Certain suburbs or uptown South Mumbai has always been a premium area in terms of real estate. Even during normal price times, the areas like Colaba, Fort, Nariman Point or also areas like Parle or Juhu scheme has been coming with a premium price tag. The real estate agents in Mumbai are extremely good at their market approach and also have a keen acumen in judging rates of apartments. Affluent and also the NRI section usually look into premium properties or like to invest in resorts near mumbai.

Most of premium properties are also occupied by celebrities and budding film stars. The locality hence escalates the price tags and also there is a lot of opportunity for super markets and other home necessities. The buyers are usually people in the higher section of the society and also the ones who crave for privacy. Usually celebrities in the film section, sports or industrialists are bogged down by public and want to have a quiet life away from such kind of attention. The area is hence a premium lot and not easily available for common boarding.

Another upcoming premium sector is Navi Mumbai and Vashi which has really made Mumbai special. The railway stations like Juhi Nagar and reliable roads are another advantage. Other suburbs have also improved like Goregaon West owing to the celebrity status and also malls and shopping complexes. The builders in this area are also experts in providing premium properties with amenities.

Developers also are looking at waste lands and dumping grounds. There are major re development projects lined up to change the look of the city. Skyscrapers and towers along with corporate establishments in suburbs are making erstwhile commoners dwelling into premium property sectors. Reduction in loan rates from banks is another reprieve for people who want to own homes in selective areas.

The budget response is also a major yardstick that will relate to future projects in real estate. This is also important as it gives employment to many in the under skilled area. NRI’s often look for these areas to secure a home and a holiday vacation house in Mumbai to fulfill their luxury needs at home.