Top places to invest in property in Mumbai


Mumbai, the financial capital of the country and often referred to as the city of dreams, is among the best real estate destinations in India. Robust infrastructure, vibrant nightlife, and multitude of employment opportunities due to the presence of leading multinational firms make Mumbai an investor’s delight. The buyer-friendly schemes such as RERA have given a further impetus to the real estate market in the city. Builders are coming up with new projects in Mumbai and residential projects in Goregaon. Here we have listed a few areas where you should invest in property in the city.

South Mumbai
South Mumbai is an affluent region in Mumbai and is home to some of the best educational institutes and hospitals of India. It is amongst the most expensive real estate markets in India as well as the world. NRIs and the affluent prefer buying flats in South Mumbai for a number of reasons such as its amazing nightlife and serene environment. The region is a hit among people from all walks of life because of the presence of numerous restaurants like Farzi Cafe, Soda Bottle Openerwala, The Irish House, to name a few. The region is well connected to the other parts of Mumbai through public transport, Bandra Worli Sea Link, the Eastern Freeway and the Mumbai Metro.

Bandra
Bandra is another prime region in Mumbai and is considered as the most happening localities in the city. Overlooking the Arabian Sea, the flats and apartments provide stunning views of the surroundings. The serene and pollution-free surroundings make Bandra a prime residential destination. Bandra is also fast emerging as a corporate hub as many companies are setting up their base in the Bandra Kurla Complex.

Lower Parel
Lower Parel is home to many multinational as well as domestic companies. Thus, buying property in Lower Parel will get you high returns on investment. Bandra is surrounded by other affluent localities and corporate hubs such as Worli and Nariman Point. Good connectivity, robust social infrastructure and having a home close to the working places are just a few reasons why Lower Parel is among the best destinations to invest in Mumbai.

Over the years, the prices of apartments in Mumbai have witnessed a steep hike. Though Mumbai is still the preferred real estate destination for majority of the people, but the suburbs are fast emerging as realty hotspots. Several areas such as Goregaon are attracting investors who are buying luxury apartments in Goregaon. In the times to come the property prices in Mumbai and the neighbouring areas will further increase.

Comments

Post a Comment

Popular posts from this blog

Housing Sales Rise By 14% In January-March

Image
The first quarter of 2023 has been an interesting one for real estate, pan-India. For the first time since the Pandemic years, the industry has seen an increase in the year-on-year growth of 50% in residential real estate. Recent studies conducted on the housing sales rise presented that property in Mumbai and Pune contributed to approximately 50% of the overall nationwide sales of residential real estate in 2022. So why may that be so? We’re looking into the various factors that have contributed to the housing sales rise for this first quarter of 2023. To evaluate the various reasons, it would be insincere to paint all the sales with the same brush, so we must first categorise the sales into various sub-segments of residential real estate, based on the price brackets and the subsequent influential factors. Under 1 CR : Affordable housing has not fared as successfully as mid and high-end units, for reasons we will address, however, that is not to say affordable housing was left untouch...
Read more

Best Tips To Buy Your Home Post Pandemic

Image
  By now, most of us have acclimatized ourselves fully to a new way of living, which includes working from home and exercising at home instead of stepping out for the gym or office. With that in perspective, how have things shaped up in home-buying after the pandemic? Indeed, the home buying process is not immune to the changes brought in by the pandemic. It is set to transform how buyers search and purchase their homes in the future, be it for residence or investment. If you are thinking of making this important purchase post-pandemic, here are some tips that will help you in the process: Decide if You’re Ready Don’t make the pandemic and the possibility of getting a good bargain the sole reason for buying a home now. There are a lot of other, more important, factors to consider, such as your financial standing, career goals, and location. These factors will determine the type of home you buy, where you buy, and whether you are ready to take the leap from renting to paying regular...
Read more

2023- Design Trends That Have Been Shaped By Our Experiences!

Image
  At the risk of reminding you of a trying time, a period of our new decade that we would much rather forget, it would be impossible to look at the design trends of 2023 without looking back at what we’ve come out of- 2 years of lockdowns and uncertainty. With the advent of  Work from Home culture  that was enforced across the globe, we found a way to fulfil our professional duties from the confines of our four walls, and nobody was exempt. So as we lean towards understanding the greater values our homes have offered us, we have also begun adapting our mindset to creating more efficiency in our interior styling and design. So let’s look at some of the key trends proposed by experts for 2023. Minimalism Is Taking A Break: Not entirely of course, minimalism serves a great purpose in offering a neutral canvas to keep adapting and adjusting at a lower cost, and minimalism will never truly be outdated but some aspects of minimalist interior design definitely will. Stark whites...
Read more