Named after the local goddess Mumba, the city of Mumbai is located just off the west coast of the state of Maharashtra. Built on a long, thin island, it is linked to the mainland by causeways.

Action is visible in all segments of the real estate in India’s financial capital. Within the city, locations like Andheri (E), Goregoan, Jogeshwari, Powai, Mudh Isalnd, Mulund and Thane have evolved as middle class residential pockets while luxury apartment projects are centered in the central suburban areas of Bandra and Khar.

The commercial segment is likely to see an explosive growth in the near future with the selling of many hectares of mill lands in central Mumbai. Country’s biggest SEZ is coming up in Navi Mumbai which will further intensify the commercial real estate development in the city. Navi Mumbai incidentally has also come up as a major destination for IT/ITES companies.

Action is also in full swing in retail real estate as 27 malls are being constructed in the city presently.

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