Mumbai is one of the country’s most expensive real estate markets, but it is also the best. Apartments are well-conceived, elegantly designed and comprise unique features that make them at par with international standards. Moreover, Mumbai is a safe city, and homes are a class apart, making it one of the country’s most vibrant real estate destinations.
Fast-developing Areas in Mumbai to Invest in
However, Mumbai’s real estate industry is in expansion mode, and the past few years have witnessed the development of several areas. These areas offer homebuyers spacious apartments that enjoy a strategic location and provide world-class amenities. So here are some of the best places to invest in Mumbai.
Recent years have witnessed rapid infrastructure development and commercialisation in Goregaon, transforming it into a remarkable residential destination. Homes in Goregaon are spacious and much cheaper than in the rest of Mumbai, making it a perfect choice for people looking for affordable houses.
The infrastructure is well-developed, and the Jogeshwari-Vikhroli Link Road (JVLR) and the Western Express Highway offer good connectivity to other parts of the city. Goregaon is popular among domestic and multinational companies, several of whom have established offices in this upcoming suburb. Besides the development of high-class properties enjoying proximity to workplaces, schools, hospitals, shopping complexes, and other social infrastructures has contributed to the region becoming one of the most popular residential destinations.
#2 Malad East
Malad East is situated in North Mumbai and is an ideal place to buy property in Mumbai. The area’s proximity to Andheri makes it a desirable destination for working professionals. Some of Mumbai’s finest localities and attractions, like Goregaon, Kandivali, Mira Nagar and others, are near Malad East. The region offers residents peaceful living and picturesque surroundings.
Social amenities are well developed and within easy access. Malad East is teeming with parks and beaches, ensuring people’s physical and mental well-being in this pleasant locality.
Kanjurmarg is one of Mumbai’s fast-developing real estate destinations. If you are looking for affordable homes, Kanjurmarg is the right place to invest. The locality is strategically located and enjoys excellent connectivity. Kanjurmarg is around 13 kilometers from Bandra Kurla Complex, a residential and business district. The Eastern Expressway Highway, LBS Marg, and Jogeshwari-Vikhroli Link Road connect the locality to other parts of the city.
The social amenities at or around Kanjurmarg are well structured. Premier educational institutions like IIT Bombay and St. Francis Xavier’s High School and hospitals like Sai Samruddhi Hospital are within easy reach. Kanjurmarg is excellent for living and investment purposes and offers homebuyers an abundance of high-quality 2BHK flats.
Mumbai offers homebuyers numerous options ranging from the affordable 1 BHK flats to the premium 4 BHK and above. The city is the country’s financial capital, and its robust financial sector makes it a lucrative destination for the professional class. Mumbai is witnessing continuous development and the emergence of fast-developing areas.
Boasting high-quality apartments built by some of the leading names in the real estate industry, these areas promise homebuyers high living standards. If you want to know more about the properties in some of the city’s fast-developing regions, you can check them out on Blox, a leading real estate portal. Blox will organise virtual tours to help you find the ideal home. So if you want to buy a home in Mumbai, check out these fast-developing areas.