If you are one of those who have a dream to own a home in the dream city Mumbai, you first need to know what are the top markets where you can get this home. While buying a house, the location, price and type of house are not the only points to consider. Trends of value appreciation, types of builders, availability of important amenities and several other things must be taken into account before signing on the dotted line. If you only go after a low price, you can of course find Flats for Sale in Mumbai for 25 Lakhs, but can you get a comfortable life if that house is situated far away from the city nearby a barren land.
Taking all important factors into consideration, we have compiled a list of the top localities in Mumbai where you can buy a home-
Kandivali East
Kandivali East is one of the most sought-after real estate markets in Mumbai. Offering good quality real estate surrounded by rich greenery on one side and important amenities on the other, this is a great place to buy a dream home in. A good deal of Upcoming Projects in Kandivali East have been launched by renowned developers like Raheja, Kalpataru, Sheth Creators and Oberoi Realty. According to the latest reports, the locality sees a price appreciation of 10-11% year-on-year and the average price per sq ft is Rs 13,159.
Ulwe and Madh-Marve
These two locations close to Navi Mumbai have risen as important investment destinations in the city. Proximity to the Navi Mumbai International Airport is the most important reason why it came into the real estate limelight. It is evident from previous records that an airport acts as a catalyst for commercial development and ultimately social amenities and residential hubs. The locality is also very affordable with an average price of Rs 4,633 per sq ft.
Kharghar
Being the most coveted locality of Navi Mumbai, Kharghar is very popular among mid-segment buyers with average price as low as Rs 6,499 per sq ft. It also offers good natural beauty with waterfalls, caves and lush green landscapes. Prices are expected to appreciate at a faster rate in the future.
Mira Road
Mira Road is a part of Greater Mumbai and is the favorite residential spot for struggling actors. Its proximity to the commercial locations of Malad and traders hub of Borivali also increases the real estate demand. The average property price in Mira Road is Rs 6,366 per sq ft which matches the budget of all buyer segments.
This list caters to the mid-segment buyers’ needs. So if you are one of them, consider these locations for buying your dream home.