Why invest In Mumbai?

Real estate in Mumbai is always a hot topic! Whether it is to discuss the incredible soaring prices of property, to lament the high rent and deposit amounts, or discover the newest investment opportunities, this mega metropolis is always under the radar of the real estate sector.

Despite the high realty prices that the city is famed for, there are ample opportunities for investment in the coming years. Not surprisingly, the list of favourable areas for investment in the city mostly features suburban localities. However, owing to city-wide redevelopment schemes, there are now more opportunities to invest in the traditionally expensive parts of the city as well.

Here are reasons why you should consider buying or investing in properties in Mumbai:

1) High ROI in the near future

Mumbai features at the top in the list of favourable investment destinations in the country, because of the scope for high ROI many of its localities offer. Areas like Goregaon (East), Chembur East, Vile Parle (East) & Bandra (East) have seen around 20% ROI in the last financial year. Thane and Navi Mumbai are also popular with investors looking for affordable investment options, with the promise of high returns.

2) City-wide Infrastructure Initiatives

Wadala is a prime example of a locality in which growth of real estate is being driven primarily by multiple infrastructure projects, mainly the Chembur-Wadala monorail, and the Eastern Freeway. Due to its proximity to the Bandra-Kurla Complex (BKC), and fast and easy connectivity to other commercial areas in the city, the prices of property in Wadala have almost doubled in the last 3 years.

Some of the other affordable areas poised to become profitable due to much-needed infrastructure initiatives are Chembur, Mulund, and Ghodbunder Road in Thane.

3) Redevelopment schemes leading to affordable housing

With an increase in demand in residential property, but low land supply, developers are increasingly undertaking redevelopment projects. This is most evident in Bandra East. While property in Bandra West has always been in great demand because of the elite lifestyle, great connectivity and social infrastructure it offers, it now suffers from traffic congestion, and low supply of land. The large population that works in the BKC demands residences that are not more than a half an hour’s travel away; and Bandra East is where it’s flocking to now.

Thus you see, flats in Goregaon East, Andheri, Juhu and Wadala are the safest bets for you to purchase a house if you are planning to struggle to be a part of the glamorous industry.

Buying a residential property in Mumbai is absolutely worth it, irrespective of which area you choose. Just ensure it provides all the amenities that one needs to live a relaxed life.

The Locations That Matter For The Home Buyers In Mumbai

Mumbai is the most populous city and the engine that drives the economics of the country. Since it has so many things to offer, there is always an influx of people who come to the city. With a population of over 20 million people, the city is goldmine of opportunities. Naturally, there is a need for more and more real estate. We’ll tell you which locations are in hot demand when it comes to the buyers of real estate in and around Mumbai. 

Thane: Thane is one of the major cities that surround Mumbai. It is known as the city of lakes and is seeing a surge in real estate buyers. Due to its proximity to Mumbai, travelling is comfortable due to the network of rail and road. The city has something to offer for everyone, it was generally considered a place of affordable housing but has now expanded in the luxury segment as well. Thane is surrounded by three main highways, namely, NH-4, NH-3 and Eastern Express Highway. The Ghodbunder Road is central to its success story. Since it is easily connected to business centers like Powai and Bandra-Kurla complex it has become an attractive investment destination.

Kharghar: When it comes to a town which has risen steadily in the eyes of the people, Kharghar has to be at the top. The fact that it is very near to the Navi Mumbai International Airport gives it an added advantage when it comes to attracting investors. Other infrastructure improvements like skywalks and proposed golf course have added sheen to the town.

Mira Road: It is the fastest growing suburb in the western region. In a way, it is centrally located and travelling to Mumbai, Thane and Navi Mumbai is well within reach. People who prefer affordable housing are making a beeline for this place.

Navi Mumbai: Navi Mumbai is one of those locations which are in hot demand right now. Since the western suburbs are getting a bit congested, people are looking at Navi Mumbai as an alternative. Areas like Belapur and Nerul are in hot demand at the moment.

Chembur East: The Harbour line has always got a bad rep due to the inefficiency of rail network, but with improvements in recent years many have benefitted. Chembur is one such suburb. With the opening of the Eastern Express Highway, the travel time to South Mumbai has reduced drastically. The elevated road (Santacruz Chembur Link Road) is set to reduce traffic between Chembur and Santacruz considerably. The biggest reason for this residential demand is the connectivity.

Goregaon: Like many other suburbs, this too was a haven for middle income families. But, with developments and improvements on the connectivity front and major realtors like the Jaycee Homes having their projects in the area, flats in Goregaon East have seen a tremendous rise in interested buyers.

Andheri: Andheri has with each passing year made big gains when it came to popularity in terms of residential choices. Andheri already boasts of SEEPZ and MIDC which are major commercial centres. Also Andheri is close to Powai which is fast becoming a startup hub. When it comes to lifestyle, Andheri offers as good an option as any suburb. And, this is exactly why it is considered the best option when it comes to buying flats in Mumbai.

Apartment in Goregaon? Here’s why you should consider buying!

If you looking for a new home, it makes sense not to look beyond flats in Goregaon east in the city. With the price of property in Goregaon stabilizing over the past few years, the city’s real estate market has seen a measured revival. The cost of an apartment in Goregaon hasn’t changed much in the past five years and if current market trends are anything to go by; won’t change in the foreseeable future.

Why would you buy property in Goregaon though? What purpose does an apartment in Goregaon serve? The answer is multi-pronged. Property in Goregaon would not be a hard sell though, it is known for providing an incredible, value filled life to anyone who chooses the suburb as their residence. With its lush green gardens, open fields, pristine malls and well developed roads, it is slowly turning into the residential hub of choice for most Mumbaikars.

Goregaon is well connected to the mainland city via the Western Express Highway and the Swami Vivekanand road that runs from north to south. The Goregaon bus depot is one of the largest in the city and has services that run well into the night, providing a cheap, effective commute for millions of Mumbaikars. The suburban train station in Goregaon is used by huge numbers of people to commute to and from mainland Mumbai city.

The malls in the vicinity – Oberoi Mall, Hub Mall, Inorbit and Infiniti – 2 offer an incredible selection of brands to choose from, and allow shoppers to have an almost international shopping experience within the vicinity of their homes. The malls also feature some international heavyweight chains such as Starbucks that have opened stores to cater to the ever expanding urban culture in India.

Another benefit of buying an apartment in Goregaon is the abundance of hypermarkets in the vicinity. With increasing globalization and opening of the Indian markets by subsequent governments hypermarket chains are opening up across the country. The residents of Goregaon have access to the best international foods, produce and products at these huge stores.

For the nature lovers, Goregaon offers the incredibly tranquil views that are only possible at Aarey Milk Colony. With its abundant green fields and hills, Aarey Milk Colony allows residents with a green thumb to pursue their passion and bask in the glory of nature. Nearby, the Goregaon Film City lets movie fanatics experience the best of Bollywood and on rare occasions partake in the film making experience.

Goregaon is also fairly stable in terms of property pricing and with an abundance of schooling and college options to choose from, is easily a very good choice for working professionals and those with slightly larger families. Even if just an investment, the suburb should provide a decent return, especially in the real estate sector.