Mumbai is becoming the center of real estate development and one of the factors behind it is that the city is considered the financial capital of the country. Besides, Mumbai is one of the most expensive cities as far as the real estate prices are concerned. Apartments in Mumbai have different rates of price depending upon what the demand of the location is in the market. Recent statistics show that most of the house hunters are in search of 1 BHK flat in Mumbai. In the past few years, Mumbai has seen a lot of development which has spread their wings not only in Mumbai but also on the other suburbs of Thane and Navi Mumbai.
Mumbai has a lot of property types to offer to range from luxury villas, duplex flats in Mumbai to affordable housing keeping in mind, all sorts of necessary amenities, the real estate sector in Mumbai has a wide bouquet to offer for every kind of homebuyer and investor. In other words,the real estate sector in Mumbai is on a rise and are a good sector for investments and is giving a good ROI.
In this article, we have collated thetop locations in Mumbai which will give the investors a good return on investment if you are thinking of putting in your hard-earned money in real estate here.
- Thane: Thane enjoys great connectivity from Navi Mumbai and especially, the Mumbai Thane Expressway via Godhbunder road, JVLR,Eastern Freeway, SCLR, Thane-Belapur Road and Mumbai-Nashik Highway. Thane has not only a good transportation network through trains through the Central-Harbour, Central Railways and Thane-Panvel Line. Thane has lot of land parcels. Besides, Thane is rich in scenic beauties like the Yeoor Mountains. Therefore, investment in Thane is now considered a wise option.
- Andheri: Properties in Andheri seem to be the best to purchase or rent as Andheri is the headquarters for most of the corporate offices in Mumbai. North and South of Andheri,for the past few years seem to have witnesses a huge surge for residential properties. Investment for real estate in Andheri seems to be on a high demand and is very profitable at the same time.
- Powai: Kanjurmarg, in Powai is a located in east central Mumbai and is a small suburb. Kanjurmarg is rapidly developing into a business sector due to the flourishing IIT Bombay, NITIE, KV Powai, Hiranandani Gardens in Powai. Powai also enjoys good connectivity and therefore is accessible to the corporate offices of Vikhroli, Seepz IT campuses of Airoli and Mahape. Kanjurmarg also happens to be the connecting point for the Jogeshwari Vikhroli Link Road which is popularly known as JVLR and itjoins the Eastern and Western Express Highways. Due to very well- thought connectivity to all the industrial hubs, investment in this area will always be profitable.
These areas also enjoy upscale facilities like schools, colleges and hospitals. The upcoming metro project is also a feather in the cap. Therefore, to get a high ROI, it is prudent to invest in good projects in these areas.