Affordable Housing in Mumbai
The mention of affordable housing in Mumbai appears a dream and a very improbable one to come true. The city of Mumbai is undoubtedly one of the most expensive cities in the country and also the face of urbane Indian lifestyle. It is the country’s fashion and business capital and a cosmopolitan hub of modern India. Mumbai is a city that attracts thousands of people to its soil everyday thus creating a strong demand for quality living accommodations. The presence of profitable business opportunities and professional jobs has led people into shifting base to the city and at the same time look for affordable means of accommodation arrangements.
Over the years, there have been several initiatives to provide low cost housing in Mumbai after periodic demands have been on the rise among people. Some of the leading names of realtors and real estate development companies have launched their projects for affordable living accommodations to be available. These include Lokhandwala Infrastructure and Ever Shine Builders. There have been several such initiatives available from the government in collaboration with reputed private companies as well. As part of these projects several land plots had been in regions of suburban Mumbai like Powai, Malad and Navi Mumbai. These are now in close distance from the heart of the city that has been made further accessible by an extensive network of roads, highways.
Some of the affordable housing projects in Mumbai by the HDIL Group include –
Paradise City - Palghar (W), Mumbai
Residency Park - Virar (W), Thane
Galaxy Apartments - Kurla (E), Mumbai
The concept of affordable housing in Mumbai has been relatively new considering the reputation of high expenses in the city. However, that has been dealt with effectively in recent years when modern apartments have been available for as low as Rs. 25 lakhs onwards. Mumbai city epitomizes all that is modern in the country and thus has reflected similarly through its accommodation offers as well. The apartments designed by real estate development companies have been a blend of modern architecture built amidst eco-friendly conditions. All apartments come with latest modern fittings and urban designs of interiors within them. From two bedroom apartments to sprawling four and five bedroom apartments there is well ventilated plans of rooms which have all arrangements of modern living is incorporated.
Well planned arrangements are also available as part of modern facilities within residential complexes of affordable housing in Mumbai. There are facilities like swimming pools, children’s park and playgrounds, joggers track, community hall, health club, recreational indoor games facilities like table tennis and pool, tennis and badminton courts to name a few. These are ways and means of ensuring good lifestyles even within concrete skyscrapers and high-rise buildings. For many years there have been critical views about the tallest buildings of the city that have been built without ensuring tasteful balance of an eco-friendly ambience. That has now been set for a change. For most real estate companies in Mumbai there is a high level of collaborative exchanges with international companies engaged in the same sphere. Modern technological standards and expertise is employed in the making of these housing complexes and high-rise apartments. This includes soil testing and ensuring additional support within the soil that will be able to extend strength and durability to construction designs and structures. This is also added with professional architects and designers being employed in designing the interiors of the houses that are in keeping with the auspices of a better life for the inmates in future.
With multinational companies engaging themselves in many of these projects, affordable housing in Mumbai is no longer a mere dream of the masses. Several such projects have been initiated and have been completed for buyers and prospective homeowners.
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