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MUMBAI

An Overview

Mumbai, formerly known as “Bombay” is the capital city of Maharashtra. It is the largest city in India and it is called “The City of Seven Islands”. The seven islands that constitute Mumbai are Isle of Bombay, Colaba, Old Woman's Island, Mahim, Mazagaon, Parel & Worli. It lies in Konkan coast on the west coast of India. In 2008 Mumbai was named as “Alpha World City”. Mumbai is the Financial, Commercial & Entertainment capital of India. As of 2011, it was the most populated city in India with a population of over 12.4 million. It is the second most popular metropolitan area in India with a population of 21.3 million as of 2016 and 22.5 million as of 2018. This city also famous for the Film Industry and houses India’s Hindi and Marathi cinema Industry. The official language of Mumbai is Marathi and as Mumbai is a cosmopolitan city, it also accepts several other languages like Gujrathi, Konkani, Hindi, English, Dangii, Varhadi.

History

During India’s Independence in 1947, the city was incorporated into Bombay State. After the Samyukta Maharashtra Movement, a new state Maharashtra was created with Bombay as the Capital. In 1995, there was a regional political party named Shiv Sena, they saw Bombay as a legacy of British colonialism and wanted to change the name of the city. Therefore, in the tribute to the Goddess Mumbadevi, the city’s official name Bombay changed to Mumbai. Mumbai city is built by uniting seven islands and that is the reason why it is called The City of Seven Islands. Mumbai is also called the “Fashion Capital of India”

Economy, Industry and Employment

Mumbai is the Economic Capital of India. It is India’s largest city by its population and it is the commercial capital of India as it generates 6.16% of total GDP. It serves as an economic hub of India. Mumbai has been ranked the sixth position among top 10 global cities. Mumbai is the third most expensive office market in the world and the fastest growing city in India for business startup. Mumbai’s economic base for now are

• Textile Industries
• Petrochemical
• Automobile Manufacturing
• Metals, electronics
• Food Processing
• Wide range of light manufacturing.

It is having a great natural harbour. It is also the richest city in India with the highest GDP and that is the reason why it is called the Economic Capital of India. The top manufacturing companies of Mumbai are

• ACC Ltd
• Ceat Ltd
• Asian Paints Ltd
• Gitanjali Gems Ltd
• Godrej Consumer Products Ltd
• Hindustan Unilever Ltd
• Larsen & Toubro Ltd
• Mahindra & Mahindra Ltd
• Reliance Industries Ltd
• Sun Pharmaceutical Industries Ltd

Key Projects (all will be linked)

• Olympeo Riverside
• ANA Avant Garde Phase I
• Shreeji Aspire
• Olympeo Riverside Phase III
• Yashraj Home
• RNA NG Diamond Hill B Phase I
• JP Codename Hotcake

Demographics
The total population of Mumbai according to 2011 census is 12,479,608. The average literacy rate of Mumbai city is 89.73 per cent of which male and female literacy was 92.56 and 86.39 per cent. The sex ratio of Mumbai city was 838 females per 1,000 males. Children form 9.67% of the total population of Mumbai City.

Connectivity

The public transport in Mumbai includes the Mumbai Suburban Railway (MSB), Monorail, Metro Rail, Brihanmumbai Electric Supply and Transport (BEST) buses, taxis, auto-rickshaws, ferries.

Roads

The Buses are operated by BEST and MSRTC “Maharashtra State Road Transport Corporation”. Public buses run by BEST that runs over 4,500 buses that consist of single and double deckers. The MSRTC buses provide transport connecting Mumbai with other towns & Cities of Maharashtra and nearby states. We also have the highways connecting Mumbai

• National Highways 3
• National Highways 4
• National Highways 8
• National Highways 17
• National Highways 222
• Mumbai-Pune Expressway, first expressway built in India
• Eastern Express Highway
• Western Express Highway
• Mumbai-Nashik Expressway
• Mumbai-Vadodara Expressway.

Rail

Mumbai Suburban Railway (MSB) that are operated by Central Railways (Chhatrapati Shivaji Terminus) and Western Railways (Churchgate) Zones. The Mumbai Rail network runs of over a total of 2,226 trains that provide service in the city. The monorail and metro rail are being extended to avoid overcrowding on the present network. The monorail was operated in February 2014. The first line of Mumbai metro started in June 2014.

Air

Chhatrapati Shivaji International Airport is formerly known as “Sahar International Airport”, located in Vile Parle East in Mumbai. It is the second busiest airport in India as per passengers. The new terminal opened in February 2014.

Water

Mumbai’s water transport consists of hovercrafts, ferries, catamarans. The services are provided by both government and private between the Gateway of India and CD Belapur(Navi Mumbai).

Existing Infrastructure

Education

Mumbai schools either run by the “municipal schools” (MCGM) or by private schools that run by the individual or the trust. The schools that are affiliated to the board of education are

• Maharashtra State Board (MSBSHSE)
• The National Institute of Open Schooling (NIOS)
• The All-India Council for the Indian School Certificate Examinations (CISCE)
• The International Baccalaureate (IB)
• The Central Board for Secondary Education (CBSE)
• The International General Certificate of Secondary Education (IGCSE)

The MCGM operates over 1,200 primary schools and around 50 secondary schools. The University of Mumbai is the topmost university in India. It was ranked 41 among the top 50 Engineering Colleges by the “Business Insider” (America's news broadcasting firm).

The top Universities in Mumbai are

• Indian Institute of Technology (IIT) Bomba
• The International Institute for Population Sciences
• Narsee Monjee Institute of Management & Higher Studies
• Padmashree Dr D. Y. Patil Vidyapeeth
• SNDT Women's University
• Central Institute of Fisheries Education
• Tata Institute of Fundamental Research
• Tata Institute of Social Sciences
• University of Petroleum and Energy Studies

Healthcare

There are more than 200 hospitals in Mumbai of which there are Multi Speciality Hospitals, Superspeciality Hospitals, Health Care Centres, Nursing Homes, Medical Centres, Clinics. The topmost Hospitals in Mumbai are

• Nanavati Hospital
• Fortis Hospital
• Wockhardt Hospitals
• SevenHills Hospital
• S. L Raheja Hospital
• Global Hospital
• Kohinoor Hospital
• Hiranandani Hospital

Mumbai Real Estate

Mumbai is one of the World’s most expensive property market in terms of real estate. There is a huge demand for both residential and commercial property. Mumbai Metropolitan Region (MMR), is the largest real estate market in India. There are five top best living spaces in Mumbai which are said to be the “real estate gold”. They have well-developed amenities and feature like best schools, colleges, hospitals, good connectivity etc. The 5 places which are highly demanding in Mumbai city are

• South Mumbai - South Mumbai has the highest demand than any other area in Mumbai. It houses some of the big personalities in the country like Ambani’s, Tata’s etc.
• Lower Parel - Lower Parel is said to be a corporate hub with many business companies. Investing in flats, duplex houses here gives a great profit in investment. The infrastructure here has been developed with best restaurants, clubs and mall with international brands.
• Bandra - Bandra is known as “The Queen of Suburbs”. It also offers social infrastructure. It is upgrading as an investment hotspot for the nearby localities.
• Worli - Worli is a well-connected locality. It mainly houses luxury homes and villas. Most of the buyers are looking out for owing the flats which is sea facing.
• Juhu - Juhu is known as “Beverly Hills” of Bollywood as it houses for many Bollywood celebrities. Many duplex flats are found here that are very luxurious.

The weighted average capital value for residential properties in Mumbai is Rs 7,200-7,800 per sq.ft with an annual appreciation ranging between 8-16%.

Popular Areas/Localities

The top localities in Mumbai are Mira Road, Andheri East, Andheri West, Dombivli East, Malad West, Powai, Pali Hill, Bandra, Cuffe Parade.