Mumbai is a place where every individual dreams of buying a home. Mumbai is one of the costliest metropolitan city in India. A huge amount of people migrate to Mumbai to get jobs, start business and pursuit a good career. Purchasing a flat or looking for a rental properties in Mumbai or even demand for commercial properties in the city is rapidly increasing day by day. People buy property either to live in or for investment purpose. Investing can be buying a property and renting it out.
1. Property in Thane
Thane is one of the best areas in Mumbai for affordable housing. Thane has great connectivity to other parts of the city. With the upcoming metro in Thane, it has become one of the most sought-after places in Mumbai. Thane provides housing options for people from all income backgrounds. Thane has a lot of water parks, resorts and other places that make a good social infrastructure. In addition, Thane has affordable housing options right from 1bhk to 4bhk flats. Thane also has plenty of space for commercial property as well.
2. Property in Panvel
Panvel is also an equally ideal option for affordable real estate. Panvel is one of the places in Mumbai currently that is developing at a great pace. Panvel is an upcoming residential and commercial hub and hence it is one of the best places for investing in affordable real estate here. Property in Panvel will surely see a hike due to the proposed upcoming international airport in Navi Mumbai. Also, due to many other infrastructural proposals like trans-harbor link, Nhava-Seva Link, many reputed real estate developers have begun developing various projects in Panvel since it will boost its connectivity.
3. Property in Andheri
While Andheri East offers accessibility to Lower Parel, Bandra Kurla Complex, etc., Andheri West has Yashraj Studios, Balaji Telefilms and other bigger entertainment firms. Property demand is, therefore, high in both these zones due to the presence of such corporations. Also, the metro railway running between Ghatkopar and Versova increases property demand nearby.
Of course, there are various other places in Mumbai like Bandra, Kalyan, Bhiwandi, Bhandup, etc that offer affordable real estate. It all depends on your budget and various factors that will be favorable to you for your investment.
