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Should You Invest In A Property In Mumbai?

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Should You Invest In A Property In Mumbai? - Mumbai - India - Analysis


The market for residential property in Mumbai was very upbeat in the fourth quarter of last year and the first quarter of 2010. It started showing signs of stability since the third quarter, most visibly in South/Central Mumbai, where investors had begun to outnumber actual end-users by then.



Interestingly, the deeper suburbs (Borivali and beyond) and the far suburbs like Thane and Navi Mumbai continued to be dominated by end users. In fact, the residential market in these locations has shown steadily increasing potential for the last two years. It was only the prime locations in South and Central Mumbai that began to fray at the edges.

CORRECTION?

Barring another economic calamity on the lines of Lehman Brothers – which could obviously affect the entire global economy – a sudden dip in any location of the Mumbai residential sector is improbable. The city continues to be the most robust real estate market in the country; factoring in all the advantages it has, this is not going to change in the foreseeable future. Property investors continue to perceive that investing in flats in Mumbai is always going to be profitable, regardless of location and other variables.


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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.