New construction projects in Mumbai have given the real estate sector in the metropolitan a much-deserved recognition. The industry has seen an exponential edge over the last few decades where luxury living in sub-urbs like Vikhroli is defined by skyscrapers and standalone properties. In the space constraint city like Mumbai, premium lifestyle does not seem to take a back seat. Especially, in sub-urban areas like Vikhroli, developers always come up with innovative ideas to encourage the idea of comfort living among the buyer’s group in the commercial hub of India. The sub-urban areas of Mumbai are now looking more appealing in terms of infrastructure support as well as growth prospects. Relevant amenities related to the luxurious properties have a major role to play in the home buying decision.
Ongoing Residential Projects in Mumbai
Nowadays, home buyers, as well as office occupiers, have a lot of expectations attached from the space that they are about to occupy. They start anticipating for a premium living and a comfort lifestyle from the luxurious accommodations and office spaces right after having a first look at the property. In addition, residential projects in Mumbai is a perfect solution to meet the growing demand of people residing in a sub-urban setting. This primarily assists in enhancing the complete profiling and viability of the cityscape.
The advantage of residing in a metropolitan like Mumbai are ample, where the sub-urban panorama is spread across the city amidst economic competitiveness. As per the research conducted recently, commercial and residential precincts in South Mumbai like Worli, Colaba, Mumbadevi, Malabar Hills, Byculla, and Shewri as they offer one of the most developed real estate structures, which are technological advanced. On the other hand, sub-urban parts of Mumbai like Vikhroli are now coming at par with South Mumbai.
Expectations from upcoming housing projects in Mumbai
Furthermore, areas that seem to expect considerable activities of redevelopment includes the Vikhroli, Dadar-Chembur belt, Mulund, Khar, Bandra, and Santacruz. Amongst the upcoming housing projects in Mumbai, large integrated townships are also being developed, keeping in mind the increasing demand for the superior standard of amenities in this kind of a project. The sustainable real estate will make its mark in the country over the next few years, both in residential as well as in commercial projects.
Additionally, realty developers in Vikhroli play a vital role in stabilizing with the ongoing market conditions and are instrumental in maintaining the level of transparency. Most of the real estate developers in Vikhroli aim to combine the concept of comfort and luxury living. Moreover, realty exhibitions might also be held in several parts of the city to present the project of those locations. The cityscapes are constantly emerging and getting technologically advanced by every passing day.
Many developers who are usually involved in the construction of Information Technology Parks and state-of-the-art office spaces are considering to step in building luxury homes. Metropolitan cities like Mumbai, Bangalore, and Pune are mostly at par with each other when it comes to real estate sector.
Additionally, the introduction of RERA Bill (Real Estate Regulatory Act) will impact the upcoming real estate projects in Mumbai positively and a huge transformation can be expected in the years to come. It will play a significant role in stabilizing and bringing transparency in the real estate market.