Nabil Yusuf Patel Reveals: 5 factors shaping real estate prices in Mumbai

Mumbai is one of the few growth markets with a large variety of different investment opportunities. Homeownership is a key goal of many residents here, as they find the right property that matches their objectives. Whether for retirement or renting, key projects, such as those designed by Nabil Patel Director DB Realty and others can make a significant impact on your capital invested.

Prime locations are showing growth

Prime locations, such as BKC, Colaba, and Lower Parel, are showing growth as greater demand spurs innovative development. Builders are designing consumer-focused projects that are emerging in high-tower, luxury suite, and residential complexes. Having a home in a prime location is one of the best bets in Mumbai as we move towards 2020.  

Zones with local economic development

Key zones within the city are up for redevelopment, which is adding new inventory into the market in the coming years. These may be in the affordable housing sector, which drives the local economic development of each region. This has an aggregated impact on the total housing market within the city. These zones are emerging as higher in value while providing new opportunities for investors to enter Mumbai even further.

Infrastructural connectivity to key areas

Certain upcoming regions are becoming increasingly connected to all parts of the city. The east side of Mumbai is also becoming connected to the major commercial hubs, for greater office commute flow. Regions on the outskirts of the main city are also leveraging the connectivity benefits offered via highways and expressways as well.

Development of amenities and facilities

Key projects are emerging with facilities and amenities pre-loaded. This allows a local community to thrive within the complex or society. Builders are encouraging these local hubs so that they can experience all the benefits of living in a sustainable housing complex. This is driving the demand for these holistic properties while giving buyers new avenues to invest in. It’s driving the market valuation upwards, as more value is given by key builders.

Commercial vs Residential demand

Seasonal cycles, government announcements and incentivization factors affect the demand for either property type. That’s why buyers should consult with thought leaders such as Nabil Yusuf Patel to understand the local market in depth before investing. A plethora of factors plays a key role in determining the direction of prices. 

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Created on Sep 13th 2019 05:01. Viewed 474 times.

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