The real estate market in Mumbai has been a fragmented one due to it being a low island city. For an example, there is huge demand of 2 and 3 BHK units in outside of the city in areas such as, Charni Road, Mazgaon, Kalbadeviand also areas in Thane like kalyan to Badlapurwith price starting from as low as 16L onwards. On the contrary, there are substantial demand for 4 and 5 BHK units with price tag ranging between 1-5 crore are most sought after in Mumbai city. The real estate market in Mumbai has a large demand for high end properties rather than mid segment category.
Although there is huge demand for mass housing or affordable house in Mumbai but it can be met due to high land prices
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It will not be an overemphasis to call Mumbai a real estate giant. A huge demand of luxury, ultra-luxury, affordable housing and commercial projects, developers and buyers shift to this cosmopolitan city from all corners of the world. Being one of the most premium cities in India and across the world, Mumbai is undoubtedly is one of the most favorite destination to make a home investment!
