Planning to buy or invest in the real estate market in Mumbai? The real estate market of Mumbai is popular as one of the most expensive markets in the world. From luxury villas, luxury apartments, duplex flats in Mumbai to affordable housing, the real estate sector in Mumbai has something for every kind of homebuyer and investor. Residential projects in Mumbai are on a rise and are a good sector for investments.
Here we have listed the 4 top locations in Mumbai which can give you a good return on investment if you own or invest in real estate here.
Thane houses a lot of residential projects by many popular real estate developers in Mumbai. Property in thane is in high demand. Thane has good connectivity to Navi Mumbai and other parts of Mumbai via Godhbunder road, Eastern Freeway, JVLR, SCLR, Thane-Belapur Road and Mumbai-Nashik Highway. Thane is connected through trains via the Central Railways, Central-Harbour, and Thane-Panvel Line. Thane is also still covered with a lot of land space and natural landscapes like the Yeoor Hills. Along with this, there is good infrastructure in Thane and facilities like hospitals, schools, shopping malls, famous restaurants; you can find all of these in Thane very easily.
The feather on the cap is the upcoming Wadala to Kasarvdavali Metro Line 4. This has connected Thane to the whole of Mumbai. The homebuyers now prefer flats in Thane that are nearby the metro line.
For home buyers who want to invest in affordable housing, Panvel tops the list. Especially after the announcement of the upcoming international airport, Panvel is the most preferred location for investments. This has given rise to the demand for real estate investments in the properties in Panvel. The residential projects in Panvel have a land of more than 350 acres by CIDCO. Also due to Panvel’s proximity to JNPT, it is slowly becoming a commercial hub too. Panvel has huge natural landscapes which can make you feel close to nature unlike other cities in Mumbai. Because of this natural cover, there is less pollution there too making it an ideal choice for buyers to buy property in Panvel.
Panvel has good connectivity to both central as well as western lines. Panvel is also the gateway to other parts of the country like the Konkan region. It is also connected through the Mumbai-Pune Expressway and the Sion-Panvel Expressway. Flats in Panvel are available at affordable prices as the Panvel to Vashi Metro Line is in the works.
Lower Parel is the social hub of Mumbai. From top restaurants to clubs to shopping malls, it is a lively locality to live in. Major business houses in India have their offices in Lower Parel making it a sought after option for home buyers as they can get a house which is nearby their workplace. This prime location in Mumbai is a commercial hub and has some top class facilities.
Lower Parel also houses some luxury apartments in Mumbai. Lower Parel is easily connected by both Central and Western railways and by road. Lower Parel is also connected to other elite areas like Worli, Mahalakshmi and Nariman Point. Mumbai International Airport is just a 20-minute drive from Lower Parel.
Worli lies between the commercial districts of BKC and Nariman point and hence give good connectivity to both. Sea-facing luxury homes/duplex flats in Mumbai are in high demand and you can find a huge chunk of it in Worli. Flats in Worli now have addresses as the Avant-Garde luxury homes in Mumbai. These advantages of Worli have attracted a lot of real estate builders in Mumbai to cash in with building luxury projects here. Worli is the prime definition of what a luxurious and an upmarket locality should look like resided by affluent people.
These top 4 locations in have some good property sites in Mumbai. These sites have many upsides than downsides for investment and are sure to give you a high ROI if you think of investing here.