Then and Now: How real estate in Mumbai has changed over the years

Mumbai, the city of dreams is always flooded with people searching for homes. With such ever-increasing demand, the prices of the real estate have always been so high. Mumbai aims to have a mature real estate market which grows every year to provide houses to various people who come to this city for numerous reasons. The city contributes to 6% GDP of the entire nation and there has been some tremendous change in the real estate market of the city. Ever since Mumbai has had the strong grasp in the Indian market the real estate has always grown and there are increased transparencies which makes it easy and comfortable for potential investors to invest in real estate in Mumbai.

If we look at what real estate was in 2012- 13, the markets performed beyond expectations but people were not convinced to invest. There was a lack of trust, lack of understanding and also less awareness. Today, with players like Lodha ORM founded by Mangal Prabhat Lodha and others as well, there has been a significant level of trust, understanding, awareness in the market and people also get the value for their money. The question that where is my money going never bugs the investors now. All thanks to Mangal Prabhat Lodha for creating a real estate giant like that which makes it possible for people to withhold the trust and understand the value of their investments.

Mumbai has always been a city that encourages growth and there has been some amazing growth in the real estate market because there are developed, technically and ecologically advanced practices that these real estate owners use to build new homes and offices for the use of common people as well.

So, it can be easily concluded and said that the new and evolved market is aiming to target people of all age groups, with all backgrounds and financial capabilities at their disposal. Lodha as a real estate giant in Mumbai aims to bridge the big gap that is there between the people who reside in the city of dreams so that better equality can be maintained along with all the best in class facilities. The real estate industry in Mumbai is at the stage of boom because people are satisfied and they are sure that they will be served even better in near future.