Mumbai's Real Estate Through The Years

Mumbai's Real Estate Through The Years

Mumbai’s real estate sector has always been one of the most diverse, advanced and thriving ones in the country. In the 72 years of independence, the landscape of Mumbai has steadily evolved with its forward-looking real estate projects. In fact, the Mumbai Metropolitan Region (MMR) has often set the benchmark for India’s real estate development.

The Maharashtra Regional and Town Planning Act in 1966 is recognized as the first among Mumbai’s real estate milestones in independent India. The Act was the first to incorporate the practice of town planning and other development plans for the region. In 1969, the Planning Commission issued its first set of guidelines for district planning in the area.

The planning and architecture exhibited across Mumbai’s real estate offerings have been synonymous with elegance, efficiency and sustainability. Today, Mumbai’s real estate is among the costliest in the world, but it also appreciates exponentially with every passing year. Despite the prices, the demand for property continues to be very high, especially in the upper end of the market. According to the data made available by the Department of Industrial Policy and Promotion, the foreign capital in Mumbai’s housing sector shot up from Rs. 171 crore in 2006 to Rs. 14, 027 crores in 2010, right after Foreign Direct Investment opened up to the real estate sector in India. This confirms the high demand for housing in Mumbai.

Purchasing property in Mumbai has always been considered a foolproof investment move. The real estate builders and developers in the city have played an instrumental role in shaping up Mumbai’s landscape, both aesthetically and economically. Among the prominent builders in Mumbai, Vaibhavlaxmi Developers is a name to reckon with. Established in 1997, Vaibhavlaxmi Builders and Developers offer a rich legacy with a commitment to excellence. Their portfolio of projects is diverse and impressive, consisting of artistic homes, elegant apartments, and futuristic commercial complexes. A brand name that you can trust, the philosophy that drives Vaibhavlaxmi Developers is quality, reliability, integrity, on-time delivery, and after-sales customer service.

Vaibhavlaxmi’s landmark residential and commercial projects are meticulously designed spaces that make the best use of modern construction techniques and innovation. Vaibhavlaxmi Builders and Developer's underlining philosophy is to deliver projects of high quality, on time, with impeccable safety standards, at affordable prices. Their mission is to achieve flexibility in order to keep pace with Mumbai’s ever-changing market.

Whatever your preference, Vaibhavlaxmi has a project for you. Take a look at the extensive portfolio of Vaibhavlaxmi Builders and Developers - the top real estate developer in Mumbai.

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