By Runwal Group Posted Jun 10, 2019 In Property investment
Mumbai is one of the most desirable cities in the country. Owning a property in the dream city is also dream-like. Most of the posh areas in the city come with a heavy price on its properties. However, the ones worth investing right now fall more in the micro level. The advantage of investing at a micro level is, such locations come with reasonable prices and investors could expect good returns.
Buyers have also shifted their focus from premium properties to the affordable and mid-priced segments. They are now taking in-depth research like visiting property sites several times and quality before buying. The major factors that drives the credibility of any developer is the right-sized house, good price and location. Homebuyers now insist on these three factors the most..
Because of these reasons, there are several pockets across big cities and metros that have proven to be the investment hotspots in Mumbai.
Navi Mumbai is a satellite town of Mumbai which is blessed with good infrastructure and easy accessibility. The location has also been witnessing a shift in buyer interest from posh to affordable. This has also brought down the prices in posh areas like Palm Beach Road. Moreover, Navi Mumbai also offers lower cost operations because of which, a large number of IT companies have been shifting to places like Vashi and Airoli in Navi Mumbai. Speedy connectivity to Mumbai through the JNPT Road is another attraction.
Kanjurmarg is the new address of modern Mumbai, thriving in the east central suburb of the city. This fast developing business district offers quick connectivity to some of the most important destinations. After the construction of the proposed Metro Lines, it will offer better connectivity to SEEPZ, BKC and more. Kanjurmarg is also a retreat from the hustle-bustle of Mumbai and yet it offers every convenience within walking distance. The area has also witnessed a growth rate of 45.4% in the property prices over the last one year (https://www.makaan.com/price-trends/property-rates-for-buy-in-kanjurmarg-mumbai-50013).
Thane has emerged as a preferred destination for home buyers. Now a metropolis, the location is flourishing with excellent infrastructure. In the year 2017, around 18% of the total housing launches in the Mumbai metropolitan region happened in Thane. With Thane turning into a commercial hub, the job opportunity is also attracting buyers to this area. In conclusion, a major shift in the buying behavior of home buyers have been noticed in terms of pricing. Big developers are also shifting towards the aforementioned areas as per the demand in addition to the rising infrastructure.
If you are someone who is interested in investing in a home in Mumbai, take a look at properties by Runwal Group. They are coming up with their luxury projects in Kanjurmarg which is going to be one of the best projects in the area with a world of lifestyle amenities and natural surroundings.