Investing in the Mumbai real estate sector is a lucrative option but also very costly. With the prices of decent apartments running into crores, many middle-class families prefer the neighbouring cities for investment purposes. But, the Mumbai real estate sector is considered among the best in the country and the apartments built by some of the best developers are aesthetically designed, comprise high-quality amenities, and offer homebuyers high standards of living. So if you have made up your mind to invest in the new residential projects in Dahisar or any other area in Mumbai, here are some localities that are best for real estate investment.
Over the years, Andheri (East) has emerged as one of the most preferred
real estate destinations in Mumbai both for affordable housing and commercial real estate. Good connectivity and proximity to infrastructure make Andheri (East) a popular locality for real estate investment. It is located close to the Bandra Kurla Complex, which is an employment hub, residential and business district and is home to many government buildings and private companies. The Western Express Highway and the locality’s close proximity to the National Highway 8 and Jogeshwari-Vikhroli Link Road make it accessible from all parts of Mumbai and the country. The Andheri railway station is the busiest station in the country and provides good connectivity to the locality. Purchasing a home in Andheri (East) will fetch good rentals.
- Dahisar is a locality situated in the northern most part of the western suburbs of Mumbai. The locality is home to several attractions and is a popular choice for homebuyers because of its well-developed infrastructure, social amenities and affordable homes within the city limit. Connectivity is provided by the Western Railway Line, Link Road, and Western Express Highway. The main attraction of the locality is that it is close to the Sanjay Gandhi National Park and it a gateway to the Maximum city from Thane, Mira Bhyandar, etc. Some of the social infrastructures in and around the locality include Singapore International School, The Don Bosco High School,Thakur Mall, Lifecare Hospital, Wockhardt Hospital
A suburb of Mumbai, Goregaon is strategically located between Borivali and Andheri. The suburb has emerged as an ideal real estate investment destination both in the affordable and premium housing segments. The Western Express Highway and Jogeshwari–Vikhroli Link Road connect the suburb to the rest of India while the Mumbai International Airport serves both domestic as well as international passengers. Versova-Andheri-Ghatkopar metro line has further boosted the growth of the real estate sector in Goregaon. The suburb also has a well-developed social infrastructure. It is home to some of the best schools, colleges, banks, entertainment zones, restaurants, hospitals, etc. Apartments in Goregaon are spacious and comprise the best of amenities.
Bandra is an upscale coastal suburb and is home to some of the most prominent citizens of the country. Good connectivity, infrastructure, and basic amenities make Bandra one of the best destinations for real estate investment. Situated here is the Bandra Kurla Complex, one of the city’s best commercial and residential districts. The offices of many leading banks, private companies, and government departments are located in Bandra Kurla Complex. Though the property rates in Bandra are amongst the highest in the country, the resale and rental value of the property will bring lucrative returns to the owner.
Whether you are planning to buy property to reside in, or want to earn extra income by renting it out, you should consider purchasing a property in Mumbai. The appreciation is good and the rental returns are very high. The city also boasts of some very good real estate developers like the Dynamix Group. One of the best real estate developers of the country, apartments constructed by the Dynamix Group are well designed and comprise all the comforts that a homebuyer needs.