Mumbai , the capital of Maharashtra is also touted to be the
financial and commercial sector of the country. Accommodating a whopping
population, Mumbai is known to be one of the populous cities in the world. This
fuels the demand of real
estate in Mumbai in order to cater to the residential needs of the vast
population.
Mumbai is not just the economic hub, but also the cultural and
political hub of the country. The city of Mumbai has excellent transport
infrastructures. It is connected to all major cities via road, rail and
airways. The Mumbai airport is one of the busiest airports in India. The civic
amenities are also steady and reliable. The overall infrastructure has seen a
drastic improvement over the past few decades. The city boasts of world class
infrastructures and a workforce of both skilled and unskilled workers. The city
acts as a magnet for migrants from all over India due to the business and
investment opportunities it offers to people. These factors have combined to
act as stimulator in the demand of real
estate in Mumbai.
Mumbai is known as the financial capital of India. It contributes
about 5% of the total GDP of the country and is also one of the largest cities.
The per capita income of the city and the living standards are higher than most
parts of the country.
Major industrialization in the last three decades has made
Mumbai one of the best destinations for investment in India. The city of Mumbai
now boasts of business opportunities in sectors such as chemicals,
pharmaceuticals, information technology, engineering and biotechnology. The
city of Mumbai is also a major center for services and outsourcing industries.
The city is also fast becoming a center for IT (Information
Technology) related services. Several IT parks have either already come up or
are in the process of being established. The government has announced a host of
policies to support this sector. This is one of the strong reasons that people
are looking forward to buy
house in Mumbai.
Several Fortune 500 companies, multinational companies and banks
have their bases in Mumbai. The city also offers excellent educational
facilities. The city has reputable management schools and other educational
institutions.
The government of Maharashtra has made several policy
announcements to attract more investment to the city. The government has set up
various agencies to encourage both private and public investment by creating a
favorable industrial climate in the city, generating employment opportunities
and providing an edge to the industrial units of the city over their
counterparts. Moreover, the government of Maharashtra has made the process of
establishing a new business in the island city much easier than earlier.
Mumbai has been voted
one of the top cities of the world. It has a lot to offer to all kinds of
businesses and the investment opportunities are innumerable. These are the
reasons that are attracting the interest of more investors and end users to buy house in Mumbai. The
lifestyle quotient of the city is high and is one of the best cities to live in
India.