Oct 03, 2018
The property market in the big cities, especially in Mumbai, has become both saturated and prohibitive in terms of the rising prices. For those looking to invest in the metropolitan area, the suburbs make for a far more compelling option. With competitive quality projects, sound infrastructural development and affordable pricing, realty in the suburbs is a good option for those looking to make an investment.
Here are some reasons why investing in property in the suburbs is a rewarding option for homebuyers and investors.
1. Good connectivity: The suburbs of Mumbai offer excellent connectivity across the city via the Western Express Highway and the Eastern Express Highway. The rail connectivity and the proximity to the International Airport are added advantages that ease the commute across various parts of the city.
2. Sound infrastructure: From reputed educational institutions and schools, to world-class hospitals, shopping malls, multiplexes and clubs, the suburbs of Mumbai have developed quickly and impressively to offer the residents a quality of life that is on a par with that of Mumbai.
3. Business districts: As the city has become completely saturated, the suburbs have emerged as the prominent business districts in the area. From leading MNCs to top IT companies, corporate majors have established their presence in these parts. The sound infrastructure, good connectivity and proposed metro rail further aid the development of the area.
4. Affordable prices: The quality of the real estate projects in the suburbs is comparable to that of the best ones in Mumbai. However, the affordable prices as well as the promising growth potential make the suburbs a far more compelling investment option.
5. Investment hub: Suburbs like Chembur, Thane, Kanjurmarg, Malad, Panvel and Goregaon offer promising returns to investors. However, Kanjurmarg offers seamless connectivity to Bandra-Kurla Complex (BKC), Thane and various other prominent business centres in Mumbai, making it one of the top investment hubs in the area.
Looking for the perfect home in the suburbs of Mumbai? Explore 2 & 3 BHK flats in Kanjurmarg West at Runwal Forests, a premium residential project by the Runwal Group.