Mumbai is appropriately called as the financial capital of India as it a center to make financial moves. Apart from Mumbai being the city for entertainment and hope, it is also an important place for national stock exchange. One can feel it when he or she enters in to the city of Mumbai. The frequent question that would be posed is "How was the market today?", rather than the everyday normal question, "What is the time?" Everybody from an IIM student to an auto wala will have at least basic knowledge of the stock market.
The city feels it importance and we can see that most of the mumbaikars, as how the people of Mumbai are called, invest their money in stock market. Almost all the important economic moves and financial issues will be solved in Mumbai. The stock markets are situated in the hub of the vital business district of Mumbai which is evidently the South Mumbai. The southern part of Mumbai is always busy monitoring the stock exchanges moves and the rise and the fall in the sensex. This is why Mumbai tops among the other 23 stock exchange centers across the country. This certainly influences the property investments in the city.
People who know about the stock market influence, readily invest in the other sector too, that is the property investments. This will aid them at times of economic fall down. Therefore, the real estate giants are into the venture of investing in this particular field. An amazing fact about this trend is that one business influences and other businesses and hence there a lot of opportunities for almost all the traders to succeed. This is why, Mumbai continues to be the top ranked cities in the world and play a perfect role of a financial capital as well!
Stafford Tandon is the owner and operator of Mumbai's most prestigious portal about local events and news in Mumbai. His contributions can be found at My Mumbai City |
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