Demand for housing

While management of the inventory level and rising demand from home buyers may end with the decline in the rates of the property in Mumbai. In Mumbai Metropolitan Region (MMR) the property prices can fall by 20 per cent in next few months. According to recent study conducted by ASK, “The demand of housing in Mumbai Metropolitan Region is expected to increase by 1.20 to 130 lakh units per annum, while property demand in Mumbai is likely to correct by up-to 20 per cent in next few months and the main  reason behind this is large presence of inventory.

The demand for housing or apartments units has been driven by the sectors like; entertainment, media, telecom, finance, jewellery, IT/ITeS, gems and trading industry and it is expected that same will continue in future as well. Amit Bhagat, CEO and MD of ASK Property Investment Advisors stated that, “ Increasing sub- urbanization of the Mumbai region and demographic growth statics indicating that in next 2 to 3 three years there will be requirement of 1.20 lakh to 1.30 lakh housing units. The more he added that, “We are expecting that price will not go up because of balanced demand-supply ratio, while growth corridors are expected to witness rise in demand from end-user. It is expected that there will be 20 per cent correction in the price of real estate in next month.

“The expectations of low interest rates, standardization in approvals and different policy initiatives will provide boost to the real estate sector whereas; the imminent economic growth would result in higher addition of jobs, rising income levels and need for housing” ASK Group CEO and MD Sunil Rohokale said. At the same time, the housing units which meet the end-user budget can be the real challenge for real estate sector. The locations such as; Navi Mumbai, Ghatkopar, Andheri will be the future growth centers because of the infrastructure projects which are coming up in these markets. The availability of scarce land with limited FSI (floor space index) in the island city has compelled residential and commercial development to move north-wards. And various infrastructure projects are coming up in the suburban regions, which are attracting the developers to develop more projects in these markets.

Properties in Kalyan, Dombivli

In present there are two best way to maximize you ROI is to either keep your eye on stock market or invest in real estate, But in first one you need to take a lot of risk, where as in real estate all you need to do just little research and right time for investments. Real estate market of Mumbai is driving the real estate market in all over the country. Its dream of every Mumbaikaar to own a home, where they can live, but due to high cost it was difficult. According to real estate developers if you want to have the apartment in Mumbai, so you need to have good amount of money, but still thee is chance for middle class if you are ready to take the property in other areas such as; Property in Kalyan and Property in Dombivli.

Property in Kalyan and property in Dombivli are quite affordable with other basic amenities and features. The price range of property in Dombivli and Kalyan start from Rs. 20 lakh to 75 lakh with the options of studio apartments, 1BHK, 2BHK and 3BHK apartments. In Mumbai the demand of residential property is more than the commercial and in this scenario the property in Kalyan and property in Dombivli are playing the vital role to cater the need of housing units. According to real estate developers Dombivli and Kalyan regions soon notice the price rise for real estate market.

How to deal with finance?

If you wish to own a property in Kalyan and property in Dombivli, and you are finding the budget your budget short, so you can take the loan from banks or financial institutions because they provide loan easily with fast process. In present it’s easy to get the home loan in comparison of past, so you are free to take the advantage of RBI norms and policies. Real estate market of Mumbai will soon show the more improvement because of some new policies due to housing for all campaign. Even now day’s real estate developers are launching the new project in affordable range, so that everyone can own the home in affordable price. In Mumbai real estate market the demand for luxury property is less and supply is more, whereas for demand for affordable housing is more and supply for same is less.

The property in Kalyan and property in Dombivli, are currently in development stage and is the built up areas of greater Mumbai. The neighboring areas of Dombivli and Kalyan are also some of the most sought after by investors. Some of the developers such as; Saisatyam Group, Gajra Group, Dynamic Buildtech Ltd, Nirmal Lifestyle, Ashapura Constructions and Lodha Group are offering the apartments in the range of Rs. 25 to 30 lakh, so it’s pretty good news for those who want to own a property in Kalyan and property in Dombivli.