Wednesday, 13 July 2016

Affordable Property in Mumbai Still Available Despite rising Prices

Real Estate property in mumbai

Perhaps the most famous street in India is in Mumbai, Bollywood has fed the image of this street in its movies since time immemorial. Although living here is only within the means of the wealthiest in the country, many have visited the street in the real life. The most popular images of this street consist of those when the street is lit up at night but it’s also a pretty destination to visit during the daytime as well.

If you are hunting for luxury apartments in Mumbai, Marine Drive needs no second introduction. You’ve known about it for years. Bollywood has stereotyped the locality as a likely destination for a rich industrialist to own a home. You know it already as the locality where only the wealthy can live by watching movies from the 1970’s and 80’s. Today however there are many more destinations for home buyers on the prowl for luxury flats in Mumbai. Property in Mumbai, since the iconic images of Marine Drive were pumped into our brains by TV has changed as more in the past 30 years than the resolution of our TV’s has in the past 10.

Many upcoming projects in Mumbai offer flats for sale for buyers who seek an exclusive experience. Such properties are intended to offer a quality of life which would shatter the world view of the gentleman on TV occupying the large home on Marine Drive in the 1970’s. He would likely wish he could start all over and work towards owing a home at such new properties in Mumbai rather than the one he has on Marine drive. Such has been the drastic change in the quality and exclusiveness of property in Mumbai.

Yet builders in Mumbai do not simply cater to one segment or class, even the top builders in Mumbai offer affordable 2 BHK flats in Mumbai which for many such builders is their mainstay. If you are looking for flats for sale in Mumbai from only one such top builder you would find a plethora of them available for prices which won’t require you to pay an exorbitant EMI for the next 200 years; though there are such luxury flats in Mumbai, however at the same time the city has more individuals than ever before who can simply buy them without the need for any outside financing.

The city of Mumbai is no longer reminiscent of Bombay, a name that seems archaic in a city which has discarded the now stale image of Marine Drive, in favor of the trendier “SoBo” at the same time as the cities film industry discovered the successful transition from wholesome boy meet girl love stories to movies catering to an audiences raunchier sensibilities to be far better money making formula.

Over the few years the property rates in Mumbai may have been appreciating faster than have been the steadily rising average box office intakes of the movies made in Bollywood. There however are still numerous flats in Mumbai priced at rates reminiscent of the times when movies where longer and the dresses worn by actresses on screen were shorter.

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