The real estate market in Mumbai is passing through an interesting phase, wherein home buyers have started to prefer suburban locations to set up residence. This is particularly because of the affordability factor, coupled with supreme connectivity to the major hubs of the city, good infrastructure and a host of facilities on offer from residential projects.
For example, Navi Mumbai, thanks to its planned infrastructure and all-round connectivity to the main thoroughfare, is fast emerging as a real estate hotspot. Localities such as Taloja, on the outskirts of Navi Mumbai, have begun to lay claim to the city’s real estate space, turning out to be top contenders at that.
Should you be on the lookout for a house, buying a residential unit in Arihant Anaika, for instance, can prove to be a really good investment.
Factors that work in favour of this project include its affordable pricing, quality of construction, comfortable living, fine connectivity and a range of facilities, both standard and luxurious.
Another location right in focus is Chembur. Investing in real estate here is an ideal proposition, with chances of property value appreciation by as much as 150% within the next 5 years. Wadala is another emerging real estate investment destination in Mumbai. Property prices in Wadala have up by leaps and bounds over the past few years, thanks to rapid infrastructural development.
Rental demands have gone up here due to the presence of several education institutions. With such an impressive line-up of localities, now is certainly the best time to start investing in Mumbai real estate.