Mumbai real estate has been increasing for a while, and now things are only going to get better. Which real estate markets will have the biggest value increases in the next years? There is little question that Mumbai, the nation’s financial center, is a desirable location for many would-be purchasers. Let’s cover why should you invest in Mumbai.
After all, both the city and the suburbs have a variety of unique offerings, from sumptuous bungalows to opulent apartments. Mumbai, the nation’s capital, draws countless people each year with a variety of job opportunities. One of the main factors contributing to the city’s robust housing market is this ongoing influx.
Here are the names of areas where you can invest in Mumbai, where real estate is booming.
Regions Around the Western Line:
Strategically located between Andheri and Borivali is Goregaon East. With current average housing costs in Mumbai ranging at Rs 20,500 per square foot, Goregaon East is regarded as the perfect location for individuals searching to buy property in Mumbai.
It connects to the Western Express Highway, the Jogeshwari-Vikhroli Link Road (JVLR), and the Chhatrapati Shivaji Maharaj International Airport. For a 2 BHK apartment, investors and property owners may get an average monthly rental income of Rs 40,000–48,000 here.
A residential neighborhood called Borivali may be located in Mumbai’s northern section. There are a lot of cultural places around as well. It has excellent rail and metro connections. When people realize that Borivali is home to Asia’s largest water park, Water Kingdom, they are generally interested. At the western end of Borivali, Gorai Beach is another notable attraction.
The reason it is one of Mumbai’s most developed suburbs is undoubtedly due to its connection. One of the busiest stations in the nation is this one’s railway station. Residential houses are in high demand in Andheri’s East and West zones.
Regions Around The Central Line:
Thane has excellent access to both Mumbai and the newest suburbs to invest in real estate property in Mumbai. Despite the best-in-class infrastructure development, costs are still considered to be reasonable.
Mulund is among the most international of Mumbai’s suburbs. The growth of the residential and commercial sectors has been balanced. All conveniences and amenities, including hospitals, schools, shopping centers, and grocery shops, are provided by the social and civic infrastructure.
People prefer to live in Vikhroli West if they work in the Bandra-Kurla Complex business district or the Marol MIDC Industrial Area in Andheri East (1 km). A fantastic road link is provided by LBS Marg, Hiranandani Link Road, and Jogeshwari-Vikhroli Link Road.
The average price per square foot in the neighborhood is around Rs 17,500, which is considerably less costly than the surrounding Powai, Ghatkopar, and Vikhroli East regions. There are several 1 BHK and 2 BHK residential options in the area.
Regions Around Harbour Line:
Chembur, a neighborhood in eastern Mumbai, has seen significant growth during the last five years. Its numerous projects, including shopping centers, world-class medical facilities, and golf courses, have made it a desirable market for investors.
Kharghar, one of the city’s best-planned neighborhoods, has exceptional accessibility to Mumbai and all of its suburbs. It is designed by CIDCO and has up to 45 extremely well-developed and organized areas.
Due to its outstanding housing market, Panvel has been gaining prominence. Many residents of Mumbai are drawn to this area since they won’t want to sacrifice space. Additionally, Panvel has seen an upsurge in developments as a result of the international airport.
Infrastructure investments like the Trans-Harbour Sea Link and several big Indian industrial companies like Larsen & Toubro Limited, Reliance, Hindustan, ONGC, and IPCL near Panvel are creating a lot of jobs and stimulating the local economy.
Regions Around East Line:
Malad East is preferred by the majority of professionals who work in workplaces in the Andheri-Borivali area. In Malad East, parks are well-kept, and the public transit system is very excellent. In addition, several markets are nearby and accessible on foot.
Well, as a real estate consultant in Pune we have something available for you if your finances and travel options are limited. Although property costs may appear frightening, correctly stated demands will enable you to narrow down your choices to those that are ideal for you and your family.
What are you still holding out for? Put on your research glasses and save the areas you like as we assist you in finding the ideal house for you and your family.