Real Estate Investors Flocking Toward Vikhroli

Current Trends in Real Estate

Real Estate in India, is undergoing a facelift. With major changes expected post May 2017, after the implementation of Real Estate Regulations Act (RERA), investors have a keen eye on new residential projects in the Mumbai Metropolitan Region. In the present scenario, home buyers are looking at residential projects with an investor’s point of view. The rate at which residential projects are budding in maximum city, India, and especially Mumbai is looked upon as a bustling suburb for home buyers. More home buyers are now looking for homes from the mid luxury to ultra-luxurious segment, with modern amenities. Connectivity has been a concern, and now home buyers are keen on investing in a property with connectivity and convenience.

Vikhroli is a lucrative location

Vikhroli is a suburb at the heart of Mumbai. The localities in Vikhroli have emerged as attractive destinations for buyers looking for areas that are close to the nerve centers of the metropolis. With its connectivity and strategic location, there are multiple new projects here. It offers residents, the connectivity they desire and all luxuries they desire. With major IT parks and offices around and in its vicinity, it’s an ideal destination for first time home buyers as well as investors. NRIs, HNIs and the upper middle class segments of home buyers have turned their attention to the ongoing projects in Mumbai. Real estate investors are flocking towards Vikhroli. With major inflow of investments, it is also looked upon as the best place for new residential projects.

It is seeing a rise in premium residents. It is an upward trend and it will only rise. Among other suburbs, This bustling suburb has seen a spike in the ongoing residential projects in Mumbai.

With a slew of residential projects, it is poised to be the next residential hub of Mumbai.

Future of Real Estate

The coming few months are expected to see a rise in the number of ongoing residential projects in Mumbai. Since demonetization the stress has been on eliminating misleading practices in real estate. Predictions are for a rise in home buyers post implementation of Real Estate Regulations Act(RERA). NRIs are also keen on buying or investing in Mumbai and suburbs, keeping in mind the growing popularity and appreciating prices. Expect a turnaround in Indian Real Estate with implementation of more ethical policies and more transparency in the whole home buying process. Vikhroli, as a suburb has enough options to entice the home buyer. The prices aren’t expected to soar, the rising interest in this suburb accounts for most developers and builders picking this location for their next luxurious, or ultra-luxurious residential project.

This well connected and most preferred destination has its own perks. From exclusivity to freedom from city’s chaos, Vikhroli has everything to offer. If you are a home buyer exploring options in Mumbai, it is definitely worth your attention. Especially when you are keen on buying your dream home in a quiet neighborhood with connectivity, it fulfills all requirements of your fast paced life.

Name: Derrick Corea I'm an experienced content writer with blogging experience of around 10 yrs. I have worked with some of the finest Pbn's.