Face of Real Estate in Mumbai
Indian real estate sector with its huge potential has witnessed high growth in recent times. The commercial, as well as residential spaces, has witnessed a significant rise in demand. Indian real estate has also attracted large foreign investments into real estate. With the demand and prices falling, real estate is reaching a saturation point in developed countries, for tapping opportunities in real estate, global real estate players are looking at emerging economies.
Having said that, Real Estate sector is critical to the Indian economy. Indian real estate market is expected to touch US $180 billion by 2020 says IBEF report, of which housing sector alone contributes 6 percent to the country’s GDP (Gross Domestic Product).
Mumbai, also known as the City of Dreams, continues to attract organizations as well as skilled & career-driven professionals. If you have visited the city – you would know why Mumbai has been the fastest growing city in India since past few decades. There has been an increasing demand for high-end residential apartments in Mumbai and many locations across the city are sprouting as options.
In real estate especially for investors, the immense scope for capital appreciation is offered by suburbs. According to property consultants, the rise in average residential property prices in 2015 in Mumbai came as a pleasant surprise as it was predicted to grow at 6-7 percent (y-o-y). We have witnessed the slow growth of Mumbai real estate of barely 3.3 per cent in 2016 which is expected to rise by 6 percent in 2016. Also, we have witnessed an appreciation of 7 per cent in the average residential property prices in Mumbai and suburbs in 2014.
According to the report released by real estate consultant JLL India, “Unlike the pre-global financial crisis (GFC) times – when prices saw double-digit growth (y-o-y) in the city and suburbs – the market has seen a rather subdued growth in prices over the last couple of years. This is definitely good news for the scores of end-users who wish to own a house in the city that has India’s priciest real estate.”
Residential development in Mumbai and it’s growth is major because of the planned infrastructure such as the Expressway, High-Speed Rail Link, Mumbai Metro Rail, etc. Social Infrastructure facilities like hospitals and schools are already in place.
Group Integrated which is credited for providing affordable housing to the modern Mumbaikar is one of the most experienced real estate developers in Mumbai. Also, one of the premier real estate developers in Mumbai city is Group Integrated.
While all real estate developers are known for delayed timelines, mismatch in expectations, hidden charges and so on.. Group Integrated, is known for adding tremendous value to the lives of their consumers – to their homes, their communities and their businesses. Also, this real estate developer has made affordable healthy living possible today with continuous efforts in satisfying customers for over 25 years now.
Integrated Kamal is one such thoughtfully planned project located right alongside the Goregaon-Mulund Link Road, in the heart of Mumbai with 5 wings, each with Ground + 16 floors. It is a residential masterpiece that consists of total 190 Flats.
We are confident that you will fall for the elegant architecture, and also modern+smart amenities like the well-equipped gymnasium and a recreational area for kids, spacious parking space and high-speed lifts makes this project an epitome of comfort and easy living. To have more clarity on affordability, the maintenance charges are much lower than the other projects, despite the modern lifestyle it offers.
The high demand for affordable flats in Ghatkopar (W), a surprisingly small number of flats in this category is available for sale.Group Integrated heard the crowd right, and has come up with Integrated Arya, surrounded by green beauty, Arya is a real definition of a complete home depicting nobility, solace and calmness thereby offering a life of contentment with well-designed 1-BHKs and 2-BHKs.