Ready to move Projects in Mumbai
Mumbai, financial hub of India is one of the most favorable investment destinations in India. The city is always expanding to accommodate thousands of people relocating to Mumbai in search of job opportunities. Ever growing metropolitan is well known for its high property rates and if you are planning to move to Mumbai, it is advisable to buy a property rather than renting out or shelling out huge deposit amounts.
Buying your dream home can be a big decision, which requires extensive research and planning. It is more favorable for buyers if they invest in ready to move projects in Mumbai as there is zero risk involved. It is wiser to invest in suburban corridors like Thane or Navi Mumbai as the prices of apartments are much lesser than the main city, with excellent infrastructure and promises a higher return on investment in the coming years. Due to excessive overhang of apartments in the area, prices have stabilized and buyers can get value for money. Another upcoming area is Panvel located in Navi Mumbai, which connects Mumbai to Pune. The upcoming Navi Mumbai Airport will be located in Panvel, making it a major attraction for investors. The development of the 8-lane expressway from Chembur to Panvel, Trans Harbour Link, Metro and the Monorail is expected to boost the property rates in Panvel.
India's first smart city 'Palava' is being developed by Lodha Group and will feature excellent infrastructure, connectivity as well as access to all facilities. Lodha Group is developing over 29 million square feet of prime real estate in Mumbai starting from the Napean Sea Road to Dombivili. This is a safe investment and will give high returns in the next few years.
Similarly Chembur East in Mumbai Central Line is one of the biggest developments happening in Mumbai. The suburban area has a number of upcoming infrastructure development projects in Mumbai. Located off Mumbai-Navi Mumbai-Pune Expressway, it has excellent connectivity via the eastern Freeway connecting Colaba to Chembur. It has become one of the prime locations in Mumbai with its close proximity to Navi Mumbai, BKC as well as Central and South Mumbai. Renowned developer Godrej Properties have a huge development in the area where they are offering ready to move projects in Mumbai with the best of amenities for home buyers.
Mulund is one of the most scenic locales in Mumbai and considering the current property appreciation rates investing in the area can be very lucrative. Mulund has seen 40% appreciation in property rates in the last two years and with the Mono Rail and Metro is coming up, property prices are expected to shoot up many fold in the area. The construction of Goregaon-Mulund Link Road, will further enhance connectivity and lead to an increase in property rates. Developer Oberoi Realty has an ultra luxurious project at Mulud which provides an ideal investment opportunity.
Apart from these Goregaon (East) in Mumbai Andheri-Dahisar and Vile Parle (East) & Bandra (East) in Mumbai South-West have posted over 20% price appreciation in the last year and are expected to witness an exceptional increase in property rates in the next 2-4 years. There are a number of reputed commercial, educational institutions and shopping centers coming up in the area which will further increase the property prices.
With thousands of people flocking to the city, developers are providing excellent amenities, discounts, freebies as well as infrastructure to buyers for ready to move projects in Mumbai. As Mark Twain rightly advised “Buy land, they’re not making it anymore.” Real Estate investors should take this opportunity of stabilizing property prices and strike a good deal.
