Buying a property is one of the life achievements that are at the top in every individual’s wish list. And Mumbai is a place where every individual dreams of buying a home.
Previously known as Bombay, Mumbai is one of the costliest metropolitan city in India. Lying on the western coast, city is a group of seven islands in the Arabian Sea that is located off to the northern Konkan coast on the west of Maharashtra and is the financial capital of India.
A huge amount of people migrate to Mumbai to get jobs, start business and pursuit a good career. And many people from across the world come in Mumbai for trying their luck and hence make a successful career, due to which the demand for the residential properties has hiked up in the city. Purchasing a flat or looking for a rental property or even demand for commercial properties in the city is rapidly increasing day by day.
People buy property either to live in or for investment purpose. Investing can be buying a property and renting it out. By accumulating this rent they invest further by buying another property. Also many people buy property, leave it like that for certain years and when the price appreciates, they sell it and hence get good cash flow in hand which they use for further investment. And property investment is best option for investment purpose because within one or two years you will get almost double to triple returns.
Mumbai is the best choice for both the purpose i.e. for residing as well as for property investment. If you invest in property in a proper manner then you can get an excellent return from this city, above your expectations. And in the last few years, housing prices have increased by a good % in Mumbai.
For Bollywood stars, students, bachelors, IT Companies, Banks and many other professionals, this city is the best place and the top choice for residing. The property price rates for commercial and residential sectors are increasing at a fast pace and hence making it one of the hottest place for buying a property for investment or dwelling purpose.
The city has lot to offer in terms of commercial as well as residential properties that include showrooms, bungalows, villas, shops, luxurious flats, affordable houses etc. Therefore Mumbai is the best place for hunting properties. In India, it is considered as one of the well-planned city that helps it residents to enjoy a well-organized connectivity.
It is a good time to buy a property in Mumbai because many reputed and renowned developers of India are developing their numerous exclusive commercial and residential projects in several locations of Mumbai. Some of these renowned developers include India Bulls, Nirmal Lifestyle, Lodha DLF, RNA, Ekta World, Hiranandani etc. In fact, the properties in Mumbai are so much in demand that the realty developers in Mumbai have started building up their projects in the peripheral areas of the city like Virar, Dahisar, Thane and Dombivali.
Also residential properties in Mumbai come integrated with most indulging facilities like reserved parking, security surveillence, squash court, badminton court, emergency and pharmacy service center, 24-hour water supply, full power backup, health care facilities, club house, swimming pool, well equipped gymnasium and many other exclusive amenities.
The most magnificent residential projects in this expensive city includes RNA mirage, Indiabulls Greens, Nirmal Lifestyle City, Lodha Casa Bella Gold, Lodha Aurum Grand, Hiranandani Estate, Hiranandani Heritage etc.
Any individual who wants to buy a property or set up some business in Mumbai, the prime thing that one should focus on is the location. And Mumbai has many such locations such as Andheri, BKC, Chembur, kurla etc. that are best at their locality with top class accessibilities and connectivity around it.
Let’s have a brief about the rise of these places in Mumbai.
For the real estate investors and buyers, Andheri has proven to be fruitful. Considering the west and east side, it is one of the largest area in the city. Attractions like Infinity mall has attracted ample of population to spend more and buy a property in this locality. The area has much other accessibility’s ranging from fine dining restaurants to beautiful visiting spots.
The locality also has lot of residential properties ranging from luxurious to affordable houses that offers options for the variety of property buyers and real estate investors.
Connectivity of Andheri is just immaculately awesome with close proximity to the international airport (Chhatarpati Shivaji International Airport), it also offers services of BEST buses and local trains that provide smooth connectivity to western suburbs of Mumbai. And last but not the least the Metro train in Andheri has great importance and contribution to the real estate of Andheri.
Metro trains are the latest modes of quick transit in Indian cities. It is the fast and most comfortable transit channel for the commuters to reach their work places.
Metro railway’s first link that connects the north eastern part i.e. Ghatkopar with the north western suburb of Versova-Andheri has greatly impacted the real estate properties in the corresponding areas. And soon Andheri will witness more rise in the property prices due to its close proximity to Metro rail.
Some of the residential properties in Andheri, which meets to the demand of different property buyers, include DB Sky Park, Pride Park Royale, Lodha- Supernova, Spenta Plazzio, Raj Grandeur, Siroya World In, Neminath Imperia, Platinum 7, Vasant Oasis, Sangam Veda etc.
Being the vast Locality of Mumbai, Kurla has tremendously emerged over a decade and is surrounded by most famous localities such as BKC (Bandra Kurla Complex), Sion and Ghatkopar.
Located on LBS (Lalbahadur Shastri Road) it has close proximity to the commercial hubs. One can easily catch a train for both Harbour and central railway lines from Kurla station. The area also has a major railway station i.e Lokmanya Tilak Terminus, which serves for several outstation trains and thus helps in long distance journey of the residents. The roads are developed at a fast pace and many infrastructures in the locality has developed immensely.
The real estate property rates in the area has appreciated to a great extent due to the improving infrastructures, and also the under construction metro rail project in which kurla is focused in the phase 1 of the proposed Bandra-Kurla-Mankhurd route, will show a positive impact on the realty sector of area. These developments have attracted lot of builders for making their creational lanmanrks.
The ongoing capital values of the properties in Kurla range from Rs. 10, 000 to Rs. 12,000 per sqft.
Several redevelopment projects in the locality include Pheonix Market City integrated with large retail brands and PVR cinemas, Kohinoor City by Kohinoor Developers etc. It has residential projects by the leading developers of India such as Godrej Properties, Kalpataru Builders, Runwal Group, Neelkanth Builders, and Kohinoor Developers.
Kurla has Galore of residential properties that can serve you as your best purchase for property as well as real estate investment in Mumbai. Some of these include Liv Smart, HDIL Premier Exotica etc.
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.
BKC is located with many affordable, luxurious and ultra-luxurious residential projects that include, Sunteck Signature Island, Serendipity, Sunteck Signia Isles, Shree Naman Residency, Kanakia Paris, TEN BKC, Sunteck Signia Pearl, Raj Galaxy 1 by Rajesh lifeSpaces etc. these properties with top class modern amenities and great infrastructure have attracted numerous individuals to buy their dream home in this locality.
Located on the eastern part of Mumbai, in the last 5 years, Chembur has shown a rapid infrastructural growth. It has close proximity to Central region and the South Western Suburbs of Mumbai. Having excellent connectivity to Santacruz Chembur Link Road, it highly reduces the travel time i.e. almost half the travel time to Mumbai.
The connectivity between Jacob circle and Chembur-Wadala will be further improved by Monorails. And it is soon expected the connectivity of Chembur to Ghatkopar in the Second Metro Phase. In addition to this, it provides a short time commuting to the commercial hubs like BKC and Lowerparel, which are at just a distance of 10 to 12 Kms from the locality.
Seeing all these growth factors of Chembur and its potential for further development, realty experts highly expect the property prices to belong to the upper side of the real estate graph, with an increase of 20-25 % YOY.
To stay connected with Mumbai city, the locality offers ample of options for price sensitive home buyers.
Godrej Serenity, Supreme Epitome, Ruparel Orion, Rite Skyluxe, Eastern Heights, Aaradhya One etc are some residential properties in Chembur that you can opt for your home purchase.
With secure and crystal clear real estate deals, Mumbai has the several locations that are mentioned above, that will serve you beyond your expectations. These localities in Mumbai offers best deals to its customers or end users, in every real estate sector whether it is residential or commercial or industrial or any other sector, by facilitating with transparent and dependable transactions and services.