Search

Why is it a Good Time to Buy Property in Mumbai?

By siliconindia   |   Monday, July 29, 2019
25
Separator
35
Separator
50
Separator
8
Separator
Print Print Email Email

Why is it a Good Time to Buy Property in Mumbai?

Mumbai has always been a dream destination for real estate investors. Being the commercial capital of the country, the property prices in Mumbai have always been spiralling upwards. The increasing influx of people from all over the country have also increased the demand of commercial and residential properties in Mumbai. Modern housing projects like Marina Enclave and Sunteck City provides a perfect option for the real estate investors to purchase 1 or 2 BHK flats in Mumbai and secure high returns for future.

With the real estate prices expected to surge further in the upcoming years, this can be the right time to buy a property in Mumbai.

Return on Investment

The city of Mumbai is congenial for the development of business and commerce. Due to the huge percentage of migrant population in Mumbai, there is a constant demand for residential spaces. Mumbai has always yielded good returns on real estate investments. With projected expansion of suburbs, the property prices in Mumbai is expected to appreciate further in the upcoming years.

Infrastructure

The infrastructure in Mumbai has developed considerably over the years. Many infrastructural projects are going on in suburban locations. The Metro rail and Mono rail projects are expected to enhance the connectivity in Mumbai even further. This makes it the right time to invest in places like Chembur and Wadala and take advantage of the price appreciation.

Re-development Projects

Many old projects in Mumbai are going for re-development, largely due to the lack of space for new projects. Bandra is an area where many such projects are coming up. For example, Bandra Kurla Complex has emerged as a commercial hub. Investing in projects close to such places can yield good returns in future.

Peripheral development

Mumbai is currently growing towards the periphery. Due to non-availability of space in Mumbai city, many companies are setting up offices in places like BKC, Vikhroli and Powai. New Mumbai and Thane are other areas that are fast developing into commercial hubs. This means that this is right time to invest in peripheral localities that have the potential to grow.

If you’re looking for flats in Mumbai, Marina Enclave by Gurukrupa Developers is a project that you can check out. It is located at Malad West and offers sea facing apartments of various sizes with a host of world-class amenities. You can also check out SunTeck City at Goregaon West. It is strategically located and offers 1,2, and 3 BHK apartments in Mumbai with all basic facilities.

In case you require any financial assistance to purchase a property, you can opt for Home Loans from Bajaj Housing Finance Limited. These home loans can be availed by salaried and well as self-employed individuals by meeting a simple eligibility criteria and furnishing the required documents.

Read More news:

5 reasons to choose an Education Loan on Property for your child

Biocon Net Zooms 86% in First Quarter


Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
Previous
Next