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Reasons To Invest In Mumbai Real Estate

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By Author: Saloni Mehta
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Despite being one of the costliest real estate markets in the country, Mumbai's realty holds a special place in the hearts of every potential home buyer. Post the second wave of COVID, the real estate market in Mumbai has seen positive development. Most homebuyers prefer the city's suburban localities for investment. Developers in Mumbai are well aware of these preferences and are now putting forward their best residential projects in Mumbai suburban areas.

Let's take a look at some of the top reasons to invest in Mumbai's real estate:

1. High ROI

One of the major reasons to invest in Mumbai's real estate is the guaranteed returns you get on your investment be it on commercial or residential property. Areas like Andheri, Goregaon, Malad, Bandra in western suburbs and Chembur, Mulund, Ghatkopar in central suburbs are some of the areas where you can get a good ROI. Also, properties in these areas are easier to rent out which gives you an additional source of income in the form of rent.

2. ...
... City-wide Infrastructure development

From Metro to Trans Harbour Link to Coastal Road, the city is currently witnessing massive development in its infrastructure. There are a few more big projects in the pipeline that will change the look of Mumbai completely over the next few years. It will also have an impact on the cost of the property in the vicinity. Renowned real estate developers in Mumbai are focusing on launching their upcoming projects at locations that will be easily accessible in near future due to these infrastructural developments.

3. Affordable housing and Redevelopment projects

Due to an increase in the demand for residential property over the last few years but low land supply, builders and developers in Mumbai are coming forward to invest their money in redeveloping old complexes and buildings to offer spacious and luxurious homes with world-class amenities to suit the modern lifestyle of customers. Investing in such projects has added advantage of getting to be in a familiar locality with a polished place to stay in along with better construction quality and more amenities.

4. Builders open for negotiation

As the property market is blooming back to normal, builders & developers in Mumbai who wants to clear off their shelves are open for negotiation. Real estate giants are also coming up with special deals such as free parking, club membership, free furnishing, etc, festive discounts, and pre-launch offers to increase the sales of their upcoming projects in Mumbai.

5. Premium residential projects

Affordable luxury homes seem like an ongoing trend in the City. Due to increasing working hours and the hectic life of citizens, it's getting difficult day by day to find a work-life balance. Keeping this in mind real estate developers are now launching their premium housing projects at affordable prices with top-class amenities that will help potential homebuyers have their comfortable and luxurious lifestyle within the city.

Apart from the reasons above owning a house in Mumbai has always been a status symbol to many. Every day thousands of people travel to the city with dreams in their eyes. The government is also coming up with strong physical and social infrastructure to make Mumbai a better place to live, while builders and developers are living no stones unturned to provide great investment and residential opportunities in the city.

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