The capital of Maharashtra, Mumbai is amongst the most wealthy and populous cities in India. It is a melting pot of people from all over India, belonging to different cultures, religions and regions, with their own set of hopes and dreams that come to the city to realize their ambitions. While Bandra, Andheri and Juhu remain the more popular localities in Mumbai, investing in these areas calls for a big budget. However, there are other areas in Mumbai located in the outskirts that do promise to render skyrocketing returns in the future. Well-designed properties by the Dynamix Group address this issue of acute shortage of budget housing in the city. Below are a few localities in the city of Mumbai that offer an affordable investment option s well as guarantee great returns:
1) Chembur
Chembur, located towards the eastern side of Mumbai, has been witnessing a real estate boom in the recent past. Reasons for this include the area’s improved connectivity to the city via the Santa Cruz- Link Road, well-planned monorails, and its close proximity to commercial hubs such as Lower Parel as well as BKC.
2) Panvel
Panvel is situated in the more orderly parts of New Bombay. Also considered the new heart of Bombay, Panvel is home to the upcoming Mumbai airport project as well as the proposed Sewri-Nhava Sheva Trans Harbour Link. These developments are bound to increase the land prices in the locality.
3) Kharghar
Kharghar, located in Navi Mumbai, is a part of the planned city sectors developed by CIDCO. The presence of malls, IT companies and commercial establishments in aplenty has had a positive impact on the real estate sector of this area. In addition to this, Kharghar also offers good connectivity to other suburbs such as Pune and Thane.
4) Mulund
Today Mulund has a place in the real estate maps of Mumbai, owing to its well-designed complexes and vast green spaces. The cosmopolitan suburb has seen a balanced growth in the last couple of years, which has made it a sought after commercial and residential spot.
5) Dahisar
Dahisar is another part of Mumbai you should be scouting, where the realty rates are quite reasonable and are only showing an upward trend. It’s only a while before the rates further spiral up. Many hold Dahisar’s strong connectivity to nearby locations through the Western Express Highway a strong suit of the locality. Furthermore, various proposed plans are underway to further increase the connectivity of Dahisar to the northern and southern parts of Mumbai.
6) Goregaon
Goregaon East is an area in Mumbai that is garnering attention because of its sound infrastructure and comparatively affordable rates. Purchasing a 2 BHK in Goregaon East guarantees benefits in abundance, such as smooth connectivity to Andheri, Borivali, the Western Highway and the Jogeshwari – Link Road. Furthermore, residents have easy access to domestic and international airports. The established suburb is home to Film City and Filmistaan and the presence of corporate giants attracts the working population in large numbers to the locality.
Mumbai, home to the glamorous and elusive movie industry, possesses alternative reasons too to boast off as well. In the recent past, the city has emerged as the leading profitable cities for real estate investments. It is best to gauge the market thoroughly in order to avoid making the wrong investment decisions with your hard earned money. The above-mentioned localities are hidden gems of Mumbai and promise a high return in the coming years. Be sure to give these areas a good look before making your final choice; take time out to visit that flat in Goregaon or Dahisar, weigh out the pros and cons and then come to a decision.
