Owning a property in Mumbai city a prestigious thing for any one living in India. People dream of buying a house in Mumbai city , some due to rates can’t afford , some due to lack of knowledge don’t want to take any risk. So you are among which category of people? Don’t worry f you have low budget to buy a house there are ample opportunities available in the suburbs of the city and if lack of knowledge is stopping you to invest .This article will surely help you in understanding the key locations of Mumbai city.
The city is located near the sea and full of life and fun for those who want to enjoy every moment of their lives. Let’s get a detailed understanding about main locations in the city which are best for real estate Mumbai investment point of view.
- Dadar: The area and the locality near the ShivajiPark is the best place in the city to invest in property. It is an old city area with all modern facilities to live an urban lifestyle .Many corporate offices are available in the area to provide employment opportunities to the professionals.
- Andheri: It is the prime location in the Mumbai city and the biggest suburb with a maximum population of the city. West part of Andheri is for residential and east is for both residential and commercial projects .Mumbai Airport is also located near East Andheri.
- Lower Parel: It is the area of Mumbai, which posse’s maximum upcoming projects and various developments in real estate.
- Worli: Best place to invest in property if you are a sea lover .Haji Ali Durgah is also located in Worli, which is visited by thousands of tourists across the globe. Numerous Bollywood starts stay in this location of Mumbai. It has maximum commercial properties to invest along with various star hotels.
Now hope that confusion regarding in which area of Mumbai to invest is clear. Secondly, you need to keep few points in your mind while buying real estate in Mumbai.
Check the rates of the locality on per square basic in which you are planning to invest. Once you know per square foot prices of the properties it will be easy for you to calculate the exact price of the property shortlisted by you. Sea facing properties are costly in terms of properties in the outskirts or suburbs of the city, so chose depending on your budget.
Analyze the market trends, whether property prices are going to rise or fall in the near future. So if you are buying a property wait for prices to fall and if prices are going to rise wait for time to sell your property for maximum profits from the investment. If you are buying a property only for the sake of investment, invest in properties with high connectivity with other parts of the town in comparison of amenities .It can be beneficial for you while selling the property in near future.
You can contact local agents or brokers to get best deal. But make sure to check about the property in detail. Tell the real estate agent about your requirement and affordability so that agent will show you the properties accordingly. Visit web to get a detailed idea about the property, developers of the property, reputation of the builder in the city. Also check whether the property is fully covered under al legal laws defined by the government to avoid any future issues after buying the property. If any legal flaws occur after buying the property then you will be responsible for it. So invest in real estate Kolkata, Mumbai and other cities very cautiously.