Best Places to Buy a Property in Mumbai

Best Places to Buy a Property in Mumbai

Mumbai, also known as the city of dreams and the financial capital of India, has opened a door of possibilities for those finding their dream abode. Intriguing people from far and wide, Mumbai has seen an immense growth in the real-estate sector in the past few years. With robust infrastructure, seamless connectivity and metro connectivity, Mumbai is all set to boost the livability quotient in coming years.

Other questions that matter while planning to buy a home are – What conveniences are around your chosen locations? How far is it from your workspace? Does it suit your budget? Will you get a better deal in neighboring locations?

Well, don’t worry, in this blog ahead we will cover a few of the finest locations that might suit you best. So, let’s dive in and explore the landmarks that can be your potential home address.

4 Best Areas to Buy a Property in Mumbai!

  1. Kanjurmarg:
  2. Located in East Central Mumbai, Kanjurmarg is one of the finest locales to consider while buying a flat in Mumbai. Kanjurmarg railway station is the main access point for IIT Bombay, KV Powai, L&T, Hiranandani Gardens, and other nearby areas.

    Kanjurmarg East & Kanjurmarg West, both having well-developed infrastructure and being one of the best areas to buy property in Mumbai. This is a location that’s made better for its people to live an uncompromised and comfortable lifestyle.

    Blessed with seamless connectivity and robust social and civic infrastructure, Kanjurmarg would make a fine address for your dream home. From top educational institutes, healthcare, entertainment avenues, and other necessities, this place offers every convenience that one desires.

    Key location of Kanjurmarg:

    Schools & Colleges Hospitals Connectivity Entertainment & Necessities
    ✓ Podar International School ✓ Dr L H Hiranandani Hospital ✓ Kanjurmarg Railway Station ✓ R City Mall
    ✓ Bombay Scottish School ✓ Fortis Hospital ✓ Bhandup Railway Station ✓ D Mart
    ✓ IIT, Powai ✓ Godrej Hospital ✓ Eastern Express Highway ✓ Hometown
    ✓ IBS ✓ JVLR ✓ Big Cinemas/Cinepolis
    ✓ Metro connectivity

  3. Mulund West:
  4. Mulund West, being an up-market cosmopolitan locality, is one of the best locations. This is Mumbai’s well-known and well-connected neighborhood that boasts of excellent lifestyle avenues like malls, restaurants, upcoming metro stations, hospitals, educational institutes, etc. It is also one of the biggest residential areas in Central Mumbai.

    Its seamless connectivity to major employment hubs in Thane and Navi Mumbai, marks Mulund West as a prominent investment option for many buyers. With easy accessibility through Lal Bahadur Shastri Marg and Eastern Express Highway, it has good road connectivity.

    Mulund Railway Station, located on the major line of the Mumbai Suburban Railway network, serves Mulund West inhabitants’ travel needs. The under-construction Line 4 Mumbai Metro project, which will run from Wadala to Kasaravadali, covers 32.32 km in all. This metro connectivity is projected to improve connectivity via stations like RTO Thane, Thane Teen Haath Naka, Mulund Naka, Mulund Fire Station, Sonapur, Shangrila, Bhandup Metro, Bhandup Mahapalika, Naval Housing, Kanjurmarg (Gandhi Nagar), etc.

    Key locations of Mulund West:

    Schools & Colleges Hospitals Connectivity Entertainment & Necessities
    ✓ Sri Sri Ravi Shankar School ✓ Fortis Hospital ✓ Eastern Express Highway ✓ R Galleria
    ✓ St. Mary’s Convent ✓ Lotus Multi – Speciality Hospital ✓ LBS Road ✓ D Mart
    ✓ DAV International School ✓ Hiranandani Hospital ✓ Nahur Station ✓ R Mall Mulund
    ✓ NES NPS School ✓ Upcoming Metro Line
    ✓ Upcoming Goregaon Mulund Link Road

  5. Dombivli East:
  6. A suburb of Thane, Dombivli East has been developing rapidly and placing its foot in the real-estate arena. With upcoming infra development like Airoli-Katai Tunnel, Kalyan-Taloja Metro line, Ahmedabad – Mumbai High speed Rail corridor, Dombivli East has risen above as one of the best places in Mumbai’s real-estate market.

    Being at the forefront of infrastructural development, this locale is situated at the center of the economic hotspots of Navi Mumbai, Thane, and Kalyan. Well-connected by rail, you can enjoy seamless commute with nearby stations including Dombivli, Diva and Datiwali.

    Key locations of Dombivli East:

    Schools & Colleges Hospitals Connectivity Entertainment & Necessities
    ✓ Omkar Cambridge International ✓ ICON Hospital ✓ Dombivli Railway station ✓ City Mall
    ✓ Royal International ✓ AIMS Hospital ✓ Upcoming Dombivli Metro Station ✓ Bhagat Shopping Centre
    ✓ Prabhakar Desai International School ✓ RR Hospital ✓ Kalyan-Shil Road ✓ Shantaram Shopping Complex
    ✓ KV Pendharkar College ✓ Upcoming Airoli-Katai Tunnel Road ✓ Xperia Mall
    ✓ Upcoming Virar Alibag Multimodal corridor

  7. Andheri:
  8. Andheri is a prominent Mumbai neighborhood recognized for its excellent connectivity. It is home to many corporate and industrial segments, mainly located in Andheri East. With Chakala Industrial Area, Marol Industrial Estate, Santacruz Electronic Export Processing Zone, and Andheri MIDC, many key employment hubs are within reach.

    However, with well-developed social, retail, and physical infra, Andheri is one of the locations that should be on your radar. The abundance of commercial centers offers great employment opportunities for all.

    Key locations of Andheri:

    Schools & Colleges Hospitals Connectivity Entertainment & Necessities
    ✓ Bombay Cambridge International School ✓ Holy Spirit Hospital ✓ Andheri Metro Station ✓ Infiniti Mall
    ✓ Hasanat High School ✓ Criticare Hospital ✓ Andheri Railway Station ✓ Andheri

    Crystal Point Mall

    ✓ St. John Evangelist High School ✓ Sevenhills Hospital ✓ Fun Republic, Andheri
    ✓ Prime Academy ✓ Sanjeevani Hospital ✓ Prime Mall

In conclusion:

Listed above are one of the finest locations in Mumbai for first time property buyers. If you are planning on buying a property in Mumbai, then you must consider these locations as they provide all the comfort and conveniences on your fingertips.

Runwal Group provides state-of-the-art projects in these locales, which might suit you best as a first-time property buyer.

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FAQ

Is it worth investing in Mumbai?

Yes, Mumbai’s robust economy, job opportunities, and consistent demand make it an attractive choice. While prices are high, the chances of getting a higher return on investment are substantial. Careful consideration of several critical factors needs to be considered such as proximity to transport, educational institutions, healthcare facilities, and retail hubs. The purpose of buying a property also needs to be clear. Whether the property is for living or investing. Identifying your non-negotiables will streamline the decision-making process. While the criteria remain somewhat the same, slight tweaks in the search process can make your decision worthwhile. 

What should I consider when choosing a location in Mumbai?

Choosing the right location depends on several factors such as proximity to transport, educational institutions, healthcare facilities, and retail hubs. The location should also have safety protocols in place to ensure that the best facilities are provided. The decision would depend on personal preferences such as proximity to work in case of daily commute. The locality’s long-term growth potential should be considered when choosing a location. You can look at upcoming infrastructural developments that are taking place in the area to get a better understanding.