Well, Mumbai real estate has a character of its own and is the best if you know the market throughout to avoid going wrong with your hard earned money. Now if you’re looking for property in Mumbai, you need to know the areas that provide you with excellent returns on investment (ROI).
Moreover, we all know that Mumbai is amongst the most expensive realty makers in India and therefore, it gives fewer opportunities to small-term investors to fulfill their property dreams. Further, there are several areas in the Eastern suburbs with upcoming projects which still not appealed investors due to its high price.
Now, according to data the prices in the Eastern suburbs have already touched Rs 10,000 per square ft; however, in the regions of Navi Mumbai has successfully captured the interest of home buyers. After seeing the current market scenario, the major focus of the top builders in Mumbai is to make a low budget, and they’re well-planned flats as the rates of the property are increasing exponentially.
To have a smarter approach towards property investments in Mumbai, it is necessary to know which is the best place to invest in. However searching for houses for rent near me can help a bit. Here’s we have mentioned the best location to buy a house in Mumbai.
Andheri is the hub for most of the corporate offices; therefore, it’s easy to find flats or apartments easily. Now, there are two zones in Andheri which seem to have a high demand for residential properties. The best part is investing in real estate in Andheri seems to be on a boom and is profitable at the same time.
2. Mira Road
If you’re among the buyers who are looking for relatively affordable housing, then you might look for the Mira Road-Bhayander. As Mira Road is also comparatively less populated; therefore, the apartments offered in Mira Road is a good value for money and does have easy connectivity.
Prices offered in this area, has all the necessary amenities, ranging between Rs. 6,000 to Rs 8,000per square ft. Mira Road once comes under a gram panchayat; however, it goes under a rapid transformation with its accessibility to the city center via the Western Express Highway.
Badlapur is situated near Thane and is fast coming up as a preferred area for property buyers. It is located near the forthcoming Panvel-Badlapur highway and is a convenient spot to own an apartment. You can find 1BHK apartments beginning at Rs 22 lakhs.
The prices in Badlapur is quite affordable and is starting with Rs2,600 to Rs 3,600 per square ft range. Apart from all the excellent amenities like schools, hospitals as well as parks, Badlapur is close enough to beautiful picnic spots like Kondeshwar and Chikhloli Dam.
Navi Mumbai is an area that comes with a demand for both affordable as well as luxury housing options. Areas like Vashi, Chembur, as well as Panvel comes with skyrocket housing prices; however, in recent times towns like Ulwe are rising stars. Undoubtedly, Ulwe offers a plethora of budget housing options for middle-class families.
Thane is considered to be one of the busiest suburbs of Mumbai. It has the most increasing IT departments which makes it a commercial hub. Builders like Lodha, Hiranandani, Rustomjee and many more. Properties in Thane starts from Rs 75 lacs onwards and can range up to 1.5 crores.
Malad is one of the sparkling spots in Mumbai which offers simplified living as well as includes good infrastructure, amenities as well as connectivity support. You can find a lot of residential options in the area for all types of home-buyers.
Moreover, the house in Malad are minutes away from the large corporate park- Mind-space which keeps your professional life motivated and unexhausted. It is a dream of millions of people to have a home next to their office. The best part is you can find an affordable and good connection to South-Mumbai through Western Railway to either side of Malad.
Wadala is snuggled between the South Mumbai and the suburbs where you can enjoy the strong connectivity to most of the parts of the Mumbai by train and bus both. Wadala Road railway networks connect you with Andheri, Panvel as well as CST easily and quickly.
Undoubtedly, it is considered to have the most planned infrastructure developments as well as large residential projects. Now, if you’re an investor, then Wadala is the one which has excellent investment opportunities.
The Final Verdict
Buying a property in Mumbai is quite expensive. So, before purchasing any flat or a house in Mumbai you need to keep in mind your requirements. Choose wisely so that you don’t need to face any further issues. Refer this list If you are looking for 2 bhk flat in mumbai.
The areas which we have mentioned here are the best location for real estate investments in Mumbai. Now, the last decision is yours so make sure you have researched the area accordingly.
Still can’t find the house in Mumbai? Do comment below we’ll try to help you out with every possible solution!