Top Places For Real Estate Investment That Guarantee High ROI, In & Around Mumbai
The one thing that is on everyone’s list is Buying A Property in the ever-growing city “Mumbai”. Buying a home involves proper financial planning, So if you are planning to buy a property in Mumbai make sure you make the right and smart choice and not a hurried one.
The financial capital of India – Mumbai attracts thousands of migrants daily with the hope of employment and thus the demand for housing is significant that the property rates of Mumbai are sure to increase and nothing else.
Despite the high realty prices that Mumbai is famed for, there are enough opportunities for investment in the coming years. The list of the most favourable areas of investment in Mumbai has mostly featured the suburban localities.
Below mentioned are the top places that guarantee the best return on investment options in and around Mumbai.
The fast connectivity to the eastern and western Mumbai is the USP of Thane. Also, the residential development here has speed up in the last 5 years, due to it’s proximity to suburbs and growth in the industrial and commercial activity. Also direct connectivity to Mumbai, through Mumbai Monorail in the coming decades has led many renowned real estate developers to have their projects in this location, leading to various upcoming projects in Thane. Along with this, daily commuters who travel to extreme ends of the city, prefer buying a property here, due to the affordable ticket prices along with the above-mentioned benefits, making more and more people want to invest in residential projects in Thane. Ghodbunder Road Thane is also preferred for real estate investments due to its proximity to entertainment hubs, hospitals, schools and colleges. The property prices in Thane have appreciated by 2%, so making an investment here is sure to provide you a high return on investment.
Dahisar is in close proximity to areas such as Goregaon, Andheri, Malad and Thane through the Western Express highway. Dahisar also lies in close proximity to several areas in Thane. In this way, it boasts its connectivity to nearby commercial establishments in Thane, which is also contributing to the growth of real estate development here. Adding to this the apartment rates here are reasonable. Considering the advantages of Dahisar, when looking from an investment point of view, it can be a good bet, with several routes being planned to connect the Southern and the Northern part of Mumbai. The property prices in Dahisar have seen an increase of 2% in the recent years.
Kandivali is the suburb falling in the western railway line of Mumbai, The neighbourhood locations include Malad, Thakur complex among others. The Western Express Highway connects Kandivali to the prime locations in Mumbai. With the development of companies, schools and hospitals, Kandivali is pulling more developers to set up their residential projects here. Experts have pointed out that Kandivali is more suitable for businessman and working class who are looking for affordable and reasonable homes in Mumbai. The property prices in Kandivali have seen an increase of 6% in the recent years, which guarantees the investor a high return on investment.
The queen of suburbs, Bandra as it is known, is one of the most popular places in the city. Bandra is among the posh localities in Mumbai. Bandra’s central location makes most parts of the city easily accessible. Also for daily commuters, Bandra is connected to the rest of the city via western and Harbour Railway line. The Bandra Terminus in Bandra East, where trains bound for the northern and western India are scheduled regularly. Public transport such as BEST, auto rickshaws, taxi’s are also easily available. Bandra is also home to most popular celebrities of Bollywood. It also a home to a variety of cafe’s, restaurants and discotheques. This area is forever buzzing with life and is definitely a crowd puller. The property prices here have seen an increase of 6% in the recent years, which is also a reason why people want to make a real estate investment here
Juhu is located towards the South of Andheri. Juhu is one the prime location of the city. The residential rate therein are on the expensive end. Juhu beach is very famous and is flocked by everyone who visits the city. Juhu is the most affluent area in Mumbai and this is also home to some known Bollywood celebrities. Santacruz, Ville Parle and Andheri station are the nearby railway stations which connect Juhu to the rest of Mumbai. The property prices in Juhu have increased by 0.2% in the recent years.
So, if you are planning to make a Real Estate Investment in and around Mumbai, you should opt for the above-mentioned Locations as they are sure to provide you with High Return on Investment.