Luxurious Housing in Mumbai Harbour

The real estate sector in India  has come a long way by becoming one of the fastest growing business markets on the globe. It has not only enticed numerous domestic real estate developers, but foreign investors from all over the world as well. The rising income level, large population base and rapid urbanization are the key factors that have substantiated a proliferated growth in this sector.

Comprising of sub-sectors like housing, retail, hospitality and commercial, the real estate in India has majorly ben benefited by the residential segment, which contributes five-six percent of the country’s gross domestic product.

From being an unorganized sector to being one which is dynamic and organized, Indian real estate has witnessed plethora of developments in the last one decade.
Government policies too have proven to be instrumental in providing support after recognizing the need of infrastructural development all across the nation.
A 2010 statistic suggests that there was a demand of nearly 300,000 residential units across the seven major cities of Delhi/NCR, Bangalore, Ahmedabad, Chennai, Kolkata, Pune and Mumbai.

The past 5 years have seen some crucial real estate developments in these seven metropolitans.

Real Estate Developments in Mumbai Harbor (South Mumbai)
•The region has emerged as the premium residential market of the city.

•Bandra-Worli sea link and the Nhava Sheva-Sewri Link road have reduced the traffic congestion to a huge extent and have proved to be the infrastructural assets to Mumbai.

•The property rates are the highest in the region, ranging from Rs. 12000 to Rs. 50000 per sq. ft.

•Huge commercial developments are also coming up in Worli, Prabhadevi, Wadala and Lower Parel, thus fuelling the residential property prices in and around these areas.

•High-end amenities like sensor lighting, C.C.T.V., bio-metric entries are being provided by developers in every project.

•There are a few projects in the pipeline in South Mumbai, which are further boosting the price-rise in this part of the city.

Housing Projects in Mumbai Harbour

•Godrej Sky by Godrej Properties: An upcoming residential project by the renowned Godrej Properties in Byculla, Mumbai Harbour, Godrej Sky provides all the buyers with options in 2-4 BHK apartments within a price range of Rs.3.6-9.8 Crore. The area per apartment varies between 950-2242 sq. ft.

The project is spread over an area of 3 acres and provides all basic amenities like a club house, shopping center, sports facility, multipurpose hall, gym , swimming pool and power backup at the disposal of a buyer.

•Ajmera I Land by Ajmera Realty and Infra Mumbai: A residential project by the famous Ajmera Realty and Infra Mumbai in Wadala East, Mumbai Harbour, Ajmera I land provides all buyers with options in 2-4 BHK apartments with area per unit varying between 1350-3195 sq. ft.

The project is spread over an area of 100 acres with all flats divided amongst blocks of 55 floors each.

The possession is expected in December 2017 with all amenities like round the clock security, a multipurpose hall, a gym, a swimming pool, club house , cafeteria, power backup and a meditation center.

Mumbai harbor offers numerous housing options to those having the right budget and knowledge about the real estate market in the region. It all depends on the approach you move forth with and the requirements you have.

Anshuman Kukreti is a professional writer and a keen follower of the Indian real estate market. An engineer by qualification and an artist at heart, he writes on various topics relating to various real estate projects in the country.