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Tata Capital > Blog > Loan for Home > Skyscrapers in Mumbai: The Changing Face of Luxury Housing

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Skyscrapers in Mumbai: The Changing Face of Luxury Housing

Skyscrapers in Mumbai: The Changing Face of Luxury Housing

Thinking of buying a house in the cosmopolitan city of Mumbai? This modern location is now dotted with luxurious skyscrapers that offer comfortable living. With modular interiors, ample space, lush green surroundings, and convenience – all under one roof – lavish high-rise buildings have become the new face of luxury housing in Mumbai.

Numerous potential home buyers are looking for modern facilities and an improved standard of living in these high-rise projects. Let’s see why skyscrapers in Mumbai are becoming increasingly popular with home owners.

Additional Read: Home Loan in Mumbai

Better use of space

With a rising population, big cities like Mumbai face an acute shortage of available ground space. While cities have exhausted their capacity to expand horizontally, the need for luxury housing persists. As a result, developers now have no choice but to invest in vertical development projects. Thus, Mumbai is witnessing the construction of projects as high as 400 metres with as many as 30 floors or more. This is enough to attract a large portion of the population eager to experience luxurious living.

Additional Read - List of Apartments Having Best 3BHK Flats in Mumbai

Improved investment capacity

With disposable incomes rising in India, professionals and business persons are now ready to spend on bigger homes with better features and amenities. Most high-rise projects offer easy access to nearby shopping malls, restaurants, schools, and so on. Additionally, you get facilities like swimming pools, gyms, recreational centres, etc. Furthermore, several lenders also offer attractive loan options at competitive home loan interest rates, allowing buyers to purchase their dream properties with ease.

Sustainable living

Luxury housing projects in Mumbai today adopt eco-friendly and sustainable development practices, attracting environment-conscious buyers. Residential skyscrapers offer you the pleasure of living in a cleaner environment with a breath-taking view. For this reason alone, people don’t shy away from spending as much as 30% more on high-rise properties.

Higher security

Many real estate developers are offering beautiful living spaces in high-rise buildings for buyers who want to invest in premium properties. However, there are apprehensions regarding the safety of living in a residential skyscraper. To offer maximum security to potential homeowners, developers take utmost care in complying with safety measures. These tall buildings are designed to stand against natural disasters. Additionally, such projects are developed in safe locations with improved security features in the building.

Additional Read - Top Places to Buy a New House in 2020

Dream of owning a luxury house in Mumbai?

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