Real estate investment has always been a profitable venture, especially in Mumbai. The city and its surroundings witness population influx every year as it attracts people with its employment opportunities. And the fact also contributes to the upward trend of the property value in the area. If you are the one who is looking into purchasing a residential property either for investment or home, we have brought 5 hotspots in and around Mumbai, which you can consider.
5 HOTSPOTS IN AND AROUND MUMBAI FOR RESIDENTIAL PROPERTIES
Located almost centrally, Nerul is presently one of the most happening residential and commercial hotspots in the city of Navi Mumbai. It is connected with Panvel and Mumbai via Sion-Panvel highway on either side and with Thane via Thane-Belapur Road. The mushrooming ITES parks and commercial complexes offer an excellent real estate property value in Nerul. The region is also known for its world-class educational facilities. Also, the location draws much of its brand value from the adjacent Palm Beach road.
Located almost 40 km from Mumbai, Panvel has made its place in the real estate market over the years. The area falls under the Raigad district and is well connected with Mumbai, Vashi and Thane in spite of the distance via well-constructed roads and railway. Ever since the construction of the upcoming Navi Mumbai International Airport started near Karanjade, Panvel, the whole region of Panvel is increasing in real estate value by leaps and bounds.
Kharghar, at present, is the most developed node of Navi Mumbai. And while only Navi Mumbai, it is considered as one of the post areas in the entire area of Mumbai, Thane and Navi Mumbai. And its real estate value is in no mood to drip down anytime soon. Also since the area still has plenty of lands to offer, prices of residential as well as commercial properties in Kharghar are only going to rise in the future. Hassle-free connectivity, Taloja MIDC that comprises several small and medium-scale industries, the upcoming Navi Mumbai International Airport, and the aristocrat up class crowd already settled in Kharghar acts as the major growth influencers in the real estate property value.
Located in the main city of Mumbai, Chembur has its own place in the real estate investment markets. The area has seen the rapid transformation from being an industrial hub to the present day up class residential area. And along with the transformations of the area, its property value too increased rapidly. Studies have shown that real estate property value in Chembur has tripled over the last 20 years. The famous commercial complex Bandra-Kurla complex being merely 7 km from Chembur, no doubt the Chembur at present is one of the most profitable real estate investment options.
The entire shape of the Thane real estate market has changed ever since the development of Ghodbunder Road and its adjoining areas like Manpada, Patilpada, Waghbil, Kapurbawadi, etc. The area is close to both Eastern Express Highway and Western Express Highway and it serves as the major USP of the area. With some of the renowned educational institutions, malls, and upcoming metro mail connectivity, Ghodbunder Road Thane is one of the most profitable real estate investment options in the Thane Mumbai area now.
Where are you considering making a real estate investment? Comment below.