1. Residential Apartments in Mumbai
Intro: Affordable residential apartments in Mumbai can be found in areas like Mira Road, Thane, Navi
Mumbai, Goregaon, Malad, Bhayander and Virar.
Mumbai is a densely populated metro city. Many MNCs are operating from Mumbai due to the efficient
manpower availability. The presence of Indian Film Industry or Bollywood and the glamorous world of
Mumbai invites many people to settle down in this city, forever. The first concern of a significant number of
people heading to Mumbai is an accommodation once they arrive in this city of dreams. Residential
apartments in Mumbai are scattered in the main city and the Mumbai suburbs. The great demand for
residential apartments in Mumbai has skyrocketed the prices of apartments and flats.
Even though the prices of residential apartments in Mumbai are increasing exponentially, the city has ample
of residential options for the upper, medium and lower strata of the society. Mumbai has become an
economic centre of the country and real estate developers are making the most of it. The real estate market
is flourishing high and the demand for residential apartments in Mumbai in particular has triggered a mass
development of residential apartments and flats by leading real estate developers. The increasing property
prices have come as a boon for the real estate developers, however, many developers are now focusing on
providing affordable residential apartments in Mumbai.
The Mumbai government is also taking initiatives by working in coordination with the private builders to
develop townships with residential apartments in Mumbai at an affordable cost. This welcome move by the
government and reputed private builders has been hailed by the masses as once implemented millions of
people will get to live their dream of owning a residential apartment in Mumbai. Lavish bungalows of Mumbai
have taken a back seat with residential apartments in Mumbai becoming an instant hit and the reasons are
quite apparent. The cost, space utilization, safety, amenities, loan facility etc. attached to the residential
apartments in Mumbai have won the race leaving behind the bungalows or independent houses preferred in
the past.
Residential apartments located in the posh areas of Andheri, Bandra, Worli, Marine Drive, Breach Candy,
Colaba, Malabar Hill and Cuff Parade are extremely expensive. Navi Mumbai, on the other hand, provides
affordable residential apartments on the outskirts of the city. The location, loan amount and tenure, tax
exemption, EMI and interest rate should be taken into consideration before purchasing a residential
apartment.
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