Since decades, real estate has always been a booming business in India. Especially, in the last couple of years, urbanization and commercialization has led to the stable growth of residential markets. The demand for these markets has significantly matured. There are multiple locations across the country, especially in Mumbai that investors can consider investing in. Some of the most popular locations attract a large number of investors owing to the highly developed social infrastructure, heightened industrial activity, and promising rental incomes. Investing in real estate never goes out of style, for more reasons than one.
Mumbai scores the 10th rank among the other cities of India in the preferred list of real estate destinations of the country. The real estate sector of Mumbai has seen rapid growth in the past few years. Prospective home buyers are spoilt with choices and endless options are available for renting and purchasing. Even though the property prices hit the sky in 2019 and the pandemic caused an economic slowdown in 2020, there has definitely been a bright ray of hope following these upheavals.
Luxury flats in Mumbai have high demand over other apartments. One of the many -renowned locales that offer best-in-class lifestyles is Goregaon – which is located between Andheri and Borivali. It is an excellent choice for those looking for luxury properties in Mumbai. It connects to the Jogeshwari–Vikhroli Link Road (JVLR), the Western Express Highway, and the Mumbai International Airport. It serves as a great catalyst to the housing demand owing to the modern social infrastructure and helps investors earn good rental income from1 & 2 BHK flats offered by renowned builders in Mumbai like Oberoi Realty, Poonam Group, and Laxmi Group.These developers in Mumbai offer a diverse range of luxury projects that come with new-age modern amenities and every possible facility to live a wholesome lifestyle. Plus, the neighbourhood includes renowned schools, hospitals, sports clubs, multiple transportation options, and thus ranks on top of the list of the best investment location for luxury properties in Mumbai.
Thane is yet another highly lucrative and upcoming area. It enjoys smooth connectivity with its neighbouring suburbs through the Central and the Trans-Harbour railroads. As a result of the excellent connectivity, Thane has always been a buyer’s favorite and top builder’s preferred location. Thane has seen an increase in commercial demand and that has led to an increase in residential developments. Some of the well-known real estate developers in the market that offer world-class living include Hiranandani, Piramal, Kalpataru, Lodha, and Dosti. Northern Lights by Shapoorji Pallonji, Piramal Vaikunth, TenX Habitat, Unique Greens, and Mahavir Springs provide top-of-the-line amenities and luxuries to lead a happy and comfortable life.
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Panvel is yet another destination that has grown exponentially as a result of its affordable housing segment. This neighbourhood attracts a large number of Mumbai residents who do not want to compromise on space. Besides, it is also a happening destination for NRIs to invest in. It offers a wide range of investment alternatives. Even though it has been consistently developing, it has successfully managed to retain its classic old-world charm. NRIs are mainly attracted to Panvel owing to the perfect combination of new-age developments like high-end luxury living, seamless infrastructure along with breezy and absolutely breath-taking landscapes. Panvel is known to have a myriad of banks, gyms, restaurants, parks, malls, etc which makes it rank high in terms of social infrastructure. The rental rates in Panvel are most likely to increase to upto 7 to 9% in the next few years.
Moreover, the upcoming international airport has increased the number of residential projects. The proposed infrastructure investments, such as the Navi Mumbai International Airport has attracted investors and will attract a big flock even in the future. In Panvel’s vicinity, the Trans-Harbour Sea Link as well as some Indian industry majors such as Larsen & Toubro Limited, Reliance, Hindustan Organic Chemicals Ltd, ONGC, and IPCL are providing mass employment and development. Balaji Symphony, Tricity Luxuria, Wadhwa Wise City, and Hill View Residency are some great investment options to lookout. Panvel prices are expected to rise over the next five years, so why not make a wise investment in this area right now?
Situated in the North-Western side of Mumbai, Kandivali is one of the most posh and premium housing destinations of Mumbai. The address is famous for offering fully developed townships that are priced somewhere at Rs 16,530* per sq.ft. The locality has witnessed a steady price appreciation of about 3 percent in the last one-one and a half year.
Kandivali is very well-connected to Link Road, Western Express Highway and is very efficiently accessible through the Western Railway Line.
There are a number of schools, colleges, shopping centres, and malls that attract a large number of home buyers and investors. Schools such as Ryan International School and Gundecha Education Academy, and hospitals such as Kokilaben Dhirubhai Ambani Hospital and Apex Hospital, add to its livability quotient. The malls nearest to Kandivali include Raghuleela Mall, Oberoi Mall, and Moksh Plaza Mall. There are many business hubs and employment zones that are located in and around the vicinity.
Andheri is yet another residential and commercial destination that has grown into a highly lucrative locality for investors who are seeking a high capital appreciation. Andheri East especially has attracted a large number of investments. The selling cost of residential apartments ranges around Rs 18,900* per sq ft. The SEEPZ and Bandra-kurla Complex are the closest and most renowned employment hubs that enjoy close proximity to Andheri. The Western Express Highway and the connectivity to the local train network makes it a magnet for all the working population. The 2 BHK flats can fetch anything between Rs2 2,000* – Rs 57,000* per month. The close connectivity to the Jogeshwari-Vikhroli Link Road and the National Highway has made Andheri the most sought-after locale.
One of the most attractive business hubs of Mumbai is Malad (West) and not only has it gained popularity in terms of commercial and business centres, but also has witnessed a significant progress in the residential segment. The locality caters to the middle and upper-middle-income segment homebuyers and offers residential apartments at an average rate of Rs 17,000* per sq ft. The area is also connected to the Western Express Highway and the local train network.
There was never any doubt about real estate’s potential and it was only a matter of time before that potential was realised in the market.
Mumbai offers you a varied range of homes such as luxury homes, villas, penthouses, luxury apartments, etc. Along with residential property, commercial property in Mumbai is also a sought after option for businesses to set up their offices. One such corporation is Origincorp. From Luxurious apartment projects in Mira road, east like Wisteria Square, Oriana, Macro Homes to Westcenter in Kandivali west Origin Corp offers a perfect fusion of professional expertise, clear vision, ground-level experience, and entrepreneurial creativity with many landmarks projects underway at prime locations.
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