Are you looking to buy property in Mumbai, India? If so, you may be considering buying something in the city’s prime locations. However, if you want to splurge on a lifestyle of luxury and convenience in the city that never sleeps, Mumbai’s luxury homes are not where you should be looking.

Instead, you should consider purchasing something truly special. An absolute pampering experience just minutes away from the city’s bustling metro areas, by buying an exclusive luxury villa in Mumbai for sale from Shimmer Ocean Pearls.

luxury villa in mumbai for sale

The opportunity costs of real estate in Mumbai

The costs associated with buying a home in Mumbai are staggering and could easily exceed $100,000. That’s why it’s important to consider whether buying an actual house would be more expensive than renting one.

This is particularly true for ex-pats who might have to put down roots for only five years before returning to their home country. If you aren’t planning on staying long-term, you may want to consider purchasing a luxury resort that offers a rent-to-own program so you can build equity over time.

Size of the market for luxury villas

So, you think people with money don’t live in nice places? Think again. The wealth management firm UBS estimates that the number of households globally with over $1 million to invest could double to 13 million by 2025, up from 6.7 million at the end 2014 of.

This is your target market. It’s also important to keep in mind that every dollar spent here will generate more than three times as much economic activity as if it were spent on an average luxury villa condo for sale or apartment for sale or even an entire luxury flat for sale or office for sale and it won’t be nearly as volatile. In short, these buyers want safe investments and real estate always delivers on that front.

Resale value

New or resale, condos have one big advantage over villas. Over time, their value will likely increase faster than that of most other real estate investments. And for that reason alone, it’s smart to invest in luxury villas in Mumbai for sale if you plan on living there for a long time, and expect to be able to sell your unit at some point.

Of course, there are no guarantees when it comes to real estate. Especially not in an emerging market like India. But as an investment opportunity, you may make more sense than villas over time because they provide more liquidity and predictability.

About property taxes

The value of your property isn’t always clear. If you’re interested in purchasing a home or apartment, make sure to talk to an accountant about property taxes, which can take up as much as 20 percent of your home’s price. Keep property taxes in mind when you’re deciding how much to spend. Your property tax bill is not based on market value; instead, it depends on how long you’ve owned and lived there.

Security

When you’re living alone, security should be at the top of your priority list. At first, it may not seem that crucial to invest in additional security for your house, but once you are living alone and surrounded by strangers, having an alarm system and video cameras installed may prove to be one of your wisest investments. Keeping yourself safe is priceless. Security should never be an afterthought when it comes to owning property!