Real Estate Developers

Monday, 8 December 2014

Why Ongoing Residential Projects in Mumbai are attracting the Buyers

Development and sales of luxury homes have been lukewarm in most of the Indian metropolitan cities. Be that as it may, concerning Mumbai, developers keep on offering stylish flats in luxurious ongoing residential projects.

Majority Developers are offering luxury flats valued at approximately 100 Crore INR (roughly $16 million). Not only Malabar Hills and Altamount Road however areas like Worli and Lower Parel also are being explored for developing stylish properties.

In the most recent decade there has been a spectacular change in dynamics of luxury housing in Mumbai. A slowdown has been seen in the demand and value appreciation of properties in Marine Drive, Pedder Road and other locations in the city.

Developers are investigating Worli for constructing residential projects for buyers who would like to near the Sea Link for quick access to Bandra Kurla Complex. Corporate employees having offices in Bandra-Khar-Santacruz belt like Worli for getting a property as they need to reside in close proximity to their workplace.

Some of the upcoming residential projects in Mumbai are giving homes with sound proof glass in order that homeowners will get pleasure from peace without outdoor noise. These ultra-luxury flats are being offered to wealthy buyers who would wish to live in a house with rugs from or John Lobbs or Jimmy Choos. To bait buyers, developers are tying up with worldwide interior design firms.

Few homes are extending between 14,000 to 18,000 square feet with 14 feet high ceilings. The concept is to make farmhouse type of luxury in an apartment. A number of the flats even offer dramatic views of the city.

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