Realising the fact that property in Navi Mumbai is no less than a gold mine, property developers are making bee line to build residential and commercial segments in this city. Moreover, with the proposals to develop the city from its administration, now all eyes are glued on the properties in Navi Mumbai.
Another reason of the rising demand of properties in Navi Mumbai is the unaffordable prices of houses in Mumbai and its suburbs. For such reasons, property in India developers are coming up with affordable projects in the city with easy finance for the urban working class.
According to a report, the residential market in Navi Mumbai witnessed a growth in the year 2012, due to the high interest rates and whopping prices of residential units in Mumbai. Home buyers are also shifting their investment option from Mumbai to Navi Mumbai because the flats are being offered by developers at modest rates. Despite the growth of the residential segment the prices have not become unaffordable because of the easy availability of manpower resources.
Developers of Navi Mumbai property are coming up with attractive offers and schemes to woo home buyers and increase their sales.
Not only residential segment is enjoying the boom of Navi Mumbai property but IT companies and businesses are setting up their base for operations proving the city as the next commercial hub. Small shops and offices that were once seen as small investments are now gaining high demand.
Navi Mumbai property not only attracts domestic investors but also NRIs are looking forward to invest in real estate. With the downfall of rupee and dollar appreciating in value they are eyeing for every possible opportunity to invest in property in Navi Mumbai. With such determination they are taking help of realty portals to find potential property in the city that can give good returns in the future. As a result, the demand for flats in Mumbai is rising. For example, Makaan.com, a leading and highly preferred realty portal site, is the favourite of home buyers as it allows them to identify the right market and invest in the potential real estate or flats in Navi Mumbai that are good investment options.
The biggest news is that Navi Mumbai property posses all the features of a serious growth and expansion of various businesses thus making it a favourite destination for business professionals.
So, home buyers who are waiting for the right moment to invest in potential properties can consider Navi Mumbai realty market as the safe bet.
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