Mumbai Real Estate - An Overlook
There is no doubt now that between 2016 and 2017, Mumbai's complex real estate landscape has undergone a metamorphosis. This transformation consists in large part of the consequences of close to a decade of unorganized growth, unsystematic business practices, the influx of many low-quality 'developers' and the final tapering off, of increase in real estate prices.
The key challenge for real estate developers in Mumbai, despite the desire of a lot of stakeholders to blame developers exclusively, is the broken nature of our permitting system. Myriad departments, opaque land laws, constantly changing regulations and dramatically increasing governmental premia have all led to a fundamentally unpredictable underlying business model for real estate development in Mumbai.
How Sion Got into the Game
Geography is one of the primary factors responsible for Sion’s astronomic real estate prices for new projects in Mumbai. High investor activity always plays a big role in driving up real estate prices, and non-resident Indian investors comprise a significant chunk of residential real estate buyers in Mumbai, since it offers better returns for property investment when compared to cities in their countries of residence. Another reason for high demand from NRIs for a property in Sion is the fact that Mumbai, as a global city, offers luxury apartments in Sion that can match what they have grown accustomed to in developed countries. Inhabitants of the city's far suburbs would contest for flats in Sion.
The announcement of the Sion-BKC Link, the construction of the road and bridge over Mithi River is set to commence in a few weeks, this will benefit the residents of Wadala, Chembur and Sion. So, if you are looking for a home, a 3 and 4 BHK flats in Sion, then this is the right time to take a step forward. Just few years and Sion will have our major infrastructure projects that are ready and rocking, which would mean most of our Metros, Trans Harbour Link, Goregaon Mulund Link Road, Ghansoli Ghatkopar Sea Link which is also going to connect Dombivali ahead etc. will all be ready.
( Also read about : The Right Time To Buy A Dream Home At Sion )
Find your Dream Home with the MICL Group
MICL Group is one of the pioneering real estate developers in Mumbai. Our legacy dates to 50 years+ in the field of construction that began with our parent company, Man Infraconstruction Ltd. Our “Signature Sion Project” features a blend of modern amenities that are most sought after in the heart of Eastern Mumbai in Sion. In these luxury apartments in Sion, you can now fulfill your desire of having a home here at a prominent locality. With the finest craftsmanship in these 3BHKs in Sion, you need not compromise on your needs; and all of this at a satisfactory price.
Aaradhya Signature is laden with thoughtful amenities to live in style and comfort. It has a kid’s play area, gymnasium, swimming pool, reflexology path and many other rejuvenating amenities at hand.
It also possesses 4BHK duplexes that are designed to give you a unique experience. You can choose these homes if you have a bigger family. It is now ready for fit outs & its OC expected soon, that makes buying this ready property very beneficial.