Mumbai – ‘the city of dreams’ never fails to disappoint! Formerly known as Bombay, this mega-city is driven by wealth, fame, and power. Millions of people migrate to Mumbai each year, and almost all of them would have wondered what it must feel like to buy a flat in Mumbai. A city that is home to dreamers, artists, entrepreneurs, and various Bollywood celebrities could be your home as well.
Mumbai Suburbs are the perfect place to invest in property, and for a good reason. The suburbs offer a luxurious lifestyle and attract people from all over the world seeking fame, fortune, and success. The real estate market in Mumbai’s suburbs is flourishing, making it a wise and rewarding investment.
But is it really worth looking for flats for sale in Nehru Nagar? Here are a few reasons why buying an apartment in Mumbai suburbs is a good and lucrative investment option:
Diverse Investment Opportunities
Investing in Mumbai’s real estate market can be a highly profitable decision due to its diverse range of investment projects. The city offers a variety of options, from luxurious sea-facing villas to affordable flats for sale in Nehru Nagar, which can provide excellent returns on investments. With a constant influx of people, the demand for real estate in Mumbai is ever-increasing, making it an investor’s paradise. The city’s real estate market is bound to offer the best returns on investments, making it a highly lucrative option for investors looking to invest in the real estate sector.
Infrastructure Boom: A Boon for Real Estate Investors
Mumbai is currently undergoing an infrastructure boom with several city-wide projects in progress. The development of new roads, expressways, flyovers, and metros has made real estate a prudent investment option for investors. The upcoming Mumbai Trans-Harbour Link (MTHL) bridge, set to open in November 2023, is touted as the longest sea bridge in India. It will connect Mumbai and Navi Mumbai, reducing commute times and offering a better lifestyle to residents. These projects have the potential to fetch great rentals, making real estate investment in Mumbai highly profitable.
Mumbai’s real estate market is majorly influenced by employment opportunities. Recent reports suggest that Mumbai has the highest salary hikes among all metro cities in India, with an increase of over 18%. This makes it an attractive city for job seekers, which in turn fuels the demand for real estate in areas located near business parks. Neighborhoods like Powai, Vikhroli, Kanjurmarg, Bhandup, and Kandivali have seen a significant surge in residential real estate development due to their proximity to major business hubs. Investing in real estate in these areas can be a wise decision for individuals looking for long-term high returns.
Investing in Mumbai’s real estate market can be a smart long-term investment strategy, thanks to the city’s steady capital value appreciation. According to the All-India House Price Index (HPI), cities like Delhi, Kolkata, and Mumbai recorded an annual growth of 3.5 percent. For those planning to invest in Mumbai’s real estate market, now is an opportune time. It is worth noting, however, that under-construction projects in Mumbai have witnessed higher capital value appreciation compared to completed projects. As a result, buyers tend to prefer new launches, which typically offer premium amenities and spacious homes.
Mumbai’s real estate market offers a plethora of investment opportunities for buyers and investors alike. With its booming infrastructure, high return on investment, better employment prospects, and capital appreciation, Mumbai remains one of the most promising and lucrative real estate hotspots in the country. The city’s charm, lifestyle, and diverse range of investment projects makes it an attractive option for those seeking a lucrative investment in the real estate sector. So, the entertainment and financial capital of the country is indeed one of the most promising real estate destinations for investors.