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Reasons To Invest in Mumbai's Real Estate

Mumbai, also known as the "City of Dreams" or "Mayanagri" is the commercial, financial, and entertainment capital of India. It is one of the world's top ten cities in terms of global financial flow, generating around 6.16% of India's GDP along with 25% of industrial output, 70% of maritime trade and also 70% of capital transactions of the economy. Mumbai is also home to the highest number of millionaires and billionaires in the country. A plethora of Indian companies, as well as multinational corporations, have their corporate headquarters in Mumbai along with financial institutions like the RBI, SEBI, NSE, BSE, and etc. It also houses eminent and world-class Indian institutes of scientific development and research like the Indian Institute of Technology, Tata Institute of Fundamental Research, Bhabha Atomic Research Centre, Nuclear Power Corporation of India, Indian Rare Earths, and many others.



As far as the real estate industry is concerned Mumbai is like a heaven for developers and investors. Mumbai is one of the wealthiest and affluent cities in the world. Some of its areas are so sought after that they rank as one of the costliest properties in not only India but the world as well. Some of the notable precincts of Mumbai constantly rank very high in the Global Property Index. An interesting fact about the real estate industry of Mumbai is that the world's most expensive home, Antilia is located here. The Real Estate Developers in Mumbai is offering budget-luxury homes with world-class infrastructure and state-of-the-art amenities. Realty biggies like The Wadhwa Group, Piramal Realty, and others have come up with unique and innovative concepts to lure potential home buyers. Commercial properties are being developed with international collaborations from amongst the acclaimed and world-famous players of the real estate market. For e.g. Piramal Realty's newest project in Mulund known as Piramal Revanta has been developed with world-famous collaborators who worked on architectural marvels like Burj Al Arab, Burj Khalifa, Google Headquarters, Petronas Twin Towers, Louvre Museum, and many others. Mumbai has always been in demand for real estate developers owing to the high return on investment it generates. With best-in-class infrastructure, excellent connectivity via sea, land, and air and a hub of abundant employment and business opportunities make Mumbai an excellent choice for real estate investment.

Comments

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