomes.com contains current and useful data about Indian property on their website. Their distinctive position as an impartial resource means that they are uniquely positioned to provide price trend information for different types of Indian property.

The Trendsetter

Mumbai has always been the leading light in the indicative real estate  prices of Indian property. With the further establishment of the retail market, there has been an increasing demand for retail real estate in Mumbai. This has created a feasible market for mall space and other retail stores and showrooms. At present, the real estate financiers are chiefly HNIs, but institutional money is expected to be coming into this sector in the coming years.
The positive point for this city is the cheap telecommunications costs and ample manpower. Like all other major cities in the country, most of the office related real estate in Mumbai are absorbed by the information technology industry. If media reports are to be believed, a US-based financial giant is understood to have signed a deal for a property at Worli for a price much above the current rates.
According to state government sources, there is a scarcity of commercial real estate in Mumbai though the housing segment is on the increase. in spite of a crumbling infrastructure, crater-filled roads, the bomb blasts and the declining quality of public services Mumbai’s property prices have ascended almost to hundred percent, in the past couple of years the real estate experts observed. It is likely that like Mumbai every major city will start building new commercial sectors to attract investment.

Mumbai Property News:

Mumbai, the Economic Hub of India has always been the pacesetter in the indicative property prices of real estate India. Mumbai as such has always been in the front when it comes to property prices. In recent years Mumbai witnessed a record rise in Mumbai property prices competing with some of the highest real estate prices in the world.

 

The property prices as well as the increase in rents in Mumbai, is because of huge investments in the commercial sector. Mumbai has always been the paradise for most of the corporate sector to have their headquarters in the city due to its financial and geographical importance. Because of continuous growing demand for office space, created instability in demand and supply for residential properties.

 

Be it residential or commercial, the requirement today is for new and quality real estate, and Mumbai is constantly following this trend. In the current set-up, industry experts forecasts Mumbai real estate sector to witness more price hike in the coming months.

 

Residential development

Mumbai residential real estate has been on a soaring from past two-three years. The property rates are likely to shoot up more in near future.

 

Commercial Prospect

Predictions are that the Mumbai commercial property rates are likely to rise by about 50 per cent with large number of finest buildings getting constructed.

Real Estate in Mumbai

Mumbai is appropriately called the commercial and business capital of India as forty percent of India’s taxes come from this city alone, and half of India’s international trade passes through its splendid harbor. Mumbai is the core of human enterprise and is unquestionably one of the most preferred destinations in India for foreign direct investment such as joint ventures and Real Estate investments. Buy, Sell, Rent Properties, Commercial, Residential Land Plots, Office and Retail space from reputed builders/developers by qualified real estate agents with extensive experience in Mumbai properties.

Rents in Mumbai

Properties for rent in Mumbai have been reacting with the condition. However, there are always a probability of correction as the markets swelter, just the way it happened in late 90s when the rental values were cut down by 10-15 per cent.However, the boom in the services sector has enabled corporate executives to take advantage of houses at these rates, as well. People are looking to stay closer to their offices to keep away from exertion of distant traveling and are ready to pay a bit more. Herein the demand for luxury apartments for elite class in Mumbai on rent is also increasing considerably.

MUMBAI – REAL ESTATE PARADISE FOR INVESTERS

Mumbai is gifted by natural fjord via sea, interesting commerce across the globe. The growth of Mumbai has been amazing in the modern era. Especially growth of industries and boom in IT Sector has seen sweeping change in Mumbai geography. High rise Buildings resulting in sky high rates in real estate market and due to this it’s getting hard to buy property in Mumbai for common man. But at the same time Investors are gaining huge profits by investing in Mumbai property.

 As it is said that land is an asset, companies are now thoughtfully considering on buying large portion of green land. Developers are joining in with companies and vice versa for acquire land for office space constructions, biased on their requirements.

So if you have some handsome amount to invest in Real Estate Business then you must buy property in Mumbai, which after some time you can sell or rent out for higher rates then today. As due to such economical boom in Mumbai, lots of people who are coming here for jobs from other cities are looking to get property for rent in Mumbai. And due to this massive shifting from other cities in search of better future, rents of property are going higher.

To cater peoples need there are lots of agencies who are providing real estate services. Better Homes is one of them, so if you are looking to buy property in Mumbai or searching property for rent in Mumbai, then simply visit Better Homes website for your enquires because No one does it better then Better Homes.

The City! Mumbai

Metropolitan India have expanded speedily as growing numbers migrate to towns and cities in search of economic opportunity. Slums now account for 1/4 of all urban housing. In Mumbai, more than half the population lives in slums, many of which are situated near employment centers in the heart of town, unlike in most other cities in developing countries. The condition is inferior in Mumbai. The government is announcing housing polices to make housing available and affordable for all, in particular for the lower and middle-income groups. It plans to promote rental housing and new construction, redevelopment of slums and old buildings and boosting foreign investment in the housing sector. It also promotes township schemes just outside the municipal limits of Mumbai so that people working in the city can find homes to suit their budgets. But the reality on ground is alot different then it looks.

Mumbai Real Estate-Price Hikes

Mumbai has always been the leader in the indicative property prices of real estate India Mumbai as such has always been in the vanguard when it comes to property prices. In the recent years a record rise in property prices at par with some of the highest real estate prices in the world.

The property prices as well as the increase in rental values in Mumbai owe much of its credit to the large scale investments in the commercial sector. Mumbai has always been preferred for most of the corporate sector to have their headquarters in the city. There has been increasing demand for office space; which have therefore created an imbalance in demand and supply for residential properties. The rental values in Mumbai have also in high corresponding to that in other cities.

Property Buying Tips

Home-buying in Mumbai is always a compromise, no matter how much money you have (and especially if you don’t have enough). The difference between your idyllic home and those on offer may vary by far, so it is important to get the basics correct before you invest large amounts of your money. It is possible to resolve some issues afterwards, but you can’t alter the location.

The obvious factor to location is convenience to what you, and your family, do during the day or week. As you know most of the localities of Mumbai are getting congested day by day, so when ever you buy property in Mumbai, keep this point in consideration. You will already have chosen an area because it might be convenient for commuting to work, school, family or friends.

It would be beneficial to home buyers everywhere if they select some of the most common home-buying questions, and explore them in an article such as this.

So here are few most common questions when buying a home:

How do I find out my price range?

Determining a price range should be one of your first steps when buying a home. When you know how much you can comfortably afford each month, you’ll save time during the house hunting process by only visiting properties in Mumbai within your price range.

Do I need a real estate agent?

Here’s the short answer … yes! If you are buying a first home, you should have a real estate agent. Buying a home is one of the biggest financial transactions you will ever make, so it’s always wise to have professional help.

How do I research the asking price?

The first thing to realize here is that it’s called an “asking price” for a reason. The price set by the seller is never set in stone. It’s what they are asking for, and you are free to make a counter-offer is you see fit. Your real estate agent will help you validate the asking price by looking at comparable, recent sales in the area. This will tell you if the asking price is reasonable or over-priced, based on current marketing conditions.

What happens at the real estate closing?

Basically, the real estate closing (also known as a “settlement”) is when property ownership transfers from seller to buyer. All remaining fees will be paid as well, and these are known as closing costs. The seller gets their share of the payment, and the deed is transferred to reflect the new owner.