| Bombay properties have always continued to allure investors for many reasons. The spirit of Bombay of never saying die in any critical condition is applicable to the Bombay Properties Market also.The real estate market did witness recession however with strategic initiatives; we find Bombay Properties to be still one of the desired areas for investment. Bombay in actual terms is called the commercial capital of India because forty percent of India's taxes come from Bombay alone. It has some premier establishments driving its workforce from all over the country. Given al this, it is needless to say the growing housing needs and the increasing development of Bombay Properties. The economic globalization that swept across India positively affected the Bombay properties market and relaxation of norms took place. Eventually, we find that there are norms encouraging the Foreign Direct Investment thus enabling the Non-Resident Indians to invest in Bombay Properties.
Just that the city of Bombay is known for its unconventional lifestyle, even the real estate industry is full of interesting aberrations. |