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Top hotspot areas for real estate investment in Mumbai

January 03, 2017 | Sarika Aggarwal

Top hotspot areas for real estate investment in Mumbai

Mumbai is the city of dreams, of glitterati, Bollywood, and is the financial capital of India. Perhaps the number of migrants in this city are one of the highest in the country. Those seeking greener pastures for a better life throng the city and the latter does enough justice to cradle many to higher scales of society.

Progress of the city and its dwellers translates into a bustling real estate as people constantly want to live in their own homes. Of late, realty has turned out to be a more lucrative investment sector as well and thus both end users and investors take an active interest in the sector and the demand is always high.

In recent times, some regions in MMR are showing high potential and are better suited for a sound and modern investment, promising better returns and better lifestyle as well. Here’s a quick reference check for some of the top destinations in Mumbai to invest in real estate.

1. Chembur

Located in Eastern parts of Mumbai, there is a lot happening here. Great infra, smooth connectivity via SCLR, upcoming monorail between Chembur-Wadala and Jacob Circle, closeness to BKC and Panvel, upcoming metro to Ghatkoper, all result in 20-25% yearly real-estate growth here. One such project that stands out is Spenta Alta Vista.

2. Thane

The superb connectivity via the EEH and WEH, this region is the melting point of frenzied realty activity now. Mumbai Monorail and Thane Railway Station connectivity holds a better promise as a future lifeline here, and high affordability are the major propellers here. No wonder many fine projects including Indiabulls Thane are coming up here.

3. Panvel, New Bombay

The advantage of meticulous planning with green splashes and as futuristic outlook, this area is well connected to Mumbai and Pune due to the Pune Expressway. The proposed 22km sea-link Between Sewri and Nhava Seva is being sought after, JNPT and upcoming International Airport re other advantages here.

4. Ulwe

Navi Mumbai gives luxurious sea-facing apartments here. CDICO has been undertaking progressive infra development here, a new International Airport is in the talks, a rail link from Seawood to Uran and development of SEZ’s and the Navi Mumbai waterfront look promising for a bright future here.

5. Kanjurmarg

It has excellent connectivity to EEH, BKC, Powai, Navi Mumbai and South Mumbai. This has seen it blossoming into a business centre. The airport is also close by. Hence projects like Kanakia Zen World are coveted spaces.

6. Powai

The green outskirts are now mainstream when it comes to modern development. It has a huge SEZ, connectivity via JVLR, Vikhroli and Kanjurmnarg Railway Stations are close by and the openness and greenery here is a fresh change. No wonder, projects like Shapoorji Pallonji Vicinia are a dream destination.

7. Virar-Vasai

Very affordable areas, these are connected via WEH, and the arterial roads are becoming better. A preferred choice for low income groups, this region is a hotspot due to many good schools, colleges, and other social amenities.

8. Sion

The heritage city is located between Mumbai and Salsette Island. The legendary Sion Fort on top of the hill is a charming view from the past. Real estate is picking up here with a lot of infra development and housing projects like the Ahuja O2 are modern wonders here. Metro connectivity will further boost connectivity in the times to come.

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