So you are attempting to understand the real estate position in Mumbai, but you are not clear in your mind the market picture of real estate in massive Mumbai? To help you, here is a preview of real estate market in Mumbai. Mumbai is going to be the town of the potential. According to the facts & figures, the real estate sector is growing at a blistering 30 per cent annually. Mumbai real estate is among the most expensive in the world - more than that of Tokyo or New York - and there is no shortage of those who can afford to pay. Some of the few successfully completed real estate projects in Mumbai are new airport at Navi Mumbai, New Suburban Trains Project, Bandra-Worli Sealink Project, Santacruz-Chembur Link Project, De -congestion of Prime CBD areas, Current Transportation systems, New Bridges Project, Sprawling Townships Project, Shopping Malls, IT Software Parks, Office complexes and development of Property investment proposition. Now, the city is undergoing redevelopment and restructuring. Various big real estate developers & constructors like DLF, Akruti, Parasvnath are bidding for the redevelopment of Dharavi which is Asia’s biggest slum and Mumbai’s biggest mess. Another interesting trend taking place in Mumbai is the remodeling of commercial spaces to retail spaces. With the property values of commercial spaces touching the sky, developers find it difficult to sell their commercial/office property. Hence, many of them are positioning their property as retail space in a hope to find more takers. Mumbai property market is a case in point. This market needs to be studied carefully as most the property trends arise from this market.

There is good news for all home loan consumers in India. Given the boom in real estate in India, housing/home loan has become the most popular form of loan. Various banks have started working in the direction to ease the burden on the home loan consumers. Two public sector banks, Allahabad Bank and Central Bank of India, have decided to reduce interest rates on housing loans by 25 basis points. The above reduction will be effective from April one, on all fresh sanctions. Various other banks have started thinking on this line to boost the demand in housing loan sector, particularly among small and medium category borrowers. Considering the current inflation in property rates this is only a small concession.

With economic growth in the range of 8-9%, India is likely to enjoy the highest salary hike in the world, of around 15.2% in 2008 as against 15.1% in the previous year revealed a survey conducted by global human resource service firm Hewitt Associates.

Employees in the real estate industry never had it this good. The realty sector is projected to witness the salary rise of 25 % in 2008 in India, even ahead of retail and telecommunications industries.

With double-digit growth in the service sector, there is strong demand for talent in the country. Struggle for finding talent to sustain the high growth is growing in the country. The high economic growth rate has provided employees great career opportunities. Therefore, employers are using compensation as a strategic lever in attracting, retaining and motivating the talent pool.

However, the survey forecasts a gradual decrease in salary hikes and stabilization in the range of nine to ten per cent by 2012.The survey was conducted in 540 organizations in India across 19 industries in the last three months.

Faridabad, the once sleeping town of Haryana, is on the fast track of development and is emerging as one of the most happening cities around Delhi NCR. If you are looking for property in a prime location that is away from the noise & clamor of metropolitan cities, yet near enough to ensure that all the facilities of urban India are available to you, then Faridabad is the way to go.

Properties are selling at a brisk pace here. The infrastructures & properties are affordable and this has resulted in a tremendous real estate boom. Being located close to Delhi and NCR, Faridabad has attracted working professionals as well as corporates and businesses.Faridabad is now a preferred destination for MNCs, the IT, ITES and the BPO sector and the retail sector too is at par with the best, with sprawling malls and swanky offices donning the streets. The capital and rental values of property are gradually on the rise and the upswing is going to continue. If you are planning to invest, it's high time you make up your mind!

The much awaited Gurgaon Master Plan 2021 comes with high hopes for residents of the fast flourishing cyber city. The first master plan for the region aims to keep population density in the newly covered areas lower than before. The focus is on having green cover, increasing residential space, enhancing commercial space, and improving connectivity with neighboring Delhi. This will undoubtedly be a step forward in real estate growth around the region.

Moreover, the new supply could be good news for the middle class as the prices of apartments are expected to slip down. So far, property developers were only concentrating their attention on high end housing. With availability of more land, they can now focus on middle and lower segments as well.

New Gurgaon Manesar Master Plan is known to have been inspired by the Chandigarh town planning model. The Gurgaon-Manesar Plan includes great scope for the residential areas which will now feature boarding houses, social, community, recreational and religious buildings, educational buildings, health institutions, cinemas, commercial and professional offices, retail shops and restaurants, local service industries, petrol/CNG stations, bus stops, nurseries and green houses, hotels, cyber and IT parks.