Gold , diamonds , equities , deposit schemes are not as lucrative as the realty estate market is , when you talk about investment . Real Estate is the most sought after investment options since it almost guarantees high-paying returns as well as easy regular income avenue .
Mumbai , the financial capital of India , continues to attract thousands daily , with hopes of employment opportunities, thus , demand for affordable housing is significant enough a sign to show that property prices herein Mumbai are here to increase & nothing else . Mumbai holds certain places which may render sky rocketing returns in the near future.
Here are those top 10 places that guarantee best returns / investment options in and around Mumbai :
1. Kharghar , Navi Mumbai
It is one of the most well planned sectors in this city . It has been developed by CIDCO , and holds upto 45 sectors , which are well organized and developed with respect to the infrastructure. Kharghar has growing employment opportunities due to growing industrial and commerce activity in it’s region . Good connectivity to other suburbs like Pune & Thane , both , through Central Railway Lines and and Mumbai Eastern & Western Express Highways . Wide roads , skywalks , central park , etc are few of the many reasons fuelling growth in this part of Navi Mumbai.
It is located on the eastern part of Mumbai and has witnessed huge infrastructural development in the past 5 years . It is in comfortable proximity to the South Western suburbs of Mumbai as well as the Central region . It enjoys excellent connectivity to Mumbai due to the SCLR which reduced travel time to half and made it seem effortless. Monorails will have further improved connectivity between Chembur-Wadala and Jacob Circle. Alongwith this , commercial hubs such as BKC and Lower Parel are situated at about a distance of 10-12 Kms , thereby commute would be less stressful and time-consuming . Chembur is expected to be connected to Ghatkopar ,soon , via the 2nd metro-phase . All these factors combined, realty experts expect the property prices to be on the upper side of the graph , with a gracious 20-25% increase YoY.
It is one of the most cosmopolitan suburbs of Mumbai. Once , barely people knew about it’s existence , however due to fast growing micro-economies , old buildings and small industries are now replaced by huge malls , and well planned residential and commercial complexes .Population is on the higher side , however , doesn’t keep it away from holding huge green spaces . Mumbai has always remained on the top for realty choices , however due to rising population and demands , the growth has wisely shifted and towards Mulund as well , through balanced commercial and residential growth.
Dahisar is in close proximity to the areas, such as Andheri, Goregaon, Malad and Thane through Western Express Highway. It also lies in proximity to several areas in Thane. This way it boasts it connectivity to nearby commercial establishments in Andheri and Thane. This is contributing to the growth of real estate market here. Along with this , realty rates are reasonable , considering the advantages of this region . Investment point of view , it can be a good bet , with several coastal routes being planned to connect the Northern and Southern part of Mumbai .
5. Ghodbunder Road , Thane
USP of this region is it’s fast connectivity to the eastern and western sides of city , thanks to EEH and WEH . Secondly , residential development has sped up in the past 5 years , considering it’s proximity to suburbs and growing industrial and commercial activity. Also , due to the expectancy of getting connected to Mumbai , even more directly, through Mumbai Monorail , in the coming decade , is improving consumer sentiments to invest here . Alongwith this , people travel to extreme city ends, prefer to live here , due to affordable realty prices along with the above benefits , making it a rare offer .
Some of the projects along Ghodbunder Road are Lodha Clariant, Raj Tattva, Acme Ozone, Runwal Garden City, Runwal Pearl, Runwal Eirene, Sheth Avalon, Dosti Landmark, Vijay Orovia, Rustomjee Urbania, Kalpataru Sunrise Grande, Lodha Splendora.
It is the heart of New Bombay . It has been the most advanced and well planned parts of New Bombay . It is smoothly connected to the exteriors of Mumbai , ie , Pune and neighbouring regions due to the Pune Express Way . Realty prices over here are soon to rise due to the proposed 22KM sea link between Sewri and Nhava Seva , thereby also descending the travel time to Mumbai . Also it is advantageous to invest due to it’s proximity to the upcoming international airport in New Bombay and the already active JNPT . It is protected, well planned and green region , surrounded by swarms , rendering it a perfect investment tag .
These twin areas form the most affordable housing and commercial locations . It is well connected to Mumbai through WEH and Western Railway Line and the internal connectivity has been improved in the past 5 years . It enjoys plenty of schools and colleges in it’s vicinity . The asset values have almost doubled in Virar , due to the low income groups citing it as destination providing holistic advantages , covering all their needs , without leaving the pocket too light . Prominent developers are seen in this twin township ( Virar-Vasai ) , as they have sensed the realty boom in this region; such as Mayfair Housing , Rustomjee , Ekta developers , etc .
8. Mira-Bhayander Road
It is one of the fastest growing suburbs in Bombay . It has excellent connectivity to the western regions through WEH and Western Railway Line . It is just 0.5 Km away from the WEH which connects to the international airport . It has a reasonably good infrastructure, socially as well . Good number of schools are present . Also proposed plans to connect Gorai and Bhayander , pushing the consumer sentiments and the realty prices as well , higher .
Lodha Codename Bullseye is an affordable project in Mira Road.
India’s First Smart city, Palava by Lodha group is a 4000 acres project. It is designed by Sasaki and scheduled to be among India’s most livable cities . It’s residential neighborhood is planned in such a way , that reaching any place for fulfilling daily needs doesn’t need a walk for more than 5-10 cities . Also it is one the greenest and safest cities in India, with 3 tier securities, club houses, schools, 100 acre central park, religious buildings, malls and multiplexes, a soccer groud, 9- hole golf course and cricket ground to name a few of the amenities within the city. Just 30 minutes drive from the upcoming international airport, Palava is infused with modern infrastructural planning and development . The proposed Taloja- Kharghar monorail corridor would pass through Palava . Taking into consideration all the above aspects , it is surely a great and safe bet to invest in .
Perhaps the only place to give you absolute sea view apartments after some significant SoBo areas, Ulwe has become investors hub and is the fastest developing location in Navi Mumbai. It has been transforming into a realty hotbed from a drowsy suburb since the last 5 years . The infrastructural planning and development taken by CIDCO , has given an impetus to Ulwe’s realty and business growth . Speculation and appreciation of real estates are being witnessed since the conception of Navi Mumbai International Airport’s proposal , which is in closest proximity to Ulwe . This region is also expected to further appreciate by all means , due to the upcoming Seawood-Uran suburban rail network , which will connect prominent business centers through a mass rapid transport system . Ulwe will benefit a great deal through development of SEZs ( special economic zones ) , such as Navi Mumbai waterfront , which is almost complete and the International Airport .