Real Estate in Mumbai

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Mumbai Property Hub
(Property Consultant Advisors)
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Real Estate in Mumbai
Mumbai also known as the city of dreams and
opportunities is a major hub for real estate
developers. Mumbai is a metro city of India and
is well connected to the world, hence the real
estate in Mumbai has to also grow in the same
proportion to meet the needs of its
citizens. Mumbai real estate is increasing
exponentially with an idea of meeting the
increasing demands of the people and also for the
investment point of view, but the ratio of supply
and demand/investment must be maintained and also
the cost ratio should also be maintained which
can benefit the people.
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Current Real Estate scenario in Mumbai ?

• The New Year 2017 started on a positive note for
  real estate sector with a number of banks cutting
  down interest rates on home loans sharply.
  India's biggest bank SBI, for example, is
  offering interest rate of as low as 8.5 per cent
  on new home loans.
• For many people, housing prices remain
  unaffordable, especially in urban areas. The
  house price to annual income ratio in Mumbai is
  9. It should not be more than 4 at any point of
  time. This makes the homes in urban areas
  unaffordable for people. Home developers will
  have to think about building homes in the price
  range of average income of their customers.

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Current Real Estate scenario in Mumbai ?
Lower rates alone may not lead to actual sale of
housing units. An ability to service the loan
over a long period of time which in turn requires
the economy to maintain a high GDP growth will
play a key role in decision making prior to the
purchase of a house. The past few years have
been bad for the real estate sector, leading to a
huge inventory pile-up. Real estate consultancy
Knight Frank estimates that the unsold inventory
touched 1.5 lakh homes in Mumbai and about 1.8
lakh in the Delhi-NCR region by the end of 2016.
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Latest Real Estate Projects in Mumbai
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ertyhub.in
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