The western part of India has emerged as the fastest-growing real estate market in the country. Modern housing projects like VTP Blue waters and Sunteck City offers a good opportunity for real estate investors to earn handsome returns and assure high monthly income by investing in these properties.
Both Mumbai and Pune have seen a steep rise in demand for affordable housing properties in recent times, mainly due to the influx of working professionals from different parts of the country.
This has led to a constant increase in real estate prices in these cities over the last few years.
The real estate market in Mumbai has been undergoing a paradigm shift with the interests of the buyers shifting towards affordable neighborhoods from posh localities. This provides a good opportunity for investors to invest in affordable properties in suburbs like New Panvel, Goregaon East, and Chembur.
Pune has also witnessed a similar trend of spiraling property prices in recent years owing to the constantly growing infrastructure, connectivity, and public transportation. Areas like Hinjewadi, Ravet, and Wakad can be the prudent options for property investment in Pune as it will attract IT professionals in the vicinity looking for affordable housing options.