Ample career opportunities, good transport network, lifestyle amenities, and a cosmopolitan culture define Mumbai. Considering the fact that that it offers a fast-paced, contemporary lifestyle is what draws many to build lives here.
Moreover, with the real estate sector in India set to hit the $1-trillion mark by 2030 and tier-1 cities like Mumbai expected to profit the most, leasing out a property in Mumbai can prove to be an excellent financial move.
Furthermore, you have multiple options when looking for flats in Mumbai as an investment, as there are numerous projects spread across the city.
But which area will give you high returns?
To ensure this outcome, check these 4 localities before investing in real estate in Mumbai.
Developed by CIDCO and situated on the Sion Panvel Highway, Kharghar is home to multiple commercial and residential projects. While a 90-minute drive will take you to the heart of Mumbai, a hike at Kharghar hills is just as easy to access.
Panoramic views, educational institutions like Global Aviation Academy, and emerging employment opportunities make Kharghar a great place to invest in. Since the locality has scope for development, your investment is likely to witness appreciation quickly too.
Housing multiple industrial clusters, Chembur is equidistant from BKC and Lower Parel. A 35-minute drive from here can take you to the prominent commercial areas of Mumbai and the locality offers easy access to the Santacruz-Chembur Link Road and the Eastern Express Highway as well.
Apart from work opportunities, Chembur boast of a vibrant culture is it street food or golf courses. While the area holds potential for high returns, you should evaluate pollution concerns before investing.
Surrounded by 35 lakes, Thane promises residents a comfortable living experience. The area witnesses a tropical monsoon climate and has multiple tourist destinations.
Commuting to work need not be a major hassle either, as a 50-minute drive will take you to Mumbai City via the Eastern Expressway. An increase in IT projects and quality real estate properties by well-known builders such as Lodha also make Thane a promising locality to invest in.
Home to many corporate offices, Andheri enjoys excellent connectivity by road, rail or metro. With IT parks like Raheja IT Park in the vicinity, employment opportunities are ample. Good connectivity, developing infrastructure projects and access to facilities like Andheri Sports Complex and Infiniti Mall makes this a top realty location in Mumbai.
While it is one of the more crowded suburbs in the city, its location gives it an edge. You can escape to Versova beach in a matter of just 20 minutes, for example.
Narrowing down on the best locality in Mumbai can become strenuous, but you can get all the help you need through Bajaj Finserv home loans by Bajaj Finserv Home & Loans. Not only does this home loan give you finances up to Rs. 3.5 crore, but you get assistance with selecting the best property in Mumbai. The property search assistance does not stop at the online portal as you benefit from in-person help for site visits and aid in putting together the necessary documentation for your apartment or flat in Mumbai.
So without further ado, apply today and enjoy flexible tenors of up to 20 years, top-up loans, and convenient repayment policies like zero prepayment and foreclosure fees. Start by checking your pre-approved home loan offer. It gives you instant approval and access to personalised deals.