3 Reasons Why Mumbai Is A Great City to Live (and Invest) In!

A city that needs no introduction, there are most definitely more than 3 reasons to not only live but thrive in this beautiful City of Dreams. It can be overwhelming to count on one hand the allure of Mumbai, and perhaps trying to do so does the city a gross injustice, because as many locals will remind you, Mumbai isn’t a place; it’s a feeling. Therefore, for the purposes of this list, let’s study the reasons it presents as such a lucrative market for homeowners, and investors.

1. No single ‘City Centre’:

Of course, there are main Central Business Districts, such as Nariman Point and Bandra Kurla Complex, but due to the city’s linear layout, business and office clusters crop up across the map, turning each locality and neighbourhood into a self-contained ecosystem. Therefore, every property investment in Mumbai and Greater Mumbai is contextual. A 2BHK flat in Goregaon, or a luxurious apartment in Malad East may be the better investment that slides across your table because contextually, your business district, your city centre, could be at your doorstep.

2. Upcoming Metro Lines:

The Mumbai Local Train, or as referred to locally, ‘the lifeline of Mumbai’ is already a testament to the connectivity of the city; but add the upcoming Mumbai Metro to the pulse of that connectivity and the entire city is accessible from your home. Therefore, when looking to invest one no longer focuses all their attention on the South Bombay localities. Neighbourhoods that may have been previously compromised due to poor connectivity are now highly sought after because the accessibility and connectivity has improved in leaps and bounds, and you are able to afford a spacious house in Mumbai, for a budget that need not be stretched to discomfort.

3. Rising Property Prices:

Property, especially in a city like Mumbai is destined to appreciate due to the city layout. Projects closer to the coastline cannot continue indefinitely, one must at some stage proceed inland, thereby making every belt of development in proximity to the coastline a sought-after investment. In addition to this, the infrastructural development expected in the upcoming years, such as the Mumbai Coastal Road will make further elevate the ease of connectivity from distant points of Mumbai, bringing localities closer together than ever before. This is one of the key reasons why every top developer in Mumbai is keen on developing the further suburbs of the city, due to the great investment opportunities expected within the next decade.

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