With the air of uncertainty that surrounded the property buyers of Mumbai most likely to clear off in the coming weeks, one can expect a mad rush to pick out the unsold apartments in the city. With so many options available, both under construction and completed, many are looking for advice on who should invest where for the best ROI (Return on Investment) possible.
The following localities have been shortlisted as good spots in Mumbai Real Estate for investment based on factors like demand, growth prospects and current price point.
Chembur
The central suburb region is one of the major spots for property investment and Chembur hogs the limelight here. The location, as the name suggests is bang right in the middle between Mumbai and Navi Mumbai making it the most lucrative of all the suburbs to invest in right now. If you manage to choose a place that is close to the Eastern and the Western Expressways, commute to and away from the city will never be an issue anymore. With loads of amenities and excellent infrastructure expect a minimum of 15% appreciation in value annually! Prices start at Rs. 16000 a sq ft.
Mulund
Situated right in the cusp of Thane and Navi Mumbai, Mulund is one of the better planned suburbs of Mumbai. It is also one of the rare suburbs in the country that has equally good commercialization of the property market as much as it has been shared for residential purposes. Relatively large projects can be found in Mulund and the infrastructure makes it a costly affair with prices going up to Rs 18,000 a square feet! Expect good appreciation in rates though with the airport coming up soon.
Kanjumarg
Moving away from the suburbs and into the heart of the city, Kanjumarg is the locality to watch out for when the fence sitters start punching the sack! It boasts of a prime location that gives easy access to all forms of transport, even the port, though many would not need it. But with industries in place, your property could very well be the golden fruit for some investor in the future making any investment in this region worth its weight in gold or even more!
Wadala
This area requires no introduction to Mumbaites or otherwise! Located bang in the center of the city, it attracts investors and home buyers like none other. The presence of educational institutions makes it a lucrative deal for families. One can also think of the prospect of renting out the place to the student community or to working professionals in the area. The inflation in land cost is also always on the higher side being the center of the city. Prices start at 19k and can go as far as 22k depending on the New projects in Mumbai and its amenities.
Bandra
Bandra does not need an explanation as to why it should be your investment. However, the eternal traffic jams and messy congestion during the monsoon might put off many! Appreciation can be however at the highest in all of MMR at over 100% perennially. Good luck finding Mumbai apartments though!
The following localities have been shortlisted as good spots in Mumbai Real Estate for investment based on factors like demand, growth prospects and current price point.
Chembur
The central suburb region is one of the major spots for property investment and Chembur hogs the limelight here. The location, as the name suggests is bang right in the middle between Mumbai and Navi Mumbai making it the most lucrative of all the suburbs to invest in right now. If you manage to choose a place that is close to the Eastern and the Western Expressways, commute to and away from the city will never be an issue anymore. With loads of amenities and excellent infrastructure expect a minimum of 15% appreciation in value annually! Prices start at Rs. 16000 a sq ft.
Mulund
Situated right in the cusp of Thane and Navi Mumbai, Mulund is one of the better planned suburbs of Mumbai. It is also one of the rare suburbs in the country that has equally good commercialization of the property market as much as it has been shared for residential purposes. Relatively large projects can be found in Mulund and the infrastructure makes it a costly affair with prices going up to Rs 18,000 a square feet! Expect good appreciation in rates though with the airport coming up soon.
Kanjumarg
Moving away from the suburbs and into the heart of the city, Kanjumarg is the locality to watch out for when the fence sitters start punching the sack! It boasts of a prime location that gives easy access to all forms of transport, even the port, though many would not need it. But with industries in place, your property could very well be the golden fruit for some investor in the future making any investment in this region worth its weight in gold or even more!
Wadala
This area requires no introduction to Mumbaites or otherwise! Located bang in the center of the city, it attracts investors and home buyers like none other. The presence of educational institutions makes it a lucrative deal for families. One can also think of the prospect of renting out the place to the student community or to working professionals in the area. The inflation in land cost is also always on the higher side being the center of the city. Prices start at 19k and can go as far as 22k depending on the New projects in Mumbai and its amenities.
Bandra
Bandra does not need an explanation as to why it should be your investment. However, the eternal traffic jams and messy congestion during the monsoon might put off many! Appreciation can be however at the highest in all of MMR at over 100% perennially. Good luck finding Mumbai apartments though!
No comments:
Post a Comment