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Top Property Investment Hotspots in Mumbai

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:

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:

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:

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.

 

Disclaimer

The plans, specifications, images and other details herein are only indicative and subject to approval of the concerned authorities. The Group / Owner reserves the right to change any or all of these in the interest of the development, without prior notice or obligation. Artist’s impressions are used to illustrate amenities, specifications, images and other details and these may be applicable to select apartments only. Tolerance of +/- 3% is possible in the unit areas on account of design and construction variances. All brands stated are subject to final decision of the project architect. This printed material does not constitute an offer and/or contract of any type between the Group / Owner and the recipient. No booking or allotment shall be deemed to have been made on the basis of this printed material. Any Purchaser / Lessee of this development shall be governed by the terms and conditions of the agreement for sale / lease entered into between the parties, and no details mentioned in this printed material shall in any way govern such transactions unless as may be otherwise expressly provided in the agreement for sale/lease by the Group / Owner. The Group / Owner does not warrant or assume any liability or responsibility for the accuracy or completeness of any information contained herein.