Residential property market of Mumbai is in the Active Mode from the last two years. A very big part of this activity comes from upper middle & rich class, despite the fact that luxury segment which has limited supply continues to magnetize investors. Main properties of South Mumbai, Panvel, Parel and Bandra have been experiencing excellent price appreciations. To satisfy continuing demand, many big names in the real estate launching many residential projects in these areas.
With growing demand of Commercial and Residential developments together, Builders are now heading for mixed use developments & townships with schools, hospitals, commercial spaces and malls as an integral part of the development. Because of the high population & congestions, many affluent class people want to go higher from the ground with high rise developments. A lot of such deluxe residential projects have started increasing all over the city, and Mumbai has little by little begun to change into a well developed & world class city.