The residential real estate industry in Mumbai Metropolitan Region (MMR) is expanding rapidly, with new residential unit sales reaching an all-time high in 2023. This increase in demand and supply suggests that Mumbai’s real estate market will continue to thrive in the years ahead. Mumbai is one of India’s most desirable cities for residential and commercial property investment, owing to its varied economy, superb infrastructure, and vibrant culture. In this blog, we’ll look at the 3 greatest locations for property investment in 2024.
GOREGAON
Goregaon, a bustling suburb of Mumbai, is currently a popular real estate investment destination. Goregaon stands out for its dynamic expansion, excellent access to Dahisar East and Gundawali via Mumbai Metro Line 7, and growing property trends over the previous five years. Ongoing infrastructural development, including the Red Metro Line expansion to CSMIA International and the Goregaon-Mulund Link Road, enhances its desirability. Goregaon is positioned as a prospective investment area in Mumbai, with an upward price trend and future renovations that make it an appealing option for real estate investments. Ekta Tripolis is one of the most sought-after selections in the area. This sumptuous complex with 36 residential storeys with state-of-the-art amenities is the epitome of ideal living, with 2BHK and 3BHK flats and Penthouses.
SANTACRUZ WEST
Santacruz West is a suburban neighbourhood in the heart of Mumbai that provides excellent real estate investment prospects. It is close to major business areas like Bandra-Kurla Complex and Andheri, and it is easily accessible by the Western Express Highway. Because of their prime location, properties in this area are in great demand. Furthermore, planned Mumbai Metro Lines 2 and 3 will make Santacruz West even more accessible. The neighbourhood is also close to restaurants, retail malls, and movie theatres, making it a popular choice for both residents and investors searching for a fantastic spot to live or invest. Ekta Elitus, offering 4- & 5-Bedroom apartments, is one such sight-to-behold tower present in the location. Right from the grandeur entrance lobby to the automated residences, the site is sure to warm your heart. Its unmatched class along with with five levels of podium car parking and 11.5 feet high ceilings, will ensure that your investment pays off in the long run.
KHAR
In recent years, numerous sites in Mumbai have proven to be quite beneficial to real estate investors. One such region is Khar! It has proven to be a strategically beneficial position, with great access to important Mumbai hotspots and hubs such as Andheri MIDC, SEEPZ, Lower Parel, BKC, and more. Khar has seen an increase in housing developments and high-rise structures, attracting top real estate developers. It is a desirable housing location, and its growth has been steadfast. Thus, investing in this trendiest suburb with Evaana, Ekta World’s most popular project, provides a superb environment, lavish shopping and eating attractions, cafés, restaurants, and much more. With configurations of both 3BHK and 5BHK, this residence is guaranteed to provide you with the luxury lifestyle you have always dreamed of! In addition, you have a completely equipped gym, a part lawn, and a landscape garden to help you live comfortably and conveniently! We’re confident that this exclusive 17-story project for families and individuals has already swept you away! Without a doubt, it is the perfect combination of gorgeous architecture, mesmerising design, class amenities, and magnanimous appeal.
CONCLUSION
The most significant factor to consider while investing in a property is location, followed up by great amenities and accessibility. In order to have a peaceful life, taking into account your future growth plans is a must. So if you carefully choose a location that strategically meets your requirements and preferences, it’s worth every single penny. Knowing that the nature of the real estate market is ever-evolving, prioritizing the location before anything will ensure a successful living all while fulfilling your life goals. We hope this blog guides you in your most prudent investments and offers you precise market knowledge for long-term returns. Remember, your choices define you, and hence, tap into intelligence and invest wisely for a profitable future in Mumbai’s real estate market.
Also Read: Consider these tips while searching for a perfect home for yourself!