Top 10 Emerging Areas to Invest in Mumbai - Part 2
May 2023
Kurla West, Mumbai
Kurla West is arranged right close to Bandra-Kurla Complex (BKC), the top business region in Mumbai. While it is estimated marginally higher than Kurla East at a normal of Rs 18,000 for every sq ft, it saw north of 10% cost development YoY and consequently is liked by individuals hoping to acquire out of their land speculations. SG Patil, Vendor, Gold Curl Land Expert, shares, "A significant lump of the accessible stock in Kurla West is for 1 BHK and 2 BHK units evaluated between Rs 50 lakh and Rs 1.5 crore. For individuals who wish to lease their properties, at least Rs 25,000 can be procured month to month from a 2 BHK home."
Gokuldham, Mumbai
Arranged along Goregaon East, Gokuldham is a conspicuous real estate market, significantly involving multi-story private units. It is situated a ways off of 5-10 km from significant business habitats like Oberoi Commerz, Nirlon Information Park, Mindspace Malad, DLH Park, Boundlessness IT Park, Lotus Corporate Park, and NESCO IT Park. The impending Oshiwara Area Center is additionally only six km away. Other business centers like Bandra Kurla Complex (18 km), SEEPZ SEZ (10 km), Kensington SEZ (13 km), MIDC Andheri (10 km), and Hiranandani Business Park (13 km) are likewise nearby, making it a sought-after private center in Mumbai. While the costs are somewhat higher at around Rs 20,500 for every sq ft, the YoY development has been roughly eight percent.
Goregaon East, Mumbai
Goregaon East is decisively arranged among Andheri and Borivali. With current normal property costs floating around Rs 20,500 for every sq ft, Goregaon East is viewed as an optimal objective for those searching for pocket-accommodating homes in Mumbai. It is connected with Jogeshwari-Vikhroli Connection Street (JVLR), Western Express Parkway and Chhatrapati Shivaji Maharaj Worldwide Air terminal. Nitin Kumar, Owner, Amogh Realty, Goregaon, affirms, "Its closeness to the business belt as well as the popular Film City goes about as an impetus to rental interest. Financial backers and land owners here can procure a typical month to month rental pay of Rs 40,000-48,000 for a 2 BHK unit."
Thakur Town, Mumbai
Thakur Town is a thickly populated region only one km from the Western Express Thruway (WEH). Evaluated at a normal of Rs 20,000 for every sq ft, this mid-pay region offers a blend of skyscraper and low-ascent lodging buildings, drawing in experts working in Andheri, Goregaon, and Malad. Additionally, it is something like seven km from IT Parks, for example, Connection point IT Park, DLH Park, Collaboration Business Park and Nirlon Information Park. The majority of the private undertakings are by designers, like Oberoi Realty, Kanakia Spaces Realty and Yard Land Pvt Ltd. Normal rentals for a 2 BHK start at Rs 36,000 every month, pursuing it a favored decision among financial backers.
Chandivali, Mumbai
Discussing Chandivali, Fortunate Sharma, Seller, Arrangements 4 NRI, shares, "An upscale focal Mumbai area, Chandivali is encircled by Andheri in west, Vikhroli in east, Sakinaka in south, and Powai in north. It is an undeniable private decision for individuals working in Powai and Andheri and along the LBS Street. Costs here normal between Rs 17,000 for each sq ft and Rs 22,000 for every sq ft. It has shown reliable value appreciation to the tune of 7-10 percent over the most recent five years. Further, the Powai Metro Station on Mumbai Mtero Line 6 is under two km from Chandivali, adding to its remainder of benefits". According to Vaibhav Singh, an inhabitant, while "the accessibility of public transportation" is excellent, "water deficiency is infuriating". Notwithstanding, endeavors have been made to address the water issue nearby.
While these areas offer private units at generally lower costs, guaranteeing better returns, over the long haul, it is encouraged to direct site visits and check the property completely prior to continuing ahead with the exchange.
Also read: Top 10 Emerging Areas to Invest in Mumbai
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