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Maharashtra real estate and property market attracts plenty of investors due to its status of being the most industrialized state and economic hub of India. The capital of Maharashtra is Mumbai, which is the most populous city of India and regarded as the commercial capital of India. The total land area of Maharashtra is about 307,713 square kilometers. The real estate market of Maharashtra has clearly benefited from the progressing economy of the state. The presence of numerous industries related to automobile, electronics, film industry, Information Technology and bio-technology has also helped in attracting new real estate investors to the state. This has led to numerous commercial and residential property developments in Mumbai, Navi Mumbai, Pune, Nagpur, Nashik, Jalgaon and Aurangabad. Maharashtra also has a number of places of tourist interest. The demand from tourist and business-travelers has contributed to the development of luxury hotels and recreation centers. Some of India's most expensive real estate can be found in Maharashtra, especially in places like Mumbai, Pune and Navi Mumbai. -- Recent News -- The Mahrashtra government has decided to allow all upcoming IT parks and IT specific buildings in the city to utilise 80% of the total constructed area for financial services, besides IT and IT enabled services. At present only 30% of the total constructed area can be given to financial services. Ravji Enterprises successfuly bid for fifty thousand residential-cum-commercial plot on Palm Beach Road in Sanpada at Rs.10,000 per square feet.
More facts about Maharashtra The total population of Maharashtra is about 97 million. The official language of the state is Marathi. Other languages spoken include Hindi and English. |
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