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There may not be a reason to cheer yet for those who own luxury apartments in Mumbai. A recent sale of luxury flats in Mumbai was recently concluded where the scion of a prominent political family
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Real Estate Turn Around Unlikely for Luxury Apartments in Mumbai
There may not be a reason to cheer yet for those who own luxury apartments in Mumbai. A recent sale of luxury flats in Mumbai was recently concluded where the scion of a prominent political family purchased a triplex home for one hundred crores. Naysayers claim that this is not an indication of a turnaround in Mumbai Property as the purchased luxury home was a one-off purchase of an attractive property which was already highly sought after by many in the country. Some had hoped that the high sale priced signaled an end to a depressed property market and good times ahead for real estate inMumbai. Those who held such beliefs are likely to be highly disappointed with the purchase of the property in Mumbai does not hint at any turnaround but rather a likely attempt to purchase a much sought after home at a time when it is priced lower than it had been months earlier by an individual with the means to pay extravagantly for a dream home.
With the ocean, less than a hundred feet away from the building where the dream home was recently purchased, residents of the triplex apartments in Mumbai who will live between and within the twenty-first and twenty-third floors shall enjoy an unobstructed view of the sea. The builders in Mumbai constructing luxury developments who have been having difficulty offloading their inventory of upcoming projects in Mumbai are likely to feel some dismay as they have lost a prospective customer for one of their flats. Had knowledge of an upcoming deal involving such a vast sum been known to realestate developers in Mumbai they would have hounded the gentlemen who purchased the home to get an audience with him.
The channels, through which the deal for the recently bought triplex apartments in Mumbai was initiated and closed, before the conclusion of the deal, were impervious to those who were not involved in the deal. Now, however, there has been much discussion regarding the deal and a tiny minority on social media is complaining about the grossly distorted distribution of wealth in the country. Many claim that the country had been looted for the benefit of a small minority during the previous sixty years. This statement is, however, unfair and naïve as politicians across the world function along similar lines and make similar platitudes while they are not in power.
Perhaps the biggest difference between domestic and foreign politicians is simply that developed nations have legal channels that allow politicians to receive money while they are campaigning and also when in power. Even today, many of the most influential businessmen in the US are troubled by the role played by money in politics. Skimming money of the top is a part and parcel of being a politician anywhere in the world. builders in mumbai If one where glance even casually at news across the globe it would be nearly impossible to find a country where politicians play by the rules and work only to benefit their supporters. Politicians do work to help their constituents but in the process enrich themselves as well as those who helped them get elected. Whether in China, Brazil, Greece, Italy, or the US, those who aspire to attain political power have similar tendencies and proclivities anywhere in the world.
