In terms of real estate investments, Mumbai is the top choice for many due to the consistent demand and high rise in real estate prices. With rapid development, both in urban and semi-urban areas of Mumbai, Mumbai has become an ideal location to invest due to the future growth possibilities in the city. Let us look at some regions where you should invest in Mumbai:
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Bandra
The locality of Bandra is one of the most sought-after in terms of real estate. This is due to its historical, cultural, and developmental features. Bandra houses some of the most elegant Portuguese-era homes along with new luxury developments. Bandra’s cosmopolitan vibe, beautiful views, and the adjoining coastal line attract many people. Due to this, there has been a demand for residence in Bandra over the past few years. With the iconic Bandra Kurla Complex, the hub of major businesses and commercial offices in the country close by, Bandra is also an ideal place to live for entrepreneurs and employed professionals.
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Khar
Khar is a premium locality in Mumbai. Due to its closeness to the Bandra Kurla Complex, it is also a desired location for the working class. Areas like Carter Road, Santacruz, and South Bombay are also very close to Khar. It also houses some of the best educational and healthcare facilities in Mumbai. With a well-developed transport infrastructure, getting around Mumbai becomes easy with Khar’s central location.
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Santacruz
Santacruz is an emerging CBD of Mumbai, with premium residential projects in the area. Its geographical position also contributes to the demand for residential spaces. The ease of access to other parts of the city is another contributor. The Kherwadi Flyover, Santacruz Chembur Link Road, and the upcoming metro line provide quick access for residents in this area. The area’s closeness to top dining, shopping, entertainment, and leisure establishments has only increased the demand for residential spaces.
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Chandivali
Chandivali is an area that is quickly becoming a top choice for real estate investors in Mumbai. The area has abundant green spaces, natural beauty, and modern infrastructure. With easy access to the Western and Eastern Express Highways, the presence of metro stations within close vicinity, and the international airport within a 5 km radius, there has been a drastic reduction in travel time for residents in the Chandivali area. Furthermore, with the emergence of commercial offices, residential and civic infrastructure, and the closeness to SEEPZ - Mumbai’s key economic zone, Chandivali is an ideal location to invest in Mumbai. With Powai as its next-door neighbour, Chandivali becomes even more tempting to invest in with its reasonable real estate prices.
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Powai
Powai is one of the residential hotspots in Mumbai today. The rapid development of Powai from a suburb to a modern residential hub has attracted many people to invest and live in this area. This area enjoys good connectivity to both sides of the city. The Eastern Express Highway connects Powai to the west and south of Mumbai. The Jogeshwari-Vikhroli Link Road connects Powai to the western suburbs. The presence of some leading companies in the area, along with the famous IIT Bombay, has made this a location desired by entrepreneurs, working professionals, and students.
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Vasai-Virar
The area of Vasai-Virar has great historical significance, beautiful beaches, tranquil atmosphere, and for many years was an ideal place for a weekend getaway. In the past few years, this area has seen rapid development and is now home to some of the most elegant residential projects in the city. Vasai-Virar is located on the city outskirts but is well-connected to the city via the Western Express Highway and the NH 48. The Western Railway line connects this area to top locations like Churchgate, Bandra, and Andheri. The development of the bullet train, metro line, and the MMR ring road will further facilitate ease of access in this area.
