For a city like Mumbai which is called the City of Dreams, it is only fair that one dreams of settling down in the urban metropolis. It is an enticing motley of everything: glitz and glamour; rapid connectivity and social infrastructure; advanced amenities and bustling markets; enthralling sights and history; and the most gorgeous residences in the country.
The best luxury apartments in Mumbai are more often than not home to many celebrities and businessmen. After all, Mumbai is the most sought after city in the country for purchasing a house. If you are mulling over buying a dream house for yourself from Mumbai, then you will be interested to know the benefits of such an acquisition and accommodation:
An invaluable asset
For everyone, owning a house is one of the great ambitions of life. And why not? It is a key investment that guarantees a roof one can call his or her home, an infinite peace of mind, and a legacy for the immediate family. For decades, Mumbai has been the hottest investment and real estate location in India, thanks to its rapid urbanization, its critical role in the economy of the country, and steady house rates. Buying a home there gives an assured asset ownership that is bound to reap the dividends as Mumbai continues to prosper.
High property appreciation
From a return-on-investment point of view, a property in Mumbai is guaranteed to yield a high appreciation down the line. Annualized returns upwards of 10% are the norm in Mumbai. Of late, locations such as Malad and Navi Mumbai are seeing tremendous appreciation, making it a great time to buy a house in such trending areas.
No more hassle of rentals
While renting might seem like an appealing proposition, in the longer run, purchasing a flat or a home in Mumbai is the right option. This is especially true in case you foresee yourself living in Mumbai for many years, and want to establish it as your family’s permanent residential city. With renting, there is always the feeling that one doesn’t truly own the house. And, then there is also the lack of an asset and an investment. Moreover, nowadays, getting a home loan is not a big deal, especially in a major urban region such as Mumbai.
High prestige value and modern living
The prestige associated with owning a home in Mumbai, which is considered to be the most prominent and affluent city in the entire country, is tremendous. And with all the world class facilities that are pre-requisite of a modern metropolis present in the city, you can truly secure a promising future for your family and yourself by purchasing a home in Mumbai!
All in all, Mumbai is the perfect city to settle down and enjoy your dream house with your family for many decades. One must, however, pay special heed to purchasing a home only from reputed and well-established developers with state-of-the-art housing projects in Mumbai. After all, there cannot be a compromise with your dream house which is one of the most significant investments in any individual’s life.