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 Property in Mumbai - Real Estate Mumbai Discussion
Erstwhile known as Bombay, this is inarguably referred to as India’s economic bloodline and is the capital of Maharashtra. This city also is known as ‘city of dreams’ and is the home to India’s one of the most famous export ‘Bollywood or Hindi film industry.’ People from all over the country come here in search of livelihood and therefore, the living expenditures and even housing facilities are quiet expensive in comparison to the rest of India. In fact, Mumbai holds the distinction of being one of the most populous, as well as one of the most expensive cities to live in the world. But yet, the investor romance with the city continues unabated, although most land has already been exhausted for residential and commercial purposes. The key localities that have attracted investors are Andheri, Kandivali, Malad, Borivali, Kurla and Colaba. People looking for independent and affluent living would find it harder to find a place of their choice than those looking for apartments and flats as they are in short supply, all thanks to lack of land. As any property analyst would tell, connectivity plays a huge part in the branding and extending appeal of any destination for real estate, hence, to say that Mumbai has great infrastructure is not incorrect. With BEST buses, swarms of cabs, monorail projects, metros and even local trains, the city has lots of options. As the population has increased, the infrastructure and connectivity projects have again been green-flagged and projects like Virar-Alibaug multimodal corridor, Navi Mumbai International Airport, Mumbai Monorail, Western Elevated Rail Corridor and others have come up and these are sure to change the way Mumbai connects within itself and also with other states. Although due to sky-high prices the state of property in the city is lukewarm at present, yet, it continues to hold a lot of sway on real estate investors looking for a safe haven for investment.