Top emerging locations to invest in Mumbai in 2020

If you are planning to buy a property in Mumbai there are several factors you may have to consider, but the most important Key factor is the location as emphasized by real estate marketing consultants.

This city is the commercial capital of our country India. It is claimed as the busiest city with a massive population. The good news is that the infrastructure of the city too is trying to keep up with its chaotic speed. Not only has this city had the most number of towers but also the busiest roads, rails and highways. This island city is a dream home destination for all seeking to make it big, therefore a wise decision in terms of location can go a long way.

Concerning to Mumbai’s real estate, real estate advisory firms in India, there are certain residential areas which are unaffected despite changing trends and market fluctuations as they provide the best living spaces of Mumbai with all the significant social and cultural amenities, great connectivity, renowned educational institutions, and facilitative hospitals. Besides these, there is a happening cultural life with vibrant nights, multi-cuisine restaurants and luxurious hotels, extremely beautiful and lavish residential projects. However, the introduction of regulatory reform is expected to make investing in properties in Mumbai far more consumer amiable.

Below are some prime localities that are affordable, accessible and have a higher appreciation value, and are worth the potential buyer’s investment.

South Mumbai

Flats in South Mumbai are in constant demand and comparatively are more expensive than the peripheries and the Suburbs. This inevitable fact becomes strength for long term Investors and rental income seekers. South Mumbai boasts of housing the rich and the elite such as the Ambani’s, Gores, Tata’s etc. The real estate in South Mumbai is recognized on a global level with vested interest of NRIs due to prominent appreciation value.

Lower Parel

Lower Parel is truly the perfect amalgamation of residential and commercial complexes. This area is highly preferred by the professional floating population due to its modern vibe and proximity to hubs of business and entertainment. Multinationals and the big brands have their headquarters within the conducive environs of this area. Furthermore Lower Parel is very well connected to prime areas of Mumbai such as Nariman Point, Worli etc. Thus even as an investment point of view this area suffices all the parameters of high ROI. Lower Parel is renowned for its clubs and restaurants in Kamala Mills and also the huge Palladium Mall housing international brands.

Bandra

Bandra’s charm is unparalleled; it is the most coveted suburb and is regarded as the Queen of the Suburbs. Bandra is strategically placed in a way that is well connected to Sobo as well as the suburbs. Residents of Bandra carry certain pomp and style and therefore it is residence to many popular film stars. The vibrant social infrastructure keeps this area upbeat and coveted within potential buyers. The Bandra Kurla Complex has been another instrumental addition to its growth as it has increased its proximity to business hubs. This area now is also favored by white-collar employment seekers, therefore investments in this area will only prove more profitable.

Worli

Worli has the greatest USP of breathtaking views of the Arabian Sea and the marvelous Bandra Worli Sealink. This area is very well well-connected to the peripheries as well the SOBO interiors. It lies between BKC and Nariman Point and hence gives seamless connectivity to both the important business districts. This upmarket neighborhood is highly desirable for its sea-facing views and therefore realtors and builder are rushing to build luxurious residential projects in this part of Mumbai.

Juhu

Juhu is a beautiful beach area which at times is popularly termed as the Beverly Hills of Bollywood due to many Bollywood celebrity homes. Juhu has a posh residential vibe and is coveted for its connectivity, beauty and cultural vibe. Buyers have consistently been allured by this locality and thus the demand for Juhu properties is always on a high.

However, suburbs of Mumbai such as Dadar, Prabhadevi, Chembur, Ghatkopar, Goregaon, Mulund are emerging as top destinations for investors as these locations too are loaded with all the necessary favorable parameters and above all affordability. Thus one needs to have a clear idea before investing in a residential property in Mumbai or should follow the advice of real estate marketing consultants. The above-mentioned locations will give you a plethora of options to choose from when it comes to residential real estate.

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