Monday 11 January 2016

Mumbai’s Growth Through The Eyes Of A Resident

    When real-estate mogul and billionaire Donald Trump decided to invest in Mumbai, the media was abuzz with excitement. Trump is a success story in a line that has rich rewards but notorious difficulties throughout. Why did he choose to invest in Mumbai? What made it appealing for him?

Mumbai has grown over the decades to become the hub for development and real estate along with various sectors related to business like marketing, finance, etc. Even India’s film industry calls it home for a reason. The abundance of the human resource is evident in the city and this high availability has led to a spike in the services sector while also aiding in the growth of the industrial sector in the outer reaches of the city.

This is the reason apartments in Mumbai are selling at an incredible rate. Purchasing properties in Mumbai has become a difficult task over the last few years, owing largely to the influx of immigrant labor from neighboring cities and states and even other countries such as Nepal and Bangladesh. Mumbai has a host of benefits it provides to its residents. As far as Indian cities go, it is well planned with public amenities rarely falling short of the requirements at any point in time. The water and piped gas supplies in most parts of the city ensure that people’s fundamental needs are met, inviting more and more people to come in search of work in the city.

The city has a variety of international level facilities like a suburban rail transit system, suburban bus system, sporting arenas and huge shopping malls. The shopping malls in the city usually cater to large numbers and are well equipped to handle large volumes of people. With the best international brands catering to the average Mumbaikar, the style quotient in the city is definitely on the up.

The recent addition of the air-conditioned metro line in the city means that commutes from the central suburbs to the western ones have been reduced by an hour. The service has proven to be a blessing and with similar services being planned across the city, should increase connectivity making the lives of the average resident easier.

The city is growing; more properties in Mumbai need to be developed. This is the reality. The price of apartments in Mumbai will also have to reduce drastically or salaries of the workforce increase dramatically to ensure that housing facilities do not go to waste. India is witnessing a change of epic proportions, with Mumbai at the heart of most of those changes. The future looks bright for potential homeowners in and around the city, the benefits of development and progress is there for all to see.

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