1. Second most populous metro city of India 2. Wealthiest city with highest number of millionaires and billionaires 3. Known as financial, commercial and entertainment capital of India 4. One of the most expensive real estate markets
Under Construction: 26
Ready for possession: 3
Mumbai-The financial capital of India is the most populous city with an estimated population of 12.4 million as of 2011. In 2008, Mumbai was named an alpha world city. It is also the wealthiest city in India and has the highest number of millionaires and billionaires among all cities in India.
The city of dreams contributes to over six percent of India’s gross domestic product (GDP). Mumbai is home to the film industry, Bollywood and thus property here is highly expensive. Many NRIs and HNIs invest in this city to get good ROI.
Major sectors which are the driving factor of the city’s economy are finance, gems and jewellery, leather processing, IT and ITES, textiles, and entertainment. Nariman Point and Bandra Kurla Complex (BKC) are Mumbai's major financial centers. The headquarters of major Indian companies such as the Tata group, Essel group, and reliance industries are in Mumbai. Bandra-Kurla complex, city’s central business district includes many top banks and financial companies like Standard Chartered Bank, Morgan Stanley, Deutsche Bank, Citi group, JP Morgan, ICICI, and Citigroup.
Well-developed, rapid growing infrastructure as well as a world-class commercial and residential real estate has attracted many people to invest in the property market of Mumbai. One of the costliest real estate markets in the world, Mumbai houses some of the most high-priced and swankiest residential properties in the world.