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Why is Mumbai Real Estate So Expensive?

February 16, 2018 | Admin

Why is Mumbai Real Estate So Expensive?

Mumbai is a beautiful city in the state of Maharashtra that is known for its fast life, education hubs, job opportunities, nightlife, beaches, hotels, infrastructure, glitz and glamour. Known is the ‘City That Never Sleeps’, there is always so much to do and so little time available. Without a doubt, a life in Mumbai is a life well lived! The real estate market in Mumbai is booming today with a number of residential as well as commercial projects throughout the city and its outskirts as well. You might want to purchase a residential space in this amazing metropolitan city, but the prices will make you want to think again! It is an undeniable fact that real estate is expensive price in Mumbai is expensive and the reasons are many, related to each other in some way or the other.

Being a city which was formulated by seven islands, Mumbai has on one side and water on the other, ultimately restricting an increase in construction to a great extent. Although plenty of land has been reclaimed in different parts of the city in order to increase land for construction, it is never enough. Being the economical capital of the country today, residential and commercial property demand in Mumbai continues to increase every single day. Excess demand and less supply automatically leads to an increase in property prices.

An increase in a city’s population has a positive and direct impact on the real estate sector. Mumbai is where you will find people from around the country and the globe as well. Once you step into this city, you will never want to step out! With an increase in the number of people shifting to Mumbai, property value is soaring today in different part to the city.

Mumbai has a fabulous social infrastructure that is pretty hard to find elsewhere. In fact, the number of commercial zones has increase over the years. Today, you will find the biggest Indian and international brands, places to hangout, fine dining restaurants, resto-bars, clubs, pubs, malls, multiplexes and so much more in Mumbai. It is an undeniable fact that an increase in Mumbai’s social infrastructure is another reason for property being expensive. However, you can surely find the best deal when you look at the right places.

Lodha Codename Xclusive is a magnificent high-rise residential development Mumbai by Lodha Group that you should definitely consider when looking out for luxury that is worth every penny spent. This development contains a high-rise tower (G +41) that offers 2BHK and 3BHK apartments that are defined to delight! The apartment carpet areas start at 732 sq. ft. and go up to 1049 sq. ft.

This residential development offers premium luxury and comfort that will blow your mind! The apartments contain imported modular kitchens, high-end fittings & fixtures, beautiful kitchens with multiple provisions, top-notch doors, large balconies and windows providing landscape views, safety features and more. This development also offers world-class external amenities that include a multipurpose hall, gymnasium, clubhouse on the 7th floor, healthcare facilities, 0 to 6 floors of podium parking, double-heighted lobbies, swift lifts and superior security for total safety.

Situated at Parel in Mumbai, Lodha Xclusive Parel offer convenient access to places like schools, colleges, banks, ATMs, hospitals, malls, shopping centres, cinemas, supermarkets, convenience stores, lounges, clubs, pubs, restaurants, cafes, public transport and more.

Starting at an unbelievable price of Rs.2.76 Cr. and gradually moving up to Rs.3.83 Cr., the apartments at this development are high on luxury and low on cost. You can choose from different payment plans along with home loan facilities, NRI service, customer support and more for a happy buy.

Lodha Move Up is a glorious high-rise residential project in Mumbai by Lodha Group that offers a modern-day living surrounded by luxury and comfort on all sides!

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