Mumbai is all in buzz for rising realty trends in the city. The place has experienced mammoth development over the decade with massive flux of population over the years. It remains fourth most populous metropolitan city of the country with current population of 20.5 million in its embrace. Mumbai has lured many renowned developers to fulfill the infrastructure need. Developers have perforated in various domains making remarkable attempt in commercial and residential property setup of the city.
Real Estate in Mumbai has opened huge gateways for investors’ catty corners to invest in the commercial and residential property. The wealthiest city in South West region of the country has led open plenty of investment prospects for the investors to choose from. Named as Alpha World City, it has highest GDP of the cities in the region. Therefore the economic stability of the city is the biggest lure for the investors to enter the periphery of the city and explore the investment opportunities.
Mumbai Real Estate idyllically depicts a picture of well-developed panorama of real estate sector in the city and remains a matchless premise for the investors, since ever.
Real Estate in Mumbai and Suburbs
Versova: – It is an up market area for Andheri is located to North of Mumbai. It is a posh locality and is famous for its beach and peaceful locality. The area is much of a residential area and does not lure any commercial set ups. Areas surrounding the locality involve Andheri, Borivali and Dahisar. Few renowned localities of the area are Police Officer’s Society, Panchwati, Yari Road, Seven Bungalows and Machlimaar.
Property rate in the area varies from 10000 psf to 20000 psf. 1BHK property in the area are available at the price INR 45 lacs and 2 BHk property is pegged at price of INR 1 cr. According to experts Versova is ideal spot for investment, especially in residential property, with the advent of metro project in the vicinity.
Lokhandwala: – Also referred as Samarth Nagar, the area is located in Andheri and is spacious residential as well as commercial locality. It is a hub of residential property with many celebrities, NRI’s and middle class people having their homes. The property rates for 1 BHK, 2BHK and 3BHK spaces are 90 lacs, 1 cr and 6 cr respectively. Plethora of amenities and facilities as in gym, swimming pool, complexes and central market in the proximity bequeaths investors with better living standard.
Airoli: – Located in Navi Mumbai, the area if the fifth most developed node of Mumbai. The area swiftly connects to various locations of the city via train, bus, taxi and auto rickshaw. It is being sectioned in to 28 sectors out of which 20 sectors have been developed and 8 still developing. 1bhk, 2bhk and 3 bhk property in the city are available in the range of 45 lacs, 60 lacs and 80 lacs.
Dahisar:- The location is in the midst of scenic beauty, hills and beautiful landscapes. The word is derived from “Dahi” which means ten in the native language. The location is the hub of both commercial and residential property. With commercial property rate varying from 13000 psf to 20000 psf, it is the ideal investment option for the investors.
Mumbai realty market is seeing rising trends and unravels plenty of investment opportunities for several investors. With preeminent location for residential and commercial property, the city flags right time for investment to all.
Author bio- Subhadra Bhadauria writes on behalf of eminent property site 99acre.com. Property picture in India is wide; she takes a huge black and white stroll on the real estate sector of India, and talks about various properties in India.
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