Set amidst expansive greens and landscape beauty, Godrej Ambivali Riviera is the most preferred living destination at Ambivali, Mumbai. Designed with 2/3 BHK Apartments, it’s a brilliant living address.
Step into the tranquil and delightful living address at Ambivali. Welcome to Godrej Ambivali Riviera. Built over two levels of podium, this exquisite and serene setting is a perfect address for you and your loved ones. With a range of exercise and relaxation options, you get loads of recreational amenities to revive yourself here.
Driven by no political strife, harmony, and obedience of the law and order development is happening at a quick pace. Such a friendly situation would certainly attract business interests and this would have an impact on the already robust office market. Growth in demand for housing has improved dramatically as well as inflation. Peace has existed since then, not entirely but extensively, and the newly formed state is focused on its development plans. This has been a turning point in Mumbai.
The new political leadership has been focused on the development agenda and since 2019, Mumbai has developed through leaps and bounds. The overarching policy environment has changed the situation over the past five years. Infrastructure has been planned and upgraded, the government has been keen to harness the potential IT power the city can offer and who worldwide has set up a store in Mumbai. Therefore, Mumbai has come a long way and its success today is a return to pre-2018 levels, only the most advanced. This is certainly not a temporary setback that can fade through the changing winds.
Growing commercial activity has also helped revitalize Mumbai's residential market. An increasing number of people are now moving to Mumbai. Not only are job opportunities more lucrative but the growing urban infrastructure with strong infrastructure is attracting young job seekers. Prices for accommodation in key areas namely west of Mumbai have risen by about 10-15% since 2019. While some of this inflation may be temporary and a correction site, most participants believe that a large part of it is actually familiar pricing at pre-2018 levels. At a time when the residential sector across the country is struggling to keep up, Mumbai's residential market continues to grow.
As of six months back, 105 real estate projects in the Mumbai region were registered under RERA which is only a small fraction of the housing and housing stock in the city. Although this is a strange situation with Maharashtra's adoption of RERA, its implementation has created a regulatory ecosystem to take divergent engineers to resolve and protect consumer interests. Initial developer constraints due to major difficulties in understanding the project registration process of under RERA have had a positive impact on the new housing launch in the previous year.
With promptly obtaining permits from various government departments and municipal agencies, developers are now not facing any crisis in a situation where the project planning cycle is no more a time-consuming and tedious process. As a result, new launches remained high during that phase. While this is a significant improvement when the introduction of new accommodation stopped, this shows a 10% increase year on year.