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What are top 3 Residential Areas to Invest in Mumbai

A house is probably the “must to have” necessity for most Indians. With the rise in urban population and rising cost of property, it becomes quite difficult to buy a house in the large city despite the fact that most of the jobs exist there only. Talking about the financial capital of India – Mumbai, despite falling home prices continuously for the second year, large popular cannot afford to buy a house in posh localities of the city. Considering the fact, reputed builders are exploring the micro-markets of the city and are coming up with residential projects in Mumbai based micro-markets or suburbs.

Reasons for Growing Demand of Residential Projects in Micro-Markets of Mumbai

 Great location with easy accessibility to social and civic amenities, affordable housing projects offering modern conveniences, projects by reputed developers and low property prices are major factors pushing the demand of residential projects in the micro-markets of Mumbai. Assorted below are few options good to invest in the property market of Mumbai:

  • Thane – One of the most sought-after suburbs of Mumbai, Thane is an IT hub. Reputed IT companies having offices here making it the best possible residential option for employees. Moreover, it connects seamlessly with neighboring suburbs via Trans-Harbour Line Suburban and Central railroad framework. Thus, notable builders like Godrej Group, Hirandnandani, Lodha Group are offering residential properties in Thane, Mumbai with modern amenities. 
  • Powai/Kanjurmarg – A known suburb in East Central Mumbai, the location is fast gaining prominence as a business sector for KV Powai, IIT Bombay, Hiranandani Gardens, etc. The location is in the proximity to IT hubs of Seepz and IT campuses of Mahape and Airoli. To add further, Kanjurmarg is the starting point for JVLR (popularly known as Jogeshwari Vikhroli Link Road) which connects Western and Eastern Express Highway. Due to its strategic location and well-planned connectivity, investors will definitely earn profits by investing in residential projects in Powai, Mumbai.
  • Panvel – Surrounded with Maharashtra Industrial Development Corporation (MIDC) regions like Taloja, Nagothane, Roha amongst others, Panvel houses major Industry giants like Reliance, IPCL, ONGC, Larsen & Tubro Limited. No wonder as scores of people work in these companies, they prefer staying near to their workplaces. Located close to JNPT port, Panvel offers a variety of options for investors looking for affordable housing property in Mumbai. Godrej Golf Meadows is one project where 1 BHK apartment is easily available at the price range of INR 46-48 Lakhs.

Chembur, Wadala, Malad, Kharghar, etc., are few locations equally good to invest for residential properties. So, do not waste time in looking options here and there. Narrow your research by calling the professionals of Investoxpert and knowing which projects fall in your price budget. 

 

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