The Best Places to Invest in Property in Mumbai Suburban 2023:
As real estate in Mumbai maintains to thrive, investors are continuously searching for rewarding opportunities for property investment. The suburban regions of Mumbai have emerged as promising regions, offering a blend of improvement capability, infrastructure increase, and high-quality residential spaces here are the 7 Best Places to Invest in Property in Mumbai.
The Best Places to Invest in Property in Mumbai’s Suburban:
Kanjurmarg West:
- Location: Situated inside the eastern suburbs, Kanjurmarg West has connectivity to major areas of Mumbai and it is the Best Places to Invest in Property in Mumbai.
- Connectivity: Eastern Express Highway, Jogeshwari-Vikhroli Link Road (JVLR), and the upcoming Goregaon-Mulund Link Road (GMLR) enhance connectivity.
- Commercial Hubs: Near Powai, Vikhroli, and Bhandup, experts working in these areas.
- Green Spaces: Lush surroundings with Sanjay Gandhi National Park and Kanjurmarg Lake.
- Infrastructure Development: Witnessing significant infrastructure improvement, inclusive of metro lines, improving connectivity.
- Real Estate: Offers residential and industrial initiatives at exceptionally low expenses, with attractive rental income.
Vikhroli West:
- Location: Vikhroli West is Located eastern part of Mumbai and it can be considered as the Best Places to Invest in Property in Mumbai. Vikhroli West is a bustling residential and business hub.
- Connectivity: Well-deliberate infrastructure with wide roads and convenient connectivity to Powai and Kanjurmarg.
- Commercial Hubs: Attracts professionals working in major business districts like Powai and Kanjurmarg.
- Educational Institutions: Presence of reputed educational institutions for quality education.
- Healthcare and Shopping: Availability of healthcare centres, shopping malls, and commercial hubs.
Marol:
- Location: Vibrant neighbourhood in the Andheri East suburb of Mumbai and Marol is the Best Places to Invest in Property in Mumbai.
- Connectivity: Well-connected through Western Express Highway and Andheri-Ghatkopar Link Road.
- Commercial Hubs: Close to MIDC Andheri, SEEPZ, and Powai.
- Amenities: Presence of schools, faculties, hospitals, purchasing department shops, and entertainment centres.
- Accessibility: Marol Naka metro station and proximity to the airport add comfort.
Juhu:
- Location: Juhu is the Best Place to Invest in Property in Mumbai and its Renowned neighbourhood inside the western suburbs of Mumbai.
- Juhu Beach: Famous beach supplying the best views and a colourful atmosphere. Luxurious Residential Area: Home to upscale flats and bungalows.
- Property Prices: Rs 38,677- 40,000/ Sq.ft for apartments
- Celebrities and Affluence: Chosen by Bollywood celebrities, industrialists, and families.
- Amenities: Upscale accommodations, great-dining restaurants, brand-new cafes, buying centres, and Transport like Chhatrapati Shivaji Maharaj International Airport, Balkanji Bari Bus Stop, Versova Metro Station, Hospitals including Criticare Multispeciality Hospital, KLS Memorial Hospital, Mallika Multispeciality HospitalAndheri
- Location: WithBustling suburban locality with a well-developed industrial hub Andheri is the Best Places to Invest in Property in Mumbai.
- Connectivity: Seamless connectivity through the metro, railways, and highways.
- Services: Top educational institutes like Bombay Cambridge International School, Hasanat High School, hospitals including Holy Spirit Hospital, Criticare Hospital, Sevenhills Hospital, and shopping malls Infiniti Mall, Andheri, Crystal Point Mall
- Property rates: Apartment Rs. 19,556/sq.ft and House Rs. 12,876/sq.ft
Mulund:
- Location: Mulund is a well-established suburb placed within the northeastern part of Mumbai and is one of the Best Places to Invest in Property in Mumbai.
- Connectivity: It enjoys incredible connectivity through the Eastern Express Highway and the Mulund-Airoli Bridge.
- Lifestyle Amenities: Mulund gives a number of way of life amenities, inclusive of shopping malls, leisure facilities, and healthcare centres.
- Educational Institutions: The area is home to reputed academic institutions, that provide training to citizens.
- Green Spaces: Mulund is surrounded by way of herbal splendour, with the Sanjay Gandhi National Park in near proximity, imparting possibilities for outdoor activities.
- Real Estate: The real estate market in Mulund offers numerous residential options, along with residences, villas, and gated groups, catering to exclusive options and budgets.
Goregaon:
- Location: Goregaon is an outstanding suburb and the best place to invest is located in the western part of Mumbai.
- Connectivity: It is properly linked by the Western Express Highway and the Goregaon-Mulund Link Road (GMLR).
- Commercial Hubs: Goregaon houses several business complexes and business parks, attracting professionals working in the IT and entertainment industries so became the best place to invest.
- Lifestyle and Entertainment: The place gives a number of way of life amenities, consisting of shopping malls, multiplexes, and recreational centres.
- Connectivity to Nature: Goregaon is in proximity to the Aarey Colony, acknowledged for its inexperienced cowl and serene surroundings.
- Property Prices: Apartment Rs 18,604/sq.ft and Houses Rs 13,271/sq.ft
- Real Estate: Investors can find a mix of residential homes in Goregaon, ranging from affordable apartments to luxury initiatives, offering alternatives for diverse investment options.
Conclusion:
Mumbai’s suburban location gives awesome funding opportunities for property investors. Kanjurmarg West, Vikhroli West, Marol, Juhu, Andheri, Mulund, and Goregaon offer a combination of development ability, strategic area, strong infrastructure, and important services that cause them to best places to invest.
Conduct thorough research, visit specialists, and check your investment goals to make informed selections in this dynamic real property marketplace.
FAQ:
1. Are these areas suitable for long-term property investment?
ANS. These areas are well-suitable for long-term asset investment due to their growth potential, strategic area, and robust infrastructure.
2. How do I investigate the potential returns on property investment in Mumbai suburban?
ANS. To assess potential returns, consider factors such as location, connectivity, infrastructure development, market trends, and rental demand.