Mumbai is the commercial and entertainment centre of India, generating 5% of India's overall GDP and accounting for 25% of industrial output, 40% of maritime trade, and 70% of capital transactions to the economy of India. We all know that Mumbai is the financial hub of India. Mumbai real-estate is a very huge market and has a very good potential.
There was a slight doubt in the investors, advertisers and buyers about the market conditions, but now the real estate market is growing at a fast pace. There is a lot of interest shown for the property market in Mumbai. The stock markets are doing really well after the new government and the sensex is very good. Real-Estate market is directly proportional to the Mumbai stock exchange.
Mumbai real estate market lists the maximum number of Builders and Developers in India. The real estate prices in Mumbai are skyrocketing but still the supply of quality constructions falls way short of the demand. The options of residential flats for sale in Mumbai are available in different locality. The foreign investment is also directly proportional to the real-estate market in Mumbai. The other big factor is the recession factor with the economy slump down globally this will have an impact on the Mumbai real-estate market.
The property in Mumbai for sale rates has come down by 5% due to the global recession. The other problems faced by the market are the rise of operational cost. This is a factor which we need to look into a lot .The operational costs include labour cost raw material cost and transportation cost. The government also needs to take effort in giving benefits to the Mumbai properties.
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