Overtaking China, India became the world’s fastest growing major economy in 2018 and will continue to remain so even in 2019, 2020. A consistently growing, stable and dependable economy, arguably, makes India one of the world’s favorite investment destinations.
India has overtaken France to become the sixth largest economy.
The rapid urbanization offers significant opportunities for real estate in Indian cities with rise in demand for commercial and residential spaces. Real estate is expected to contribute approx,13% of India’s GDP by 2025.
When it comes to buying a real estate property in India, you can be rest assured that your money is safe in Mumbai as prices are more stable and it is akin to investing in a blue chip company. Mega infrastructure projects like Mumbai Trans harbour link, the Navi Mumbai International Airport, Metro and CSMT-Panvel fast lane railway linkages along with expressways, freeways and waterways will enhance the connectivity in the city and result in the city gaining in terms of attractiveness to investors.
The Mumbai Metropolitan Region is the largest real estate market in India compared to other key regions and is larger than Bengaluru and NCR combined. Mumbai & Navi Mumbai has one of the highest commercial rental yields in the world. Among 34 global cities rated by Knight Frank in their Global Cities 2018 Report, Mumbai ranks third – ahead of global financial hubs like Singapore, Hong Kong, New York, London and Beijing. In other words, buying a home in Mumbai & Navi Mumbai might well be your best investment decision.
Mumbai is the financial hub of the country, generating approximately 5% of India’s total GDP and accounting for approximately 30% of total FDI inflows in India. 26 of the 58 Indian companies to feature on the Fortune 2000 list for 2018 are headquartered in Mumbai. 11 of the 22 banks to feature on the list have their head office/corporate office in Mumbai.