Planning to invest in the city? Mumbai real estate has a personality of its own. It is best if you know the market thoroughly to avoid going wrong with your hard earned money. Mumbai, being the financial capital of India, continues to attract thousands daily, with hopes of employment opportunities, thus, demand for affordable housing is significant enough a sign to show that property prices herein Mumbai are here to increase & nothing else. Mumbai holds certain places which may render skyrocketing returns in the near future.
Here are those top 5 places in Mumbai that guarantee best returns.
BKC with its phenomenal growth has contributed to the real of Bandra and hence made it the heart of Mumbai for real estate investors. A large number of corporate houses are relocating to BKC. India’s largest Diamond market and many consulates are moving here. With the rising dynamics, people are looking for the houses in the locality that will take just take 30 minutes or less for them to reach home from their work place i.e. BKC . BKC has close proximity to areas like Kurla, Bandra, Sion etc. and acts as the most promising commercial hub for the Mumbaikars. One can easily travel to kurla station from the MTNL junction in BKC, in 16 minutes by car, and 24 minutes by bus.
One of the western suburbs of Mumbai, Goregaon has lately emerged as a hotspot for real estate investments. Initially, the suburb was preferred by middle-class families as the area hosted some of the renowned educational institutes in its vicinity. But today, Goregaon is plush with shopping malls, entertainment avenues and renowned food-chain outlets. Owing to its proximity to Mumbai’s posh localities, such as Powai and Andheri, Goregaon has become the focus of high-end property developers and home-buyers.
Jogeshwari East offers a perfect blend of residential, commercial and retail developments. Jogeshwari Vikhroli Link Road has gained an impressive popularity as it is now considered as one of the prime reasons of Mumbai. The popularity of JVLR has seen a steady increase as it houses several reputed company offices and production houses, including studios like those of Balaji Tele films, Sony Entertainment, Sahara TV and NDTV. Jogeshwari East also enjoys good connectivity to all major areas across Mumbai.
Interestingly, the upscale locale of JVLR is now graced by a swanky, new residential project – Avant Heritage. This brand new real estate icon is a 3 tower, 23-storey development. It is the newest addition to Andheri East’s luxury property segment and its close proximity to the Western Express Highway make it a fine investment project. Featuring 1, 2, 3 & 4 BHK luxury duplex apartments, these homes have been constructed for the affluent few. Homes at Avant Heritage are automated, with interiors that are a blend of extravagance, comfort, and convenience. The project offers you modern amenities such as Video door phone, Intercom, High Speed Passenger and Stretcher Elevators, 24×7 Power back up for common area, essential services as well as an unobstructed lush green view of the Aarey Colony.
Central Mumbai comprises areas like Mulund East & West, Bhandup East & West, Ghatkopar East & West, Powai, Sion, Vikhroli and Kanjurmarg. This area is one of the most sought-after destinations for residential properties as it is linked to several suburban areas in the central parts of the city. Close proximity to schools, colleges, leading hospitals and malls is one of the many reasons why people want to settle here.
Vikhroli offers an easy access to every single city of Maharashtra through the roads, which runs through it. The highlight of this location is the close proximity the Eastern Express Highway, which links it to Dadar, Thane, Vashi, and Chembur. It is well linked by the L.B.S. Marg in its west, which further links it to Jogeshwari, Bandra, and various other western suburbs. Vikhroli has been witnessing a rise in demand for the small sized homes. The manifestation of a number of retail outlets and offices in the locality has resulted in high demand for the 1, 2 & 3 BHK apartments segment.
As these locations are backed by affordability, infrastructure projects, and commercial opportunities, it will be no surprise that they will see an increased demand with a parallel hike in property prices. It is now the right time to invest in these hotspots as these will surely yield you good capital returns.