Why real estate investment in Mumbai is a Profitable deal
Over the years Mumbai has grown tremendously, be it infrastructure or industrialization, Mumbai ticks all the boxes giving its residents an uber-lifestyle. Thus properties in Mumbai allure a fair share of local and NRI investors and potential home buyers. The real estate market in Mumbai is affordable, accessible and appreciates with promising returns, hence is witnessing a substantial boom. The recent price regulation by RERA on commercial or residential properties has further benefitted interested investors for both. Real estate builders in Mumbai are, therefore, coming up with premium level flats in Mumbai. These projects have excellent infrastructure, all amenities, jaw-dropping interiors from big designers and more. This is luring many investors to invest in new projects in Mumbai.
Mumbai’s real estate market ensures a profitable deal due to the below reasoning;
Growing Commercially
Mumbai is rightly called the financial capital of India. Major businesses have their headquarters and offices in Mumbai. This has given rise to investments in commercial property in Mumbai. Affordable Residential projects in Mumbai are on a rise in areas such as Vikhroli, Chembur, Bhandup, Ghatkopar, etc. Homebuyers prefer to buy flats in Mumbai in well-connected and easily accessible localities from their workplace.
Highly Connected and Accessible
Mumbai is one city with exceptional public transport which can easily help you to reach from point A to point B. For e.g. The Mumbai Local trains connect from CST to Panvel and Churchgate to Virar. With the option of local trains, metro, buses such as MMT, TMT, NMMT, and also other AC buses, taxis etc, Mumbai is well connected to other parts of the city and also to parts outside the city. Due to this Mumbai becomes a good investment opportunity as civic infrastructure such as roads and highways are improving day by day, reducing the traffic woes. Also, the city is seeing a rise in particular infrastructure such as the construction of Metros, Monorails, etc. The metro work for the Wadala to Thane Metro Line 4 has made suburbs on Thane Enroute hot spot for real estate deals.
Ongoing Infrastructure
Mumbai’s infrastructure is developing consciously to meet the strength of the population. Changes are constantly being made to cut the congestion and chaos. There are fewer cramped up construction, roads are being widened and maintained is getting better. Infrastructure such as the Eastern Freeway and the Chembur to Wadala Monorail has made Mumbai a lucrative city to invest in. This has also given rise to the demands for flats in Mumbai, specifically pertaining to areas such as Chembur, Ghatkopar, Vikhroli, etc.
Value for Money
The real estate market in Mumbai is going through a trend of affordable housing. New projects in Mumbai are now being replaced by redevelopment projects, where many real estate builders are redeveloping buildings. Luxury flats in Mumbai’s periphery are gaining popularity due to affordability compared to other parts of South Mumbai. These projects provide luxury, convenience and higher Returns on Investments.
Diverse yet peaceful
Mumbai has a multicultural cosmopolitan happening crowd. People live here in harmony and celebrate all kinds of festivals together. This is one of the reasons why a lot of people prefer owning a house in Mumbai. There is no other place in the country which can give you such a robust blend of different cultures especially is suburbs such as Chembur, Vikhroli and Ghatkopar.
Therefore, investing in real estate in Mumbai is highly profitable. Owning a house in Mumbai is a dream come true for many and is an added sense of achievement. The global real estate market too considers Mumbai as one of the most lucrative areas to invest in thus real estate in Mumbai is a profitable deal.