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Market in Mumbai: Real Estate Investment in Mumbai, India

Written By: Jacquelyn Annete García Vadnais

Recently, real estate investors have been looking to find the next hit market to diversify their portfolios. One area where they have been exploring is developed cities in emerging markets. One such example of a country that has experienced economic success is India. Mumbai is a good example of a city with a high quality of life, but also real estate values that are increasing both for current owners and prospective global investors alike. If you are looking to diversify your investment portfolio in unique developing markets, consider the information below about investing in real estate in Mumbai, India:

History of India
India is a country with a very unique, established, and diverse history. India’s history goes all the way back to the beginning of human civilization. India’s beginnings stem from a culture that existed along the Indus River, and farming communities in the Southern areas of India. India is well known for its indigenous religious, cultural, intellectual, and scholarly heritage. India also has a history of external conflict, and colonialism. In 326 BC Alexander the Great invaded India after crossing the Indus river. The Central Asian Mughal Empire ruled India from 1526 to 1857, and the British Colonial Empire ruled India from the years of 1858 to 1947. These incursions also add to what we consider to be India’s cultural heritage today. Today, India, and Mumbai especially, is known for its fascinating mix of cultures. Modern day Mumbai is home to a diverse array of mosques, churches, synagogues, temples, architectural marvels, world class dining, and entertainment, and opportunities for commerce.

Top Benefits of Investing in Real Estate in Mumbai, India

Below are the top benefits of investing in real estate in Mumbai for prospective investors to consider:
Infrastructure

One of the most important attributes of Mumbai is its infrastructure. If one were to compare Mumbai and Delhi, the improvement is substantial. For example, Mumbai has a more developed sewer system, highways, and public transportation. These benefits will greatly be an asset to not only the quality of life in Mumbai, but also the future rise of property values.

Diverse Real Estate Investment Opportunities

India has an extremely large population. The reason why this is a factor in real estate investment is that there is a continuous demand by the millennial generation that has grown up and is now looking to live on their own. One unique real estate investment in India is the co-living solution idea. Co-living solutions are ideal for millennials aged 18-35 that cannot necessarily afford their own apartment, but that need to move to the big city for employment opportunities. Since India is one of the major players in the tech space now as well as for multinational companies that outsource various services, there are many employment opportunities in larger cities that individuals relocating from rural areas cannot afford to relocated to. Co-living real estate projects have the potential to have rental yields of at least 8% for investors.

Strategic Location

Mumbai is centrally located, on the waterways, and land routes between the East and West. This makes Mumbai a natural hub for international commerce that has already attracted many multinational companies. Real estate investors will have an endless array of tourists, and working professionals that can rent their properties in Mumbai. This is why Mumbai is a good choice for real estate investment in both the short and long-term.

English Language Proficiency

In India, there at least 100 million English speaking people. The level of English high in India largely as British colonial rule was less than one-hundred years ago. This is a substantial advantage for multinational companies, which is why they have outsourced many of their operations there. India’s high level of English benefits investors when they are conducting business transactions, but also, the rental market where they will have expats looking for housing in Mumbai for their global employment opportunities.

Unique Culture

Mumbai is a unique fusion of cultures from India. There are exotic restaurants, enjoyable nightlife, cultural performances, and much more to enjoy in Mumbai. Mumbai also is within close flying distance to well-known world monuments and resorts. This is why an investment property in Mumbai is worth considering for real estate investors to enjoy having a physical presence in one of the most dynamic, and fascinating regions in the world.

Final Remarks

Investing in real estate in Mumbai, India is an excellent strategic choice for real estate investors. Due to India’s high English level, many multinational companies have decided to outsource various sectors of their operations there. This is particularly true for the IT sector; which India has become a worldwide leader in. In terms of culture, India has roots to one of the oldest civilizations on Earth, which makes it a wonderful country to explore. For the emerging millennial workforce in India, co-living is going to bring many different backgrounds to Mumbai to further develop the workforce. In the coming years, India’s real estate prices will continue to increase due to the increase in commerce conducted in key cities such as Mumbai. It is highly recommended for real estate investors to consider investment in the Mumbai market to make substantial returns as it develops in the coming years.
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Jacquelyn Annete Garcia Vadnais is an Investment Consultant and field expert blogger for Barracuda Consulting.

Jacquelyn has a JD/ MBA from Suffolk University, an LL.M in International Law from the University of Miami, and a B.A. from the George Washington University in International Affairs with a Concentration in International Politics. Jacquelyn speaks English, Spanish, French, and Portuguese and has lived in ten countries. Jacquelyn has done work for firms such as Boston Consulting Group and has worked with firms based in over ten countries in the fields of Real Estate, International Law, Expat Living, International Business, Forex Trading, and Travel. She has also volunteered her time and expertise at the Victims Rights Law Center based in Boston, MA.

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