Mumbai Real Estate Market News

Mumbai Real Estate Market News shows some of the biggest names in the realty industry in India. Mumbai being the trade capital of India and the most desired property destination for the real estate property hunters has attracted major builders and developers not just in India but also the foreign collaborators.

Mumbai real estate market lists the maximum number of Real Estate Builders and Developers in India. The real estate prices in Mumbai are skyrocketing but still the supply of quality constructions falls way short of the demand.

Mumbai housing the top MNC's and business conglomerates and also the entertainment and Bollywood industry witnesses a large number of immigrants everyday. This has led to a never ceasing demand in the realty sector that is being engulfed by the real estate developments dragon.

Some of the Top Builders in Mumbai namely Hiranandani Constructions, Kalpataru Builders & Developers, K Raheja Constructions, Shapoorji Pallonji & Co Ltd, Ansal API Builders, D S Kulkarni Developers, Oberoi Constructions, Vascon Engineering, Panchshil Realty Group, and Godrej Properties etc are creating huge residential, commercial and industrial projects to fulfill the demands of the Mumbai Property market.

The Real Estate Market News in Mumbai clearly indicates a market trend of an exceptional increase in offices and commercial units requirements. The demand of office spaces in Mumbai is primarily driven by the IT/ITES, finance, telecom, pharmaceutical and insurance sectors.

By the end of 2009-2019, the estimated supply of office units is expected to reach a whopping 23.68 million sq. ft. Out of this around 33% would be contributed from the western sub-urbs of Bandra-Kurla Complex, Andheri, Goregaon and Malad and 27 % from the central sub-urbs of Kurla, Wadala, Ghatkopar, Thane, Kalyan etc. The office spaces being constructed consist of large built-to-suit office spaces or SEZ's and also huge office complexes for the large MNC's and corporate houses.

In the residential segments, the Mumbai Real Estate Market records the maximum realty rates in India in certain areas like Cuffe Parade, Marine Lines, Nariman Point, Malabar Hills, and Nepean Sea and in South Mumbai and Khar and Santacruz in western sub-urbs. More economical residential realty options are available in Mahim in South Mumbai, Kalyan and Ambernath in Central Mumbai, Panvel and Kalamboli in Navi Mumbai and Mira Road, Bhayander, Vasai, Nallaspora and Virar in western sub-urbs.

Besides these, the Mumbai realty news also gives you the trend and pattern of latest development and construction projects going on in Mumbai, the residential units being created, the ongoing property rates, the real estate market trends being followed by the Mumbai Property Dealers, the rental and leasing prices for Mumbai and options available to the investors and property seekers.