A hotspot for real estate investment, Mumbai has seen the launch of several high-end residential projects being launched over the years. Homeowners and real estate investors have enjoyed great returns on their investments in the last two decades.
Of late, real estate activities have gained a significant pace in the country’s commercial capital. There are many reasons due to which you should buy a flat in Mumbai. Thanks to the extreme competition among realty developers, builders in Mumbai are open to negotiation.
If can negotiate well, you can avail lucrative discounts and special offers from realty developers. With many upcoming projects such as the Navi Mumbai International Airport and the proposed coastal roads, there’s a potential for possible real estate price hike in Mumbai.
For example, Lodha Palava can fetch you decent returns on your investment in the coming days. Also, with rentals being pretty high in various parts of the city, it makes sense to avail a home loan and purchase an apartment rather than buying.
The rental income saved can be used to pay off the EMIs. There are many financial institutions offering home loan in Mumbai at competitive interest rates. You can choose the one that best fits your budget and need.
As job seekers and students continue venturing into the city, a home here gives you a great chance of earning rent which acts as a secondary source of income. Thus, buying a flat in Mumbai can prove to be a wise investment decision in the long run.
Additional Read: Things to Check Before Investing in Mumbai