Undoubtedly, MMR is the crown jewel of India and because of this the real estate sector is always booming here. Indian investors have always considered Mumbai a safe haven for property investment and because of this many people buy property in Mumbai like flats in mumbai. But where to invest in this huge city is the most common question that people ask. Fret not, as for you we have compiled a list of most promising localities in MMR where you should invest.
Based on facts, figures, and market trends these are some of the most sought-after places in Mumbai:
Chembur is a posh locality in the eastern Mumbai, having huge profit potential and more than 100 projects under construction. Because of this, it has become a hot favourite among realtors and property developers. Infrastructure projects like the Santa Cruz-Chembur Link Road, Eastern Freeway & the Chembur to Wadala monorail have increased Chembur’s worth in the real estate market in mumbai which have luxury flats in mumbai. It has everything that an investor looks for; well-developed & wide roads, connectivity, public spaces, world-class amenities, and much more. So, if you are looking for a good place to invest that has a huge profit potential, then consider chembur.
Virar is that suburb in Mumbai that is famous for providing budget friendly and affordable homes for Mumbaikars. You can buy flats in mumbai, It offers well-connected living spaces having huge profit potential to its residents. With its growing prowess, Virar has become a basking hub of affordable housing. Previously, Virar was a famous weekend home destination for the residents of Mumbai. However, now because of great infrastructure development & approach, it has turned into a permanent residential hub for Mumbaians. Moreover, there are many top-notch recreational spots here like the Yazoo Park. There are many beautiful heritage sites here and some ancient temples.
Madh Island is an emerging gem in the real estate sector. As it is present at the distance from the main city, its properties are still hidden away from the eyes of hardcore real estate investors. Nevertheless, many promising developers and NRIs have invested in this area and earned huge returns. As a result of its growing popularity, it is becoming home to many mega Best residential projects in Mumbai is going to have. You can see rapid growth of flats in mumbai in its property market with the start of construction of four- & five-star hotels by Raheja Group.
Madh island is an ideal suburb for settling down, with a serene and calm environment and modern amenities it has everything. Other than investors, Madh island attracts a lot of luxury homebuyers because it gives you everything of Juhu but at a ridiculously cheaper price.
Thane is, without any doubt, the most popular suburb in the city. Present at a mere distance of 23 kms, it has direct approach & connectivity with the main city. Because of its close proximity with Mumbai, the real estate market in Thane is progressing by leaps and bounds. It is an ideal relocation destination for Mumbaikars who want to enjoy modern facilities while living in the lap of nature. The infrastructure growth in this city is also impressive. Because of Upcoming megaprojects like Thane Metro 5 &6, the already existing connectivity of Thane with other suburbs will further improve.
Thane not only has impressive connectivity but it also has some of the country’s most prestigious educational institutes. With Rustom Jee international Cambridge School, you can give your kids world-class education while living in this peaceful neighbourhood.
Kharghar is another promising neighbourhood in Mumbai. Present in the area of Navi Mumbai, it is attracting a lot of property investors and developers. Moreover, the environment and surroundings of this place are quite picturesque which gives its residents a feeling of relaxation. With well-developed infrastructure and Mumbai’s largest golf course, kharghar is a have-it-all neighbourhood for first time homebuyers. Moreover, with the construction of Navi Mumbai airport and the upcoming aeropolis, the property rates in kharghar are rapidly increasing.
Goregaon is a residential cum industrial hub of Mumbai. With the recent infrastructure growth here the demand and prices of properties here have skyrocketed. Goregaon west is a residential hub with robust social structure and matchless civic facilities. Moreover, this area is easily accessible from other parts of Mumbai through bus & metro.