Is a new home in Mumbai right for you? 4 key parameters to review


Mumbai is truly the city of dreams, with many people coming from around the world to get a sense of what the city offers. It’s a haven for all possibilities, opening many avenues to travellers and residents. Many of the top developers in the country, such as Jayvardhan Goenka, have designed memorable experiences for the residents here, including high risers with luxury amenities.

For many, it’s still one of the top desirable real estate markets. Many homebuyers look at Mumbai’s diversity in home ownership opportunities, to introduce a renewed sense of consumer confidence. The sprawling nightlife of the city, coupled with its booming local economy, have added to the overall draw from a real estate perspective.

1. Location is key

When finding the right place to buy a new home in Mumbai, it’s important to consider location as a preliminary parameter. The right location will help you develop the right investment strategy around the area. Proximity is a key factor that plays a significant role as well. The closer your workspace is to your home, the better.

Suburbs with a lot of footfalls are ripe for higher valued homes, while areas that are on the east side of the city may be perfectly positioned. Within certain suburbs, you may find disparity in pricing as well. Mumbai’s home to many different projects that offer different benefits to buyers.

2. Opting for the right project

The right project designed by leading developers, including JayGoenka, offer a myriad of benefits to home buyers. These benefits may be extended to quality of life enhancement, a greater comfort level when living in Mumbai, and a strong community that is supportive and welcoming. These may be strong intangibles that add to the overall draw to the city. A new home in the city may be the perfect idea when you find the right project to invest in.

3. Living in Mumbai long-term

When looking for houses in the city, it’s important to think about this critical factor. It’s ideal to find a home that fits in well with your long-term goals. If you want to live in the city long-term, then you need to find the right property that delivers on key goals.

Homes that have better amenities, facilities and greater attention to details, will become increasingly more desirable in the market. For buyers that want to move to the city for the first time, it’s good to connect with the locals here and understand the property market prior.

4. Optimizing on storage and floor spacing

When it comes to living in Mumbai, it’s important to find houses that allow for maximum space and floor utilization. Homes that are designed to take into account various dĂ©cor, furniture and fittings perform better over longer periods of time. You can also store a lot of your belongings in strategically designed lofts and carry areas.  

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