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The real estate market has seen a lot of upset since the past few years. The real estate scene in Mumbai is becoming one of the best in the country. Mumbai is the forerunner to cause changes in the real estate market all around the country. Ever since the COVID-19 lockdown every real estate company in Mumbai has speculated a comeback. This is good news in a long time to grace every real estate company in Mumbai. The developers who are witnessing the change are more likely to ride the success wave. Is the real estate market going to make a comeback after the COVID-19 lockdown?

If you were to believe economists the big comeback for the real estate market was set in the year 2020 but it all changed with the COVID-19 attack. Since the pandemic hit the coast of India every developer was nervous about suffering greatly due to another slowdown. But the lockdown has been good for real estate as it is teaching bringing in people from the rental markets who have understood the importance of owning their own house. The residential property in Goregaon prices even before lockdown had seen some dips but was fairly stable. The suburbs of Mumbai are performing extremely well during this revival of the market as it can be noticed by affordable luxury homes in Mumbai. The prices and demands are expected to start growing after the COVID-19 lockdown ends.

Every market has seen a massive slowdown during the pandemic and the real estate market in Mumbai is no different. The affordable luxury homes in Goregaon that were projected to be sold off this year have not been possible mainly because people were not allowed to step out. The move was put in place by the government to stop the spread of the disease but it is also why the economy took a hit. However, the real estate market might have flinched too hard because they weren’t as heavily hit. Once the lockdown ends the real estate market is expected to build its momentum slowly but the market is expected to grow consistently without upsets.

Due to the pandemic, the prices of residential property in Goregaon have either fallen or stayed stable. The prices of affordable luxury homes in Goregaon are set to rise to make them less affordable soon after the lockdown if economists are to be believed. If you are an investor now would be a good time to invest in residential property in Goregaon so that you get maximum return on investment once the market starts witnessing an upward trend. If you invest in affordable luxury homes in Goregaon now you could expect your investment to grow along with the market growth.

Like we stated above the pandemic has opened the eyes of people who used to live in rental homes and they now understand the security of owning a house. Living on rent is also cumbersome when you are living on reduced pay or dwindling savings. People due to this pandemic are looking into finally stepping up and buying affordable luxury homes in Goregaon. People have been looking up residential property in Goregaon and have been trying to get in contact with Real Estate Companies in Mumbai to get more insight into buying the flat they are making.

The government was offering heavy tax rebates starting this year to help the real estate market gain back the traction. The seeds that were laid by the government in previous years are slowly starting to bear fruits. The younger generation is drawn towards ownership rather than renting living space.

Given all the signs the prices of real estate could see a steady increase in them after the lockdown.

With the rise in usage of digital space, every industry is witnessing a revolution in the status quo of their operations and the real estate industry is no different. The fact that you could find your next dream home by using a website of a real estate company in Mumbai is only the surface of what is possible now. The amount of items you can buy without leaving the comfort of your home is appealing to people, which is making the number of people using the internet growing every day. Finding an affordable luxury home in Goregaon from the comfort of your home is the future and the future is now. There have been changes in trends in the digital space as well for you and the real estate market to adapt to. Like the digital age is the future for business Goregaon is the future for real estate. Goregaon is one of the most prominent micro markets for real estate in Mumbai. Developers in Mumbai know the importance of listing their residential property in Goregaon and other places online. This article looks into emerging trends in the real estate market in the digital space.

1. Creation of virtual real estate market.

Some studies show an increase in the number of people that use the internet to find a residential property in Goregaon and other locations around the city which makes it one of the biggest threats to every real estate company in Mumbai. Around 90% of new home buyers looked for an apartment online before visiting the property. The Internet makes it easier for homebuyers to do research about a property and collect all the information needed before a site visit. It also helps investors discover upcoming properties in Thane, gather information about the real estate company in Mumbai they plan on buying the property from, understand the residential property in Goregaon or other parts of the city, learn about the appreciation rates, and gather project-specific information. It also allows people who are not native to a location like Goregaon, like NRIs or people residing in other states to learn about the property before they physically visit.

2. The use of virtual reality will increase.

Virtual reality or VR technology has improved leaps and bounds in the recent decade and an increasing number of businesses are now investing in the technology to make it a part of their business and one such industry is the real estate business. VR initially was used by the gaming industry but real estate Companies in Mumbai soon realized its potential and started to for home tours. Most companies that are already on the internet offer virtual tours of the residential property in Goregaon and other locations. With an on-going pandemic present around the world, any consumer would benefit greatly from using alternative methods to look for affordable luxury homes in Goregaon rather than being there physically. The use of VR is already set to become a staple in the real estate market because of the convenience it brings along with it.

3. The use of social media to find buyers quicker.

We live in a world where you can learn more about a person on social media rather than talking with them. Of all the things you should be scared about online space, some advertisement that could help you find a home is the least of your concerns. Every real estate company in Mumbai can now use social media to target advertisements to people who are in search of a house. Rather than consumers coming to check real estate properties in Goregaon, real estate properties in Goregaon can now be shown to people who are looking for affordable luxury homes in Goregaon.

4. Quicker replies to queries by people interested to buy property from you.

Every real estate company in Mumbai can now benefit from quick responses to basic queries with the help of chatbots. This feature is quickly being adopted by every other real estate company in Mumbai leveraging the fast turn-around time and round-the-clock availability of chatbots on their websites. The consumers can easily learn more about a property by chatting with chatbots that could provide the consumers with basic information about the affordable luxury homes in Goregaon or any other place. The usage of chatbots is only going to make the process a lot easier than the process being used now by the company.

There are many more trends that are being followed by the real estate market and should look forward to more digital trends to be actively integrated into the real estate market and marketing strategies used by them. The digital space is the biggest blessing to the real estate market that every real estate company in Mumbai and around the country should take advantage of before it gets too competitive.

For a city like Mumbai that has a booming real estate market, you would be surprised to learn that just owning a flat in Mumbai is not enough. With the migrant population on the rise, suburbs of Mumbai like Goregaon are fulfilling the demand for 1 BHK apartment in Goregaon and 2 BHK apartments in Goregaon. Many people are investing in real estate in the suburbs of Mumbai and one of the popular destinations where people are flocking to invest their money in is Goregaon. Goregaon is a suburb of Mumbai located towards the north of the city. There are many affordable luxury homes in Goregaon either under construction or ready to move in, making it a safe bet for investors and first time home buyers alike. So what makes a location more desirable and why does location dictate the price of the property that you are going to purchase?

1. Connectivity.

Goregaon is located between Andheri and Borivali which are the 2 most important locations in Mumbai. Goregaon is well connected by road to Mumbai via the western express highway, S.V Road, and link road. People who live in Goregaon have easy access to the international airport of Mumbai. The upcoming metro is further going to make travelling easier to the destination. Goregaon is also a hub for trains coming from the harbour line. This makes the demand for the residential property in Goregaon go up and when there is high demand there is also a rise in prices. A well-connected locality is always in high demand in the middle-class sphere. The higher demand has prompted the start of the construction of luxury residential projects in Goregaon. The location is in the goldilocks zone where you get affordable luxury homes in Goregaon while also not struggling to travel to the home you just bought.

2. Big companies.

Another reason behind the success of any location is the type of real estate market it enjoys, like Goregaon, which is a hybrid market that has both commercial and residential properties in its borders. The presence of a huge MNC in Goregaon also gives it the appeal it has with investors. Companies such as IBM, Abbott, and AEGON Religare Life Insurance have set up their offices in Goregaon. The employees of these MNCs prefer to hunt their new house close to the workplace because it cuts the travel time drastically; in this case, it is Goregaon. The employees of these companies are creating demand driving the construction of luxury residential projects in Goregaon to fulfil their demands. The demand for affordable luxury homes in Goregaon has increased a lot since Goregaon became home for these MNCs.

3. Return on investment.

A high rate of returns is the dream for any investor and the rate of return that an investor gets is heavily dependent on the locality they invest their money in. Goregaon is still in adolescence when it comes to the real estate market. The demand for luxury residential projects in Goregaon has grown exponentially making the market lucrative. Investing in affordable luxury homes in Goregaon now would yield some of the best results for the investors. And investors have taken a notice of it which is further driving the demand up for flats in Goregaon. Investors have seen an 8% increase in the prices of residential property in Goregaon in recent years. Despite the poor economy, the amount of growth Goregaon is showing is astonishing. All this is possible because of the right location.

4. Goregaon has a booming real estate market.

A good real estate market with constant development creates a positive feedback loop making the prices of property go up which in turn warrant even more development. Goregaon is getting attention because of its sound infrastructure and comparatively affordable property prices, encouraging developers to launch new apartments here. There are around 169 projects in the locality, of which 112 are ready to move in and 45 are under construction. People looking to take advantage of the situation and get their money invested in luxury residential projects in Goregaon where they are guaranteed to see growth in their investments.

5. Novelties.

Another reason why locality dictates the price of a property is because of the novelty it brings along with it. For example, Goregaon is not just a jungle of buildings but also has many other features. There are parks and other social spaces that you could visit if you buy a residential property in Goregaon. Goregaon also has one of the most famous shopping malls in all of Mumbai that people visit frequently. Other than that Goregaon has plenty of reputed schools and hospitals. Having these amenities also have a major effect on the prices of the property.

Using Goregaon as an example you can understand why locality is important for real estate prices.

For anyone buying a home, they know the importance a location plays in the decision of buying a property. If you work in the city, the first choice for you to buy a house would be near to the work, but in many cities, it’s not possible due to very high property prices. So if you work in the maximum city of Mumbai, Goregaon should be the destination that helps you solve that problem. Every real estate company in Mumbai has taken notice and has come up with many luxury residential projects in Goregaon. But what is driving people to purchase residential property in Goregaon making it grow at unprecedented speed? Let us have a look.

The travel from Goregaon to Mumbai is very easy. Goregaon is well connected to Mumbai through the western express highway and the railway station is a hub through which both western and central lines run through. Having both central and western lines run through your station means you are very well connected to most of Mumbai. If you buy a house in Mumbai you wouldn’t get the all-round experience you would get when you buy a residential property in Goregaon.

You don’t need to worry about electricity when you buy a home in luxury residential projects in Goregaon but one thing you would need to worry about is irregular water supply. You would be happy to learn that Goregaon gets 24-hour water supply from the municipality and even the water issues are a thing of a past. Water is a basic necessity for every human to survive and the municipality in Mumbai supplies Goregaon with abundant water to have a 24-hour water supply. Buying a residential property in Goregaon guarantees that you have the basic amenities available to you to make the home-owning experience bliss.

Even the safety Goregaon offers is unparalleled. Goregaon is not just safe but it is also an upmarket location. Some luxury residential projects in Goregaon are the biggest reason behind Goregaon being an upmarket location. The construction of luxury residential projects in Mumbai is increasing because many influential people are moving towards the location. These new projects have changed the face of Goregaon and have made the locality become one of the poshest destinations in the city. Even the quality of the road that the location has to offer is of high quality with no potholes. Owning a Residential property in Goregaon is a dream come true.

Other than basic amenities you could expect a quality lifestyle by various other amenities offered in Goregaon. Goregaon houses some of the best hospitals in the city and has plenty of reputed schools where your child could gain an education. Goregaon also has malls that house various global brands and other social spots where people could go and socialize. Owning residential property in Goregaon will also help you have one of the most happening nightlife that the city has to offer. The locality also has plenty of eateries on offer that makes the home-owning experience better.

The good qualities just keep on going as the place is affordable by most. Luxury residential projects in Goregaon cost significantly less when you compare it to the rest of the city. Property prices in Goregaon are as low as it will get in the city. For the price, you pay you to get the full experience of living in the city and much more. The price you would pay for a luxury residential property in Thane is significantly lower than property prices in other posh areas of the city.

All these reasons have made Goregaon an attractive place for people around Mumbai to buy a house.

If you are looking for a real estate company in Mumbai that allows you to invest your money in luxury residential projects in Goregaon, look no further. IM Buildcon is stepping up to become the biggest real estate company in Mumbai. IM Buildcon has many luxury residential projects in Goregaon which is a reputed locality in the city. Real estate companies in Mumbai have recognized IM Buildcon as one of the forerunners in the real estate business. IM Buildcon is making waves of change in the real estate market and accelerating the evolution of it. IM Buildcon has more luxury residential projects in Goregaon in the making and nothing is going to stop this real estate company in Mumbai.

Owning a luxury home has become a status symbol as a result the demand for it has seen an increase. The days when you could flaunt your small house are gone now people are not impressed if your house is not luxurious. People are increasingly looking for luxury houses and with the increase in the number of people who have high net worth the real estate market has changed in India drastically to accommodate this new demographic and the effects of the change can be witnessed in Mumbai as well. There are plenty of luxury residential projects in Goregaon that are under construction making Goregaon a premier location for affordable luxury homes in Goregaon.

India has also seen an increase in the NRI population and as result living habits are changing drastically too. Non-Resident Indians (NRIs) are now used to a certain standard of living that is normal in foreign nations. When they are back in India they look for those amenities in their home here. NRIs invest a lot in the real estate market in India and they usually buy from these luxury sectors. Luxury residential projects in Goregaon have garnered interest by the NRIs now. IM Buildcon understands this and caters to them by constructing luxury residential projects in Goregaon.

For anything to be luxurious, the brand is important and real estate is no different. IM Buildcon is not just a real estate company in Mumbai but it is also a brand that helps you get the complete feeling of luxury. You can see a rise in the construction of themed villas and themed flats which is a staple in the luxury sector. Even new buyers in the luxury sector are looking for themed housing. Themed housing is one of the best ways to own a dream home that you always dreamt of. These houses are built around a theme that helps the house be as close to the dream house one dreams of as possible. Luxury Residential projects in Goregaon are changing the way developers used to develop projects due to the change in the market.

Smart homes are also becoming increasingly popular among home buyers as it just increases the quality of living. Smart homes also will see incredible growth in the market owing to the technological advancements and new technologies being introduced every day. Smart homes provide security and peace of mind that one so badly wants. The demand for luxury property ever-increasing luxury properties is also attracting people from the middle-income group. Real estate developers in Mumbai are aware of the demands and are working to meet the demands of the consumers. The growth in the Indian economy has led to an increase in such niche demands. And IM Buildcon, a real estate company in Mumbai, is ready to step up to the challenge.

IM Buildcon has been developing luxury residential projects in Goregaon and you could experience the luxury as well.

Buying a home and becoming a homeowner is a life goal everyone has. The problem is, to fulfill the dream you would have to throw away a lot of money to buy a home. The prices of residential property in Goregaon and other suburbs is one of the biggest reasons the rental industry is so prevalent in Mumbai. The argument against buying is strong but people are now understanding why buying is more beneficial in the long run. If you are still confused about whether you should buy an affordable luxury home in Goregaon or rent a residential property in Goregaon; read on.

Buying a house is not an easy decision by any stretch of the imagination. People buy affordable luxury homes in Goregaon because of the sense of security they get along with it. Other than a sense of security of owning the apartment you also get a sense of pride. When you rent a residential property in Goregaon you are paying for something that you don’t own and doesn’t create an asset for you. You might argue even if you were to buy the house and pay EMI you are paying to say like when you are renting. However, paying EMI increases your proportion of ownership of the house while also giving you a month of shelter. You are creating a physical asset when you pay the EMI for the house.

When you rent a residential property in Goregaon you don’t have a permanent place where you can stay and are always on the move. When you consider the amount you spend on packers and movers every year the EMI seems to be the cheaper option. Not only moving but the deposit that you pay and everything else about renting makes it a lot more expensive. The money that you are paying as rent isn’t an asset that will get you more money later but the money is all lost with nothing to back it up. When the time comes for you to move you can sell the house for a massive profit. Buying gives you a big boost in money once you own the property and gives you a proper place for you to settle down rather than being a nomad.

If you are renting a residential property in Goregaon you are just paying to stay under the roof and getting nothing in return. You don’t truly own the property for the duration you are staying there. This means you cannot make changes to the house that you are living in. you cannot make the house feel yours. Additionally, you can even see an increase in your monthly rent with short notice. You spend all that money which is just money spent on nothing. If you have a landlord who has kept it old-fashioned in the house you will be stuck with that decoration, unfortunately, giving your house an out-dated appearance. You don’t even get to improve your credit score while paying rent. This makes buying affordable luxury homes in Goregaon an even more lucrative option.

However, the problem with buying is you cannot get up and leave. If you don’t like the neighbours or the locality you are stuck there. Becoming bored with where you live is a real phenomenon and in that case, you are truly stuck. The more money you spend the harder it will be for you to give it up, like if you bought a luxury apartment made by real estate builders in Goregaon it would be harder for you to just get up and leave compared to a normal house. You would also be paying huge sums of money as the down payment for the house which will hurt your bank account a lot.

Now you know the facts behind renting and buying and whether you should Buy affordable luxury homes in Goregaon or rent a residential property in Goregaon is for you to decide now.

Buying a home is so much more than just paying for bricks and mortar that provide shelter over your head. A residential property in Goregaon would give you the perfect place for you to enjoy your home-owning experience to the fullest. Every real estate company in Mumbai has a project in Goregaon being made and this would tell you the importance that the suburb has for the city and the residents. This is proven by many affordable luxury homes in Goregaon that are appearing at an increased rate. Let us explain to you why you should invest money with real estate builders in Goregaon.

Goregaon has a very good connection to the whole city via roads and railways. It is well connected to Mumbai through the western express highway and the railway station is a hub through which both western and central lines run through it. It also has many bus services running from the bus depot in Goregaon whose services reach every part of the city. Having both central and western lines run through your station means you are very well connected to most of Mumbai. If you buy a residential property in Goregaon you would get some of the best connectivity that many other suburbs fail to provide to its inhabitants.

You don’t need to worry about basic amenities such as electricity and water supply if you decide to buy an affordable luxury home in Goregaon. There are many localities, especially where new residential projects made by real estate builders in Goregaon are showing up that have 24 hour supply of water by the government. Water is a basic right for every human but supplying to the huge population could be a challenge because of which you could see the government giving water for a limited amount of time. Having clean water on demand is one of the biggest reasons behind Goregaon’s popularity. Where you buy a residential property in Goregaon would bring you a step closer to obtaining necessities to live.

Safety is another reason why people should choose to buy a residential property in Goregaon. Goregaon allows you to live a lavish lifestyle while being safe. Affordable Luxury homes in Goregaon are in high demand because of the suburb becoming home to MNCs and the film industry. To keep up with the demand every real estate company in Mumbai is making a project in Goregaon which is making the suburb even more planned and beautiful. The suburb also has some of the best roads in the city. Residential property in Goregaon could be the dream home you were looking for.

Amenities don’t end at basic amenities like electricity and water you should also pay attention to the secondary amenities like a market and a hospital. Luckily for you, Goregaon has some of the best hospitals in the city and malls as well. Owning residential property in Goregaon will also help you have one of the most happening nightlife that the city has to offer. The locality also has plenty of eateries on offer that makes the home-owning experience better.

Luckily affordable luxury homes in Goregaon cost significantly lower than anywhere around the city. You would give up the amenities that Goregaon has to offer if you go further north. Property prices in Goregaon are way cheaper when you consider the amenities you get for the money. For the price, you pay you to get the full experience of living in the city and much more. The price you would pay for an affordable luxury home in Goregaon is significantly lower than property prices in other posh areas of the city.

All these reasons have made Goregaon an attractive place for people around Mumbai to buy a house.

Real estate in India has seen a drastic change in the way it functions in recent years. Metros in India have changed the way and introduced real estate trends that are being followed around the country now. Every Real estate company in Mumbai has started to notice the wave of real estate change and are arming themselves to change with the wave. Real estate builders in Goregaon and other suburbs have noticed changes in the market with new laws coming into place for upcoming residential projects and many more changes like the introduction of GST have caused the market to take the hit. The real estate company in Mumbai who saw the change happen have now started benefiting and riding the wave. So what changes have been noticed in the real estate market?

Recent years have seen the real estate market stabilize again after it took the hit of all the changes that the government made in the real estate sector and the trend is supposed to continue. There have been many affordable luxury homes in Goregaon being made as a result of an increase in demand by the consumers. These housing prices are about to rise slowly. The stable price of the property has brought along a new wave of demand for residential property in Goregaon and other suburbs. The suburbs of Mumbai are performing extremely well during this revival of the market as it can be noticed by new affordable luxury homes in Goregaon. The prices and demands are expected to start growing by next year.

The good news expected for next year was supposed to be witnessed this year but due to pandemic, the good times were delayed. The residential property in Goregaon and other suburbs that were projected to be sold off this year have not been possible. Due to the lockdown that was placed due to the pandemic the whole real estate sector was functioning at a fractured pace or came to a complete standstill. Once the lockdown ends the real estate market is expected to build its momentum slowly but the market is expected to grow consistently without upsets.

Due to pandemic, the prices of real estate around the country have been hit with absolute turmoil. People involved in the financial field believe real estate will finally see an upward trend in prices of property soon. It might be a smart move to invest in affordable luxury homes in Goregaon now while the rates are dropping because the prices are soon to grow and the upward trend is going to be noticed for a long time. If you invest in residential projects made by a real estate company in Mumbai you could expect your investment to grow along with the market growth.

Living in a rented house could be short-sighted especially when you are working on reduced pay and pandemic has proven that. People due to this pandemic are looking into finally stepping up and buying a house. People have been looking up residential projects in Mumbai and have been trying to get in contact with real estate builders in Goregaon to get more insight into buying the flat they are making. This has given hope to every real estate company in Mumbai and they now believe that the market will grow back to its former glory soon.

Every real estate company in Mumbai is witnessing growth using digital marketing and has seen an increase in demand from the consumers to purchase a property.

In conclusion the year 2020 is looking to be a lukewarm year for real estate but the future is bright in the following year.

Affordable housing is the type of homes that a person from a lower income group could afford to buy. So for example, affordable luxury homes in Goregaon would be purchasable by middle-income group people, and a normal residential property in Goregaon falling under this category would be affordable to lower-income groups. Affordable housing becomes a key issue especially in developing nations where a majority of the population isn’t able to buy houses at the market price. In a nation that is developing most homebuyers depend on the disposable income to live the dream of owning a house. The responsibility of making dreams of the citizens falls on the shoulders of its government and they need to come up with ways to make it happen. This is now making the government partner with a Real Estate Company in Mumbai to fulfil the demand of people to own real estate property.

So if you want to take advantage of schemes that the government has passed to help people buy the affordable luxury home in Goregaon that you were eyeing for a long time you would need to be a family or not have any immediate member of the family currently earning should not have a house in any part of India. So this means one family can buy only one residential property in Goregaon or any other part of the country. However, make sure you shouldn’t have taken help from the government plans before this instance.

The middle-income group or MIG are separated in 2 sections where MIG-I has an income of 2-6 lakh and MIG-II has an income of 6-12 lakhs. Both groups can avail loans from the government on very low-interest rates to finally live their dream of owning the residential property in Goregaon that they have been eyeing. They can even take up more loans outside the allotted bracket on a non-subsidized rate from the government. Therefore, the total interest subsidy to be paid under the MIG group for a loan up to Rs 9 lakh is Rs 2.35 lakh and on a loan of Rs 12 lakh, it is Rs 2.30 lakh per beneficiary which will be paid upfront to the beneficiary. This means when a buyer approaches a real estate company in Mumbai to buy a flat they will be able to afford to buy the flat. This move is a welcome move from the government and is being celebrated by homebuyers who couldn’t afford to buy a house before.

However, the loan that can be availed from a homebuyer is also different in different parts of India. This means a home buyer if they are buying in suburbs of the city like a residential property in Goregaon would be able to avail more loans compared to if they buy a house in rural places. The loan amount is periodically revised by RBI to adjust for inflation but the loan amount that will be offered to buy a house in metros will remain more than that of rural areas.

The scheme also covers flat on the resale market and construction of a house with basic amenities of sanitation, water supply, and electric supply which means the government does not prefer a developer more than others.

Now women, people from backward classes and differently-abled women would also be able to buy affordable luxury homes in Goregaon.

The government has set up committees and offices that you can approach to avail of these offers and become the owner of a flat and complete the dream of becoming a homeowner. The scheme can also be availed by approaching government banks if you don’t know where exactly you should go to avail the offers.

The real estate market has seen a lot of upset since the past few years. The real estate scene in Mumbai is becoming one of the best in the country. Mumbai is the forerunner to cause changes in the real estate market all around the country. Ever since the COVID-19 lockdown every real estate company in Mumbai has speculated a comeback. This is good news in a long time to grace every real estate company in Mumbai. The developers who are witnessing the change are more likely to ride the success wave. Is the real estate market going to make a comeback after the COVID-19 lockdown?

If you were to believe economists the big comeback for the real estate market was set in the year 2020 but it all changed with the COVID-19 attack. Since the pandemic hit the coast of India every developer was nervous about suffering greatly due to another slowdown. But the lockdown has been good for real estate as it is teaching bringing in people from the rental markets who have understood the importance of owning their own house. The residential property in Goregaon prices even before lockdown had seen some dips but was fairly stable. The suburbs of Mumbai are performing extremely well during this revival of the market as it can be noticed by affordable luxury homes in Mumbai. The prices and demands are expected to start growing after the COVID-19 lockdown ends.

Every market has seen a massive slowdown during the pandemic and the real estate market in Mumbai is no different. The affordable luxury homes in Goregaon that were projected to be sold off this year have not been possible mainly because people were not allowed to step out. The move was put in place by the government to stop the spread of the disease but it is also why the economy took a hit. However, the real estate market might have flinched too hard because they weren’t as heavily hit. Once the lockdown ends the real estate market is expected to build its momentum slowly but the market is expected to grow consistently without upsets.

Due to the pandemic, the prices of residential property in Goregaon have either fallen or stayed stable. The prices of affordable luxury homes in Goregaon are set to rise to make them less affordable soon after the lockdown if economists are to be believed. If you are an investor now would be a good time to invest in residential property in Goregaon so that you get maximum return on investment once the market starts witnessing an upward trend. If you invest in affordable luxury homes in Goregaon now you could expect your investment to grow along with the market growth.

Like we stated above the pandemic has opened the eyes of people who used to live in rental homes and they now understand the security of owning a house. Living on rent is also cumbersome when you are living on reduced pay or dwindling savings. People due to this pandemic are looking into finally stepping up and buying affordable luxury homes in Goregaon. People have been looking up residential property in Goregaon and have been trying to get in contact with Real Estate Companies in Mumbai to get more insight into buying the flat they are making.

The government was offering heavy tax rebates starting this year to help the real estate market gain back the traction. The seeds that were laid by the government in previous years are slowly starting to bear fruits. The younger generation is drawn towards ownership rather than renting living space.

Given all the signs the prices of real estate could see a steady increase in them after the lockdown.