Residential Property market Heating up in Navi Mumbai

With the increasing of dollar rate compared to the Indian rupee, a lot of foreigner who basically belongs to India wants forward to invest in real estate in India. Nowadays Mumbai is a booming real estate market, NRIs have invariably through of it to be secure bet to speculate within the city. Generally, foreigners are staring at this era as a particularly advantageous one for real estate investments. The government has been creating aggressive policy changes clearly aimed toward routing a lot of foreigner investments into Real estate Mumbai.

Residential Property In Navi Mumbai

If we consider about Real Estate Market of Navi Mumbai, then we get Residential and commercial property price in Navi Mumbai are going from strength to strength. And, there is no cause why it should not be. Both Residential and commercial property in Mumbai are touching skies and business organizations are finding it increasingly difficult to cope up with the overheating property values. Buy Residential Property in Mumbai, other hand, are pretty less in comparison to Mumbai and the state of well infrastructure here is not as congested as the main residential areas of Mumbai.

There are many Residential Property in Navi Mumbai that are under construction that has potential to generate massive need for residential and commercial purpose in Navi Mumbai, let's see what happens in the future, "says a property agent dealing in Navi Mumbai Properties".

On the other hand, Navi Mumbai real estate is enjoying bullish attitude of property developers and commercial spaces constructions. The reliance Group has already announced to construct a huge 5,000 hectare SEZ in the region and about 8-lakh Sq. ft. of commercial space will be added to Navi Mumbai properties by the end of 2008. According to some studies, the office space rentals in Navi Mumbai are in the range of 50-80 per sq. ft. at present.