Properties in Mumbai Witnessing an Upsurge in Investment and Slump in Buyer's Market

Mumbai property at Makaan.com

The market for Real Estate Mumbai Property that was lying low due to excessive inflationary rates, has, now, managed to come out of its box: the recent deal worth 57 crores for a duplex flat says the same story. Considered as one of the larger-than-life-life deals that Indian realty market has ever witnessed, the conception about the city that the demand from the elite has died away has been falsified. Though the rates are still skyrocketing, thanks to the huge capital rates, the NRI segment has kept the demand all high by striking hefty investment deals. The investors from countries like Hong Kong and United Kingdom have shown inclination towards putting their money into ultramodern apartments and commercial arcades.

The recent tie up of Donald Trump with India's Lodha Group is yet another proof that foreign investment is indeed there to save Mumbai properties from sans buyers situation. This infrastructural company had earlier done a deal in Pune, and now Trump has chose Mumbai as their next target. The project comprises of ultra-luxury residential complexes that would be meant for elite or affluent class. Lately, the craze of Indian developers to get themselves associated with some world-renowned brand name is going too high.

This was all about high-end property projects. But if the properties in Mumbai as a whole are  taken into consideration, there are only a few reasons for smiling for developers and builders. The inflation has gripped Indian economy very well, and it is the middle class that has to bear the brunt. Like other cities, properties in this city too are undergoing a down-phase in the buyer market. The demand has stooped to a low value, thus making the supply in excess. The prices are not getting corrected, and in light of that the demand-supply ratio has gone out of proportion. On searching some property sites, you will see that the rates have exceeded all the limits in South and Central Mumbai.

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