Top 10 Areas for Real Estate Investment in Mumbai – Best Places to Invest in Property
Mumbai is a bustling metro city which offers diverse real estate investment opportunities with promising returns. Several areas including Bandra, Andheri, Chembur, Navi Mumbai and Borivali are not only situated in strategic locations but also offer high ROI. Some of the major factors are strategic locations, robust infrastructure, and proximity to commercial hubs that ensure steady demand. Investing in these areas of Mumbai ensures attractive returns on investment making it a lucrative market for those seeking stable and appreciable property appreciation.
10 Areas to Invest in Property in Mumbai
1. Andheri
Andheri is a bustling suburb in Mumbai that is divided into East and West. The proximity to the Chhatrapati Shivaji International Airport makes it a prime location for professionals. Andheri West is known for its vibrant nightlife, with Lokhandwala Complex and Versova as popular hubs. Residential properties range from affordable to upscale, catering to diverse preferences. The ongoing infrastructure development enhances overall connectivity and convenience.
2. Panvel
Panvel situated on the outskirts of Mumbai, is emerging as a promising investment destination. Its strategic location near the upcoming Navi Mumbai International Airport and the Mumbai-Pune Expressway makes it attractive for real estate. Panvel boasts scenic surroundings, and the presence of educational institutions and healthcare facilities adds to its appeal. Property prices vary, providing options for both budget-conscious buyers and those seeking luxury homes.
3. Khargar
Kharghar, a node of Navi Mumbai, is known for its well-planned infrastructure and green spaces. The Central Park and Kharghar Hills offer recreational spaces, and the nearby Utsav Chowk is a popular cultural hub. The locality is favoured by families for its educational institutions and healthcare facilities.
4. Thane
Thane, often referred to as the ‘City of Lakes,’ has witnessed significant real estate development. The proximity to business hubs like BKC and excellent connectivity via the Eastern Express Highway contributes to its appeal. Thane offers a mix of modern amenities and natural beauty, with options ranging from affordable housing to premium residences. The presence of shopping malls, educational institutions, and recreational spots enhances the overall lifestyle in Thane.
5. Goregaon
Goregaon, located on the western side of Mumbai, is divided into East and West. The area is known for the Film City, which attracts professionals from the entertainment industry. Goregaon West houses the popular Oberoi Mall and Filmistan Studios, making it a vibrant residential and commercial hub. Real estate options in Goregaon cater to various budgets, and the upcoming infrastructure projects promise improved connectivity and convenience.
6. Bandra
Bandra, synonymous with style and sophistication, is a sought-after suburb in Mumbai. Known for the iconic Bandra-Worli Sea Link, it offers stunning views of the Arabian Sea. Bandstand Promenade and Carter Road are popular spots, and the area hosts upscale boutiques and eateries. Property prices in Bandra reflect its premium status, with luxurious apartments and celebrity homes. Its proximity to Bandra Kurla Complex (BKC) and the Western Express Highway adds to its allure.
7. Juhu
Juhu, synonymous with Mumbai’s glamorous film industry, is famed for its sprawling beach and high-end residences. Home to Bollywood celebrities, Juhu offers a mix of luxury apartments and charming bungalows. The vibrant Juhu Chowpatty is a popular hangout spot, and the area boasts top-notch schools and hospitals. Property prices in Juhu are on the higher side, catering to those seeking an affluent lifestyle amid the city’s cultural and entertainment hub.
8. Chembur
Chembur is a centrally located suburb, is transforming into a prime residential destination. The Eastern Freeway enhances connectivity, and the area features prominent schools and hospitals. Chembur is renowned for its green spaces, including Diamond Garden and Ambedkar Udyan. The real estate landscape in Chembur offers a mix of affordable and upscale housing options, making it appealing to both first-time homebuyers and those seeking premium residences.
9. Vikhroli
Vikhroli, situated in the eastern suburbs, is witnessing rapid development. The presence of business parks like Godrej One and good connectivity via the Eastern Express Highway makes it attractive for professionals. Vikhroli offers a blend of residential and commercial spaces, with upcoming infrastructure projects contributing to its growth. Property prices in Vikhroli cater to a diverse audience, providing options for various budget ranges.
10. Malad
Malad is a bustling suburb in the western part of Mumbai, is known for its commercial and residential developments. The area houses the vibrant Mindspace business district and Inorbit Mall, making it a commercial and entertainment hub. Malad’s Marve Beach provides a serene escape. Property prices in Malad vary, offering a range of options from budget-friendly apartments to upscale residences, catering to the diverse needs of its residents.
FAQs
1. Which location is best for property investment in Mumbai?
Andheri, Panvel and Thane are considered the best for property investment in Mumbai.
2. Where is the best place to buy residential property in Mumbai?
Chembur and Malad are considered the best places to buy residential property in Mumbai.
3. Where is the highest ROI in real estate in Mumbai?
South Mumbai has the highest ROI in real estate in Mumbai ranging from 10 to 12%.
4. Which is the most developed area in Mumbai?
Malabar Hill is considered one of the most developed area in Mumbai.
