Mumbai, other than being the city of dreams, is also one of the best places for higher education in India. Some of the biggest premium institutions such as the Tata Institute of Fundamental Research and Tata Institute of Social Sciences are located in Mumbai and attract the highest number of students from all across the world. Therefore, real estate investment in Mumbai is a lucrative investment for both investors and buyers. Having said that, if you are still not convinced, take a look at the below-mentioned factors which help to buy flat in Mumbai is totally worth it.
Highest property value appreciation rate
As said above, Mumbai is the city of dreams and thus, the property value appreciation rate here is the highest. In fact, the appreciation rate keeps on increasing irrespective of market changes.
Conducive schemes by the Indian government
The Indian government has launched a couple of schemes like the Pradhan Mantri Awas Yojana and the RERA act along with the tax benefits has made home buying easier.
A never-ending demand for property
Mumbai is considered as one of the best places for higher education. Some of the biggest and renowned institutions are located in Mumbai. Apart from that, the city is a top choice for people looking for employment opportunities. Even the Bollywood which is the first choice of every creative professional is based in Mumbai. This simply means the demand for residential property and rental homes is never-ending.
A better place to be at
Last but not least, you can buy a flat in Mumbai and later shift here post-retirement. Mumbai is one of the safest places to live in, the people are good, and even the culture is cool.