Best Locations to Invest in Real Estate in Mumbai 2019
Mumbai for the past 70 years has been an Investors Paradise. If you had purchased a one bedroom (1 BHK) flat in Andheri West – Lokhandwala in 1980 it would have costed you just say 2 Lakhs approximately and those days there was no Stamp Duty or GST or any other taxes for buying a property in Mumbai and life was simpler. The same flat today in 2019 would cost you more than 1.40 Cr. Which means the returns have been awesome and unbelievable.
Home Buyers and Investors over the past 5 years have not got more than bank interest rate returns and in certain micro markets, the returns over the past 5 years has been negligible and negative and the story goes that Mumbai is the financial capital of India and one cannot go wrong in investing here.
Real Estate markets are known to go in cycles and why that is important to understand and from here onwards, you need to be in the right cycle as an investor. The core being that when the property markets are down in Mumbai, that is the time to hit and invest in buying a home as you get a good price or a value of a deal in Mumbai. Property prices in mumbai currently are all time low of 5 years and on top of that if you really work on the deal with your best broker in Mumbai you will surely get some property returns in the future. Everyone says, markets are down, economic crash is happening, so one must not invest in real estate.
We been doing research and analysis on how to invest in best properties in Mumbai where you can get good returns and we feel that Thane may be a good bet to go for.
There are other places to invest in Real Estate/Property in Mumbai and they can be Andheri East, Andheri West, Goregaon East, Worli and Bandra East and Bandra West. By 2025 Mumbai will be a world class city with awesome infrastructure. By 2025 we expect a lot of reverse movement of NRI’s to Mumbai, India due to a better infrastructure and a world class city. A major reason for our previous comment is that the Non Resident Indians like properties which have infrastructure equivalent to those in countries like U.A.E, UK, USA and Canada. These locations with top developer offering world class properties offer amenities that can simply be defined as luxuries which are a must for Non Resident Indians.
Thane is one of the prime up and coming areas Real Estate markets in Mumbai. When comparing Thane to other satellite cities it has some of the most affordable prices and highest capital appreciation.
A 1 BHK flat in Thane for sale would come for around 55 – 90 Lacs (All inclusive) while a 2 BHK flat for sale in Thane would come for around 75 Lacs to 1.50 Cr (All inclusive). A flat in Thane in comparison to other areas like Mulund, Kalyan, Dombivali etc. is a better investment any day and the reasons are simple.
Huge IT Parks
TCS Olympus, Orion Business Park, Waghle Industrial Estate, Skyplex, Dusane & various new IT companies coming in Thane. This allows for an increase in the movement of individuals, families looking for work to shift closer to their place of business.
With excellent connectivity through Navi Mumbai with the metro to the Western suburbs of Mumbai through Mira Road.
Some of the top builders in the Real Estate industry in Mumbai have made their way to Thane. This includes Lodha, Kalpataru, Puraniks, Shapoorji, Raymond Realty. All of who are offering projects with huge residential complexes and amenities creating townships to increase development.
Thane city has become a major gateway to affordable living with luxurious projects and world class amenities at prices lower when compared to the Western Suburbs & South Bombay. Property values themselves have already raised by 20% – 30% and area already giving good investments on their returns.
Oberoi Realty is likely to launch its first project in Thane in a few months from now which will be one of the finest living experiences in Thane.
If you’re looking for more information in regards to making smart investment click here