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.
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