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.
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