Two major residential segments of Mumbai’s real estate.

Luxury-residential-properties-Mumbai

Affordable housing and luxury housing are two main residential segments in Mumbai’s real estate market. By the end of year 2015, luxury housing segment saw slightly sluggish growth because of significant oversupply. However, this segment is expected to improve. For example, investments from NRIs are expected to increase in Mumbai in subsequent years. “With easier laws for investment and repatriation, India offers a good opportunity for real estate investment to NRIs”, says Sunil Chopra, founder of Spacio Realtors LLP.

Mumbai affordable housing segment not only performed better in 2015, but is expected to do well in years to come. One of the reasons is the push that the government’s ‘Housing for All by 2022’ initiative is likely to provide. Other reason is that first home buyers especially under the age of 35 years have limited needs and budgets and so they look for 1 or 2BHKs under $61,000. As per Wikipedia, 65% of India’s population is under 35 and that explains why affordable housing demand is expected to rise in years to come.

Indian #residential #realestate did not perform as expected in 2015 https://t.co/Wjr8EKvmIQ @KnightFrank_IN @KailashBabarET

— Spacio Realtors (@SpacioRealtors) February 5, 2016

Spacio Realtors has a dedicated NRI Desk to provide real estate investment advisory services and offers complete package of services relating to real estate investments. The real estate consultancy firm has in-house expertise to answer special needs of NRI investors including legal, taxation and other regulatory compliance.