Mumbai is the financial capital of the country. Each year, hundreds of thousands of new businesses take shape, and some of the major domestic and multinational corporations expand operations in the city. The city's estimated GDP in 2023 is about USD 310 billion, making it one of the wealthiest cities in the world. What this means for real estate investors is a wonderful opportunity to invest in commercial properties in Mumbai. These include shops, warehouses, office spaces, co-working spaces, and retail outlets or showrooms in shopping complexes.
Mumbai's phenomenal growth as a financial and commercial hub of the country has contributed to the high interest of real estate investors in commercial properties. According to recent reports, nearly 70% of commercial real estate buyers are millennials who are excited by the prospect of quick capital appreciation and high returns. Therefore, buying a commercial property in Mumbai is a good idea and an essential portfolio diversification strategy for serious real estate investors.
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