Mumbai and Pune importance in IT industries

Maharashtra is the only district which is holding a large number of IT parks. Most of the IT companies were already had their head quarters at the financial capital of India and Pune. Moreover it is called as the fashion capital of India too. People try to have their head office at Mumbai because of the these reputation and the city Mumbai is well known to all kind of people around the country as well as it was well known to the all kind of business sectors around the world. Most of the foreign industries have their head office at Mumbai. It is well to all countries via both air and sea. This really added more advantage to the city in order to develop and expose it’s important to all business people.

I’m sure most of the people in this country would know Mumbai and it is activities by its day today life. Most of the property around Mumbai is ready occupied by the major industries and more over most of the residential property around the city is also converted into the industrial sectors. This thing is increasing the demand for the Property in Mumbai. Everyone knows that Mumbai is a place which was occupied by huge number of people. In order to accomplish the need to people to own a house; the building constructors had come up with an innovative process to construct Apartments in Mumbai.

The Mumbai apartments is really a good project which driving more benefits for both sectors. Apartments was constructed for the concern of common people to get an equal benefit when compare to the all of society around the city.

Now we can discuss about the second largest city in Maharashtra; it is none other than Pune. Pune is popularly called as the tech city which owns a large number of IT industries and moreover Pune is well known to all by its education sector. Pune is basically known as the education hub from its reputation. Right now most of the new industries are planning to have their branch in Pune and in order to accomplish their need they fully dependent on the Pune real estate business people. The city has so many luxury Apartments in Pune and it was extended to Wakad. When we compare the Pune apartments budget to Wakad apartments; Wakad is cheap one even the luxury Apartments in Wakad in cheap when compare to Pune and the builder Pride Purple Group in Pune is really playing a major in apartments construction.

Mumbai Dreams

Now we can discuss about the astonishing infrastructure and the Mumbai people dreams about the property to own in and around the Mumbai city. It is well know to all that every IT companies, Industrial companies, Building developers and most of the industrial business sectors are having the head office at Mumbai. Basically Mumbai city is been called as a headquarters for all business sectors. Despite the city has been packed with the industries still there are so many people are there with so curious to own a Property in Mumbai

But from the universal logic it is well known that everyone’s dreams won’t come true. It is like “she is mine in my dream; but in my life still she is dream” so still most of them are passing their life along with their dream. But they have a chance to own a property around the Mumbai city, the existing real estate market is proving lot of way for the individual to won a property. It is all about the Mumbai Real Estate market business is increasing like anything.

This situation is not only in fashion capital of India this situation is all over India in all metro cities. But apart from all metro cities Mumbai real estate market value is bit higher when compare to other metro cities. Each and every metro city is getting very exposure in the real estate business. Owning a property in big cities especially in Mumbai, it requires a massive task to find a suitable property or it is better to find suitable Mumbai Houses for Sale within your budget.

In this fast growing internet world lot of things are happening and all those are been innovative; which is been trying to give all result with the user friendly format. You can find the ad listings of properties in all metro cities with the classifieds page. Find the South India classifieds pages like Chennai Classifieds, Hyderabad Classifieds and Bangalore Classifieds and North India classifieds pages like Delhi Classifieds and Mumbai Classifieds

Mumbai the commercial and entertainment centre of India

The market in the Mumbai real estate is getting back to shape. Mumbai is the commercial and entertainment centre of India, generating 5% of India’s overall GDP and accounting for 25% of industrial output, 40% of maritime trade, and 70% of capital transactions to the economy of India. We all know that Mumbai is the financial hub of India. Mumbai real estate is a very huge market and has a very good potential.

There was a slight doubt in the investors, advertisers and buyers about the market conditions, but now the real estate market is growing at a fast pace. There is a lot of interest shown for the property market in Mumbai. The stock markets are doing really well after the new government and the sensex is very good. Real estate market is directly proportional to the Mumbai stock exchange.

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. The Real Estate Market News in Mumbai clearly indicates a market trend of an exceptional increase in offices and commercial unit’s requirements. The foreign investment is also directly proportional to the Real Estate in Mumbai. The other big factor is the recession factor with the economy slump down globally this will have an impact on the Mumbai real estate market.

The prices of the property rates have come down by 5% due to the global recession. The other problems faced by the market are the rise of operational cost. This is a factor which we need to look into a lot .The operational costs include labour cost raw material cost and transportation cost. The government also needs to take effort in giving benefits to the Mumbai Properties.

Tags: Apartments in Navi Mumbai, Apartments for Sale in Mumbai

Mumbai Real Estate Market

The Financial Capital of India is a hot favorite destination for Multi nationals Banks and various other companies. Mumbai being an island city has limited Central Business Districts and it becomes easier at times to make a choice considering the few options you have. Mumbai is well connected by Local Trains and an extensive network of BEST which runs the local buses in Mumbai. Office premises in February 2009 are at their peak in each location. The pressure is on a quality Commercial Corporate office complexes with limited availability left. The demand for real estate in Mumbai varies accordingly.

The real estate in Mumbai has grown at a furious and tremendous pace in Mumbai. In the year 2006 the Capital Values for Example in Andheri East were say Rs.7000/- PSF and now in 2009 the same are nearly Rs.15000/-. The same goes for lease rental values the same earlier were in the range of Rs.75/- to Rs.100/- for Prime Commercial Properties and the same are quoted more than double the price as for as Property in Mumbai is concern. There is a huge demand for properties in Mumbai and Apartments in Mumbai even in the crisis situation.

The real estate market in Mumbai is tipped to be the one of the most expensive in the world and it is definitely increasing at a rapid pace. There is limited availability of quality commercial offices on Sale and Lease and hence the prices are sky rocketing few years back. But now for some localities the prices are coming down. There will be some good quality office space of large floor plates coming up in Suburban and upcoming locations like Andheri East etc. in a few years now. There is immense dearth of good quality smaller offices in the range of 1000 to 3000 sq.ft and especially in furnished condition.

Vacancies for all prime building across Mumbai have declined over the last few quarters with increased absorption levels the prime building in the CBD, central Mumbai, Airoli and Parel micro markets are witnessing limited space availability for real estate in Mumbai.

Here you can find the details regarding the Mumbai real estate and the Mumbai classifieds.