Mumbai is also nicknamed as the entrepreneur friendly capital of India. It is also known as Shanghai of India and is one of the most populated cities of India with a population of approximately about 21 million. Mumbai has a cavernous harbor
as well. Mumbai contributes about forty two percent of Gross Domestic Product of the country and is one of India’s richest cities as well.
According to legend, Mumbai is said to be given in dowry to East India Company by a Portuguese king who ruled Mumbai. The name of Mumbai is derived from name of Mumba Devi temple which is named after goddess Mumba located in the city of Mumbai.
How Mumbai came into Existence?
The seven lands masses that form Mumbai were once residence of the fishermen and fisherwomen. For many centuries, the islets were controlled consecutively by the head of states who ruled Mumbai. Mumbai was ruled by Danish, French, Portuguese and British. Mumbai was reconstructed in early part of nineteenth century when the Hornby Vellard project was completed along with the construction of main railways and roads. Educational and economic growth of city of Mumbai began in the 19th century. It became a well-built base for the movement of Independence of India during the first quarter of 20th century. When India achieved independence in the year 1947, the city was included in the state termed and referred as a Bombay State. In late sixties, after Maharashtra separated from Gujarat state, Bombay was declared to be the capital of Maharashtra. The city of Bombay was then renamed to Mumbai in year 1995-1996 by the state of Maharashtra passing a resolution declaring ‘Bombay’ as ‘Mumbai’ in the Vidhan Sabha.
What are the famous and worth seeing places in Mumbai?
There are many famous places that one can visit in city of Mumbai. Let us give a brief outline of each place belonging to Mumbai:
- Saint Michael Church of Mumbai: – It is one of the oldest churches in Mumbai constructed during the reign of Portuguese ruler. This church is located in Mahim, at the junction of Mahim main road and L J Road.
- Temple of Vajreshwari:-This temple is located in the town of Vajreshwari which was known as Vadvalli in past. Vajreshwari is situated about 76 kilometers away from the city of Mumbai. The word Vajreshwari is coined in honor of the priest of the temple.
Mumbai has one of the finest infrastructures of the country. The BEST (Brihanmumbai Electric Supply and Transport Undertaking) form a vital part of infrastructure of Mumbai. MSEB (Maharashtra State Electricity Board) and Tata Power firms supply electricity to BEST which in turn redirects it to many of the areas in Mumbai. Real estate in Mumbai is profited by the services of the B.E.S.T.
Also the BEST Buses provide very efficient transport services for a very reasonable fare. In addition to this there is a separate junction and routes for the railway transport with fares being quite reasonable. Tarapore electric power house in Mumbai generates electric power for the whole state of Maharashtra. Mumbai connects Pune via a highway and other states like Gujarat via Sea as well. Mumbai has one of the largest international airports in India.
There are five, eight and ten lanes express highways connecting Mumbai to all the other parts of India. Mumbai Police is said to be the replica of the England Scotland Yard. It has nabbed dreaded criminals and dacoits and had curtailed much of the criminal activities in Mumbai.
Under Land Infrastructure Service plan near about ninety thousand sites are being constructed. Expansion of nearly about 36,000 Mumbai slum homes also comes under this project construction. This Project provides efficient system of water drainage at very reasonable rates. Abundant supply of water will be provided to the all the households constructed under this scheme. Real estate in Mumbai is flourishing because of its rapid economic development.
Mumbai is perfect destination for investment and growth as far as prospective real estate is concerned.