There is No Downside To Investing in Residential Properties in Mumbai
The market for residential properties in Mumbai is on the rise. Luxury apartments in Santacruz are providing a community atmosphere for residents.
Mumbai is a city made up of 7 islands with a population of over 20 million people. With a total area of 603.4 sq km, Mumbai is extremely densely populated. The city being the commercial capital of the country is home to a number of commercial enterprises. With a number of Multinational Corporations and entrepreneurs starting their own independent businesses, the cities employment rate is constantly rising. The number of Millionaires and Billionaires in Mumbai are greater than that of any other city in India. Currently the real estate market in Mumbai is on the constant rise. Investing in property is becoming a trend among a number of the city’s elite class. The upper-class are beginning look beyond the simple life most residential properties in Mumbai provide, they’re opting for luxury living in premier apartment complexes.
Santacruz is one of the city’s most affluent areas, precisely the western part. Santacruz West currently serves as the city’s top earning area. It is the highest earning area in terms of annual household income in the entire country, even greater than that of Malabar Hill which is home to most of the city’s millionaires and billionaires. People are no longer looking for ordinary apartment complexes. Many of these factors are generating an increasing demand for luxury apartments in Santacruz.
Most of these high rise projects offer some of the most state of the art interior facilities. There is nothing ordinary about these luxurious projects. Top of the line marble flooring, designer light fittings and ceiling fans in all the rooms, modular kitchen with the most premium quality granite, latest refrigerators, washing machine, microwave, hob & chimney, top kitchen platform with a stainless steel sink, dado tiles up to the ceiling in all bathrooms are only a few luxurious offered in these apartments.
However, it’s simply isn’t just the interiors that make these luxury apartments in such high demand but the exteriors as well. These complexes offer more than just neighbours. With their unique exterior facilities they offer a community vibe among their residents. Gorgeously designed landscapes and play zones for children provide residents with an opportunity to convene. Many of these apartment complexes also provide gymnasiums where fitness freaks can meet and exchange views.
Two other unique features of living in these luxurious apartment complexes is health and security. These complexes provide an eco-friendly atmosphere while using systems like rainwater harvesting and vermiculture pits. Security is also becoming an ever increasing demand for residents in Mumbai. These luxury apartments provide a safe and secure environment for residents using Guardhouses and state-of-the-art security systems like Closed-Circuit Television & video door phones for video surveillance.
Santacruz West is a very pristine area in Mumbai. Santacruz is home to a number of the city’s top schools & restaurants and a domestic airport. It makes for an ideal area to raise a family. Today investing into property is viewed as a sound and sensible venture. Moreover, with expense avoidances alternatives for salaried individuals and appealing premium rates more individuals are getting attracted into investing into real estate.
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ABOUT THE AUTHOR
Shruti writes about the outlining benefits of having a luxury apartment in Santacruz and the benefits of investing in residential properties in Mumbai.