9 Best Locations for Real Estate Investment in Mumbai in 2022
Real estate has been a lucrative investment option for decades now. It is one of the most stable and secure investments that you can make. You will be able to reap huge profits from this investment if you know where to invest your money. However, when it comes to investing in real estate, there are many things that you need to consider before making any decision.
There are plenty of options out there if you are planning to invest in real estate. However, finding the perfect location can be tricky. This article will give you the best locations in Mumbai that are ideal for real estate investments.
So let’s get started!
Mumbai is India’s financial capital and home to the country’s largest stock exchange. The city also boasts of being the third-largest metropolitan area in the world. If you are thinking about investing in property, then there is no better place than Mumbai.
There are various reasons why this city is so attractive for investment purposes. One of the main factors that make this city so desirable is its proximity to the sea. It is just 10 km away from the Arabian Sea. This means that if you buy property here, you can have easy access to the sea. You will not need to spend much time commuting.
Another reason why this city is so appealing is the fact that it is home to several industries. These include pharmaceuticals, textiles, food processing, chemical products, and oil & gas. The city is also well connected through roads and railways. It is served by two airports – Chhatrapati Shivajiraje International Airport and Domestic Airport. Both these places serve flights from different parts of the country.
The Mumbai Metropolitan Region is the fastest-growing region in India. With its economy booming, many companies have offices here. There are also a ton of colleges, universities, and technical institutes.
The city has good infrastructure, a growing economy and low crime rates. And its proximity to other major Indian cities makes it a convenient hub for people moving around the country. In addition, real estate prices in Mumbai are relatively cheaper when compared to other parts of the country.
If you are buying property in Mumbai then you should be aware of the following things before investing in any property.
a) Location – Location is everything. You must know how much time you spend commuting every day. How far away is your workplace from your residence? Is it within 10 minutes drive or 30 min commute?
b) Property Type –Are you planning to buy a flat or a bungalow? Do you prefer a furnished one or do you like to have a fully furnished one? Do you plan to keep it empty for some time or rent it out?
c) Area –What kind of neighborhood are you going to buy? Will it be a suburban or urban area?
d) Cost-How much money are you willing to spend on your new home?
e) Time frame – How long do you plan to stay in this property?
But before we dive into the top locations for real estate investment in Mumbai, here’s an overview of some key facts about this amazing city:
1) Population: 22 million
2) Highest Average House Price: $1.5 million
3) Top 5 Largest Employers: Tata Consultancy Services, Reliance Industries, State Bank Of India, Bajaj Allianz General Insurance and Wipro Limited
4) Number Of Airports: 2
5) Language Spoken: Marathi, Hindi, English
Now that you have an idea of what Mumbai is like, let’s take a look at the best places to invest in real estate in Mumbai.
3) Navi Mumbai
4) Andheri West
6) Bandra-Kurla Complex
We have included the information about these properties in detail so that you can make an informed decision when investing in any of them.
Thane is a suburb of Mumbai which is located about 40 km away from the city center. It is one of Maharashtra’s fastest-growing cities. It is home to several industries like pharmaceuticals, chemicals, food processing, textiles, etc. This makes it a very attractive place for investors looking to buy properties here. There are multiple residential projects coming up in Thane which will provide great returns on investment.
As per the latest survey, Thane is ranked as the second most affordable place for buying property after Navi Mumbai. It is also home to some of the best schools in the country like DPS Rustomjee School, St. Xavier’s High School and Don Bosco High School.
Located about 30 km away from the city centre, Borivali is the best place to invest in property in Mumbai. It is a well-developed suburb of Mumbai with many schools, colleges, hospitals, shopping malls and other amenities.
This suburban region is known for its posh residential properties. Many big international brands also operate their offices in this part of the country. Its close proximity to the international airport and the main railway station makes it a popular choice among investors.
3. Navi Mumbai
Navi Mumbai is a new planned city in the western part of Mumbai. It was developed as a counter to Mumbai’s increasing population. However, it is already home to several big companies. These include Microsoft, Amazon, Google, Facebook, and Apple.
Navi Mumbai is also home to the headquarters of Tata Steel. In fact, it was the first company to move to the new suburb. As a result, the population density in Navi Mumbai is much higher than that of other parts of the city.
Most of the houses in Navi Mumbai are luxury homes. They are usually located on large plots of land. There are also lots of small shops and restaurants.
4. Andheri West
A suburb of Mumbai, Andheri west has seen an increase in demand for residential space over the last few years. This area offers premium properties at affordable rates.
There are many malls and restaurants in this area. The nearest railway station is Andheri Kurla Terminus. The main attraction of this area is the mall called Forum. Other places worth visiting in Andheri west include the National Centre for Performing Arts, the Filmistan Studios, and the Bombay Natural History Society.
Its proximity to the airport, financial district, business districts and other major landmarks makes it the best location to invest in Mumbai.
Malad East is a busy commercial district in Mumbai. It is located about 10 km away from the CBD. It is one of the oldest parts of Mumbai and has a rich history. Many old buildings can still be found here.
The area is also home to many multinational companies, offices, hospitals and medical centres. If you plan to invest in real estate, then Malad east is a great place to start.
6. Bandra Kurla Complex
Bandra Kurla Complex is considered to be the largest commercial hub of India. It is also known as BKC. This is because it is bordered by four different localities – Kurla, Kandivali, Mulund and Mira Road.
There are many residential properties available in this locality. They range from apartments to villas. Some of them are even located on prime land near the sea. It is home to some of the world’s leading companies like Reliance Industries, Wipro, TCS etc. Apart from that, it is home to several educational institutions and hospitals.
Kurla is also a popular destination for tourists. Many people visit the place to enjoy the beaches or go shopping at the malls. It is also close to several important landmarks such as Bandra Terminus railway station, Chhatrapati Shivaji Maharaj International Airport, and the famous Girgaum Chowpatty Beach.
Powai is located in South Mumbai. It is a very posh locality with high-end residential apartments, office spaces, retail stores and restaurants. This area is also close to the international airport
It is a prime location for those who wish to live near the beach.
Vashi is the best place to buy property in Mumbai. This suburb is located along the Western Express Highway and is easily accessible from all major parts of the city. Also, there are many schools, colleges, hospitals, and other educational institutions nearby.
Apartments in Vashi are more affordable than those in other suburbs. As a result, they are often rented out to employees working in the nearby industrial zones. The place is a popular tourist destination during the monsoon season due to its scenic beauty. It is also a good place for people looking for a quiet life.
Worli is the best location to buy a flat in Mumbai. It is located in South Mumbai and is home to many high-end properties. The area is close to the sea and offers beautiful views of the city. There are plenty of shopping malls, restaurants and schools nearby.
The average price per square foot in Worli is Rs. 4,000 which means you can buy a flat or house for as little as Rs. 50 lakhs.
Worli is a very safe neighbourhood with low crime rates. You can find residential areas, commercial spaces and even office buildings. Its closeness to all the major landmarks makes it a great place for living and working.
Mumbai is a great place to live and work. It has everything you need for an enjoyable stay. Above we have listed all the top locations for real estate investment in Mumbai. So, what are you waiting for?
Start Buying Your Dream Home Today!
Frequently Asked Questions
You can buy apartments, plots, commercial spaces, or even land. These are some of the most common types of properties you can find in Mumbai.
Buying a property in Mumbai is expensive. Even though prices seem to be falling, the demand still remains higher than supply. So, expect to pay around 10% above market value for a property in Mumbai.
However, prices vary depending upon the type of property you choose. For example, flats in central Mumbai are cheaper than houses in suburban Mumbai.