Buy Affordable Homes in Mumbai Suburbs

Bangalore: Mumbai’s real estate sector has been witnessing an impressive makeover in terms of new infrastructure developments and land availability that leads to the development of several peripherals. Also, these areas are driving developers to come up with their new residential projects under affordable housing segment supporting quality lifestyle of prospective home buyers.  

As the city has extended its wings and expanding in all possible directions, several new peripheral areas have been developed. Areas including Sewri and Chembur in Mumbai are witnessing active real estate growth and several developers are launching their high-end luxury residential projects in such areas. “The value proposition of Sewri real estate is clearly the connectivity with key business districts of Nariman Point, Lower Parel, BKC and key infrastructure nodes. Sewri offers a great investment potential substantiated by commencement of broad spectrum of residential and mixed-use projects to be completed over the next couple of years,” said Manoj John, VP, Corporate Planning and Strategy, RNA Corp, reports Times Property.

 “Chembur is well-linked with the upcoming SEZ and the proposed airport at Navi Mumbai. Also, the Eastern Freeway project in Chembur is bound to reduce the travel time to South Mumbai. Chembur connects the island city to Navi Mumbai via Sion-Panvel highway on one side and Thane via eastern express Highway on the other side,” added John.

The real estate growth is also happening in areas like Thane and the growth is gradually moving towards areas that are close to Thane. According to Jeetu Mohandas, Managing Director, Mohan Group, over the last few years, the areas beyond Thane are growing by 50 percent and the areas are showing good potential of growth for the coming years. He also added that “such suburbs will increase further if Government agencies provide adequate infrastructure,” reports Times Property.