My Property Deal in Mumbai

Mumbai Property my Investment Dream

   Over the last decade, the price increase of property is astonishing and the halting line is nowhere around.   Prices have gone up so much so, that now the price per square foot of property in Mumbai has surpassed the price per square foot in both New York and London. Despite problems in the markets recently, property prices in Mumbai remain at extremely high levels. 

   So just how unaffordable is property? The per capita annual income in Mumbai is approximately Rs. 6,00,000. While property prices anywhere ranges in value significantly, an average property can cost around Rs 10,000 per square foot and often much more higher than this. Now imagine a person of average income wishes to buy a 1,000 square foot property? How many years of income he need to accumulate, will he get an extension to life span? 

  It would take 20 years of one's total income to afford such a property. In actual fact, it is impossible to devote one entire income to purchase a property, so let's assume an individual can devote one-third of their economy towards purchasing a property. In that case, it would take 60 years to afford a property.

       Properties in Mumbai are highly overpriced that is the fact every admit. Laws of economics is not applied for shorter period, it work on cycles of decades depends on demography. I  look in term of self  economy  than waiting for   Mumbai  Black money to turn white and find a reasonable stability  of  valuation in property market OR natures  migration  theory  will be the best .  As many  already  experienced  Only Riches and Rags can stay in prime Mumbai, why unhappily  cling to the forbidden fruit ?, chatting and  applying   Oxford  financial  theories  doesn’t work here, the reason  they are the torch bearers of the investment house. 

Step in  to Mumbai Suburbs   make life   going  and  easier

        I don’t understand  why  few youngsters View like this, “ Though I am decently paid individual my dream house will remain in dreams, the common man is not even able to buy a small shed to protect his family”. They  agree that Mumbai is costly, but then the income here is also higher  but balancing becoming difficult especially on Residence.

    Get on to Mumbai Suburbs      Navi Mumbai,  Panvel,  Karjat, Nalasopara,  Virar,  Vasai 
  are  finest  investment options for
  the beginners  and First time Shelter   buyers.

     Wait, there will be an abundance of  supply  when all these speculators burn their  hands  and get bed-ridden. When is that day?  Are you  there at the time?