Mumbai ranks high when it comes to quality of life, the standard of living, and career growth. The financial capital of India also has a burgeoning real Estate potential and presents investment options for it. With the Mumbai real estate going through a phase of massive and rapid changes, the sector is set to experience increased demand in residential, office, and retail investments.
The real estate prices and costs of residential property in Mumbai have already crossed INR 10,000 per sq. ft. However, how wise is it to invest in the real estate market in Mumbai, which happens to be one of the most expensive cities?
Read on to find out.
Mumbai – a Lucrative Real Estate Market
Mumbai, one of the costliest cities in India is considered as a bankable choice when it comes to real estate investment. The current year is one of the best times to buy residential property in Mumbai with the city witnessing increased affordability and lower entry prices in some areas.
Thus, despite the lack of open spaces and traffic jams, investing in a property in Mumbai is a wise decision because of the rapid decline in unsold residential inventory in the city.
Why Should You Invest in Mumbai Real Estate?
1. Mumbai has always been popular among real estate developers, and it is easy to see why.
2. The fast developing infrastructure with modern amenities make Mumbai and its real estate lucrative.
3. There are a generous number of property options available to pick from in Mumbai, Navi Mumbai, Greater Mumbai, and Thane.
4. Great offers, good deals, and huge discounts by the builders because of the piling unsold properties.
5. Introduction of metro railways, wider highways, better roads, and world-class infrastructures make Mumbai an attractive option to buyers.
6. India Apartment Index indicates the majority of Mumbai localities to witness a price rise in the future and thus it is prudent to invest in Mumbai real estate now.
Promising Localities in Mumbai
While some areas of Mumbai are beyond the budget of small-term investors, there are neighboring regions that promise a decent standard of living and these are affordable for both buyers and investors.
For example, Panvel and Jogeshwari East in Navi Mumbai are considered a profitable option at present. Kamothe, Karanjade, Ulwe, and Dronagiri offer hopes of substantial capital appreciation in the coming years. Investing in a property in Goregaon West and Wadala also promise handsome returns.
Real estate in Mumbai is a fruitful investment, provided you know where and when to invest. As a smart investor, you should be aware that specific areas with the introduction of Mumbai Metro by 2021 are going to become expensive. It is essential to understand the real estate market thoroughly to make the right choice.
The real estate prices and costs of residential property in Mumbai have already crossed INR 10,000 per sq. ft. However, how wise is it to invest in the real estate market in Mumbai, which happens to be one of the most expensive cities?
Read on to find out.
Mumbai – a Lucrative Real Estate Market
Mumbai, one of the costliest cities in India is considered as a bankable choice when it comes to real estate investment. The current year is one of the best times to buy residential property in Mumbai with the city witnessing increased affordability and lower entry prices in some areas.
Thus, despite the lack of open spaces and traffic jams, investing in a property in Mumbai is a wise decision because of the rapid decline in unsold residential inventory in the city.
Why Should You Invest in Mumbai Real Estate?
1. Mumbai has always been popular among real estate developers, and it is easy to see why.
2. The fast developing infrastructure with modern amenities make Mumbai and its real estate lucrative.
3. There are a generous number of property options available to pick from in Mumbai, Navi Mumbai, Greater Mumbai, and Thane.
4. Great offers, good deals, and huge discounts by the builders because of the piling unsold properties.
5. Introduction of metro railways, wider highways, better roads, and world-class infrastructures make Mumbai an attractive option to buyers.
6. India Apartment Index indicates the majority of Mumbai localities to witness a price rise in the future and thus it is prudent to invest in Mumbai real estate now.
Promising Localities in Mumbai
While some areas of Mumbai are beyond the budget of small-term investors, there are neighboring regions that promise a decent standard of living and these are affordable for both buyers and investors.
For example, Panvel and Jogeshwari East in Navi Mumbai are considered a profitable option at present. Kamothe, Karanjade, Ulwe, and Dronagiri offer hopes of substantial capital appreciation in the coming years. Investing in a property in Goregaon West and Wadala also promise handsome returns.
Real estate in Mumbai is a fruitful investment, provided you know where and when to invest. As a smart investor, you should be aware that specific areas with the introduction of Mumbai Metro by 2021 are going to become expensive. It is essential to understand the real estate market thoroughly to make the right choice.
