As one of the largest cities in India and South Asia in general, Mumbai is on track to becoming a city that is on par with some of the world’s most renowned cities, especially in terms of investment. The infrastructure development is rapidly pace. And investors all around the world are becoming increasingly interested in both. Commercial as well as residential properties in Mumbai.
The prices have been restrict to some level by various policies. And the economy during the pandemic has hamper the global economy. But despite everything, the real estate industry in Mumbai is still going strong.
Here’s a quick look at why property investment in Mumbai is the right way to go when it comes to real estate investment.
Why invest in property in Mumbai?
The number one reason to ever start getting into property investment in Mumbai of all places is because of its status in the country. Mumbai, or the Mumbai Metropolitan Region (MMR) rather, sold the highest number of units in India, almost double the amount of the National Capital Region (NCR), making it the biggest real estate market of the nation.
This suggests that the demand for apartments and residences in Mumbai is already surpassing the supply. In fact, real estate is in high demand practically all of the time in Mumbai.
Not to mention because of the slump that was seen around the world. And with the economy having gone down during 2020, the property prices have reduced. Due to this dip in prices, more people are now willing to buy as well as rent out houses in the city, and in fact, they are willing to buy even bigger houses with more facilities provided.
Especially with the work-from-home culture that now exists post-pandemic, plus with online schooling underway, this only means that people now require more housing space, which pushes up the demand for buying and renting bigger homes even further.
The better return on investment (ROI) for real estate investors is another reason to keep an eye on property investment in Mumbai. This is also why MMR is the most important real estate market in the world. There is a lot of incentive for real estate investors to invest, especially in the MMR market. Companies like Myre Capital can take care of all your investment needs, in Mumbai or otherwise.
The expanding population of India and Mumbai as a metropolis also contributes to this. There is an increasing demand for property as people migrate from rural to urban and suburban areas such as Mumbai.
How to go about property investment in Mumbai?
MYRE Capital’s open property, the Times Square Opportunity, offers a substantial investment project, located in the heart and the center of Mumbai. It has favorable micro market fundamentals with excellent lease terms.
Why MYRE Capital?
As a tech-enabled platform. It delivers liquidity to a curated portfolio of commercial houses ready to be rented out. Each and every property is chosen based on a set of strict criteria and guidelines with the help of 25 years of industry experience and their own SOUL© process and methodology.
All the while, it also offers quick access to their properties, especially property investment in Mumbai. Each investor receives a personalized dashboard where they may view all of their assets’ data and track its performance. Each investor will also allocated a personal relationship manager who can be reached through the dashboard as well.
It is more than apparent that it believes in full transparency of the properties, and comprehensive reports and full pricing disclosures are all available on the dashboard. All the important documents shared with each investo. Meaning investors are to share the benefits by also offering fractional real estate ownership of the same.
The best part of all? It is investor-oriented with no management fees impose or withheld from each investor’s rental profits. The entire fee structure is matched with investor returns. So you can go about your property investment in Mumbai with ease and security.
