Thursday 2 February 2012

Rise in High-Rises in Mumbai

Mumbai, the Mecca of real estate in India, is undergoing a massive construction boom. With hundreds of skyscrapers being built around the city the eternal search for clouds still goes on. The choice of whether to go vertical or horizontal always comes up before the property developer.

The preferred choice of developers these days is to go vertical than to go horizontal as by going vertical they get enough land space to set amenities and do landscaping. The more the greenery and number of amenities the easier it becomes for a developer to promote its project on this USP. The demand for open spaces by the people who have lived a major portion of their lives in apartments keeps on rising. Better view, better ventilation and better environment with less pollution are also some of the reasons why people prefer the high-rises.

Far away from the hustle-bustle going on the ground, living in a high rise amongst the company of clouds with peace and solitude is increasingly becoming a craze among city dwellers. Growing urbanisation and changing lifestyle preferences are also some of the main reasons for people showing interest in high-rise buildings. Amongst these people 50% are NRIs, mostly from West Asia. The price you have to pay to stay away from the ground commotion, pollution and start living in sunlight rich apartments is an additional Rs50 per sq. ft. for every floor rise usually.

Location, proximity to work and schools and availability of social infrastructure are the key factors that come into play for many locals while selecting a high-rise. Other amenities come as icing on the cake.

Visit www.snapghar.com to get exciting deals on a number of high-rises.

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