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Wednesday, 6 May 2015

Investment in Flats in Mumbai

Although flats in Mumbai are in high demand the financial capital of India faces serious infrastructural problems. The prices of properties in Mumbai for sale has always been dependent on the proximity to the local train station as traveling is a big headache in Mumbai. People who are looking to take a residential property in Mumbai for rent also look at proximity to local station before making a final decision. Property for sale in Mumbai has always been affected by connectivity issues.

Although the scenario of infrastructural problems has improved in suburbs by a margin. Many people seek to buy Malad West flats for sale as with the development of the Western expressway the traffic congestion has reduced. People also prefer to take flats in Malad West as the get dual connectivity advantage of the local train as well as the recently developed Metro. This development has contributed to the growth of demand of Malad West flats for sale as land prices and rentals of flats in Malad West have gone up, since more and more people are preferring to invest in the locality. 

With huge land scarcity, the flats in Mumbai have always witnessed a double digit growth in the realty sector. Inspite of all the infrastructural problems the properties in Mumbai for sale still attract interest of the buyers and investors. Many people choose to invest in  residential property in Mumbai whereas other prefer to buy commercial property for investment purpose. Buying a property for sale in Mumbai is no easy task as Mumbai real estate is one of the most expensive realty sectors in India. And of course commercial property here is much more expensive than residential property in Mumbai. Still one has to look at his pocket and the locality to make a same property for sale in Mumbai investment decision.

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