There is no doubt that Mumbai, the economic capital of India, is a dream space for many aspiring homeowners. After all, the city and the suburbs have a lot of variety to offer, from lush bungalows to premium apartments. But did you know Mumbai’s realty scene is equally profitable for long-term investment purposes? Why, yes!
Here is a list of top places near Mumbai to buy housefor real estate investment.
Thane has emerged as one of the top residential locations near Mumbai, offering seamless connectivity to Mumbai city and the new suburbs via the Central and Trans-Harbour railroad. As a part of the Mumbai Metropolitan Region, this region has seen tremendous infrastructural development over the past few years and attracted investors looking for a balance of modern amenities and lush greenery.
In particular, the Ghodbunder Road in Thane is an excellent location for budget housing if you’re looking for affordable options.
Located approx. 40km from Mumbai, Panvel has slowly become an investment hotspot. With efficient public facilities, rapid infrastructural and property development, and premium amenities, Panvel is one of the biggest property markets in Navi Mumbai you shouldn’t miss out on.
Now, with the construction of the Navi Mumbai international airport underway, it is expected to attract more residential projects in the area. With a commercially thriving neighbourhood, Panvel is a ripe location to buy house near Mumbaithis year!
Additional Read: All You Need to Know About CTS Number of a Property in Mumbai
Chembur has been leading the real estate market in Mumbai city for quite some time now. The expansion of transport infrastructure in Chembur has made it well-connected to the other parts of the city. The Santa Cruz – Chembur Link Road, the Eastern Express Highway, and the monorail from Chembur to Wadala are some of these notable developments.
It is also connected to the central business district, Bandra-Kurla-Complex; which makes it an ideal location for job seekers and consequently a good location for leasing a property.
As Wadala is located near the Eastern Express Highway and the Eastern Freeway, it is emerging as the new commercial hub. Being well-connected to Chembur through monorail and to Thane through the metro, it is a good choice for affordable housing near Mumbai.
Apart from being a famous weekend destination, Madh Island has become one of the most sought-after housing destinations near Mumbai. Being near Andheri, Varsova, and Maladh west, the demand for real estate has increased in the area. It offers a wide range of housing options, from bungalows and villas to apartment flats.
So, if you’re looking for a scenic place with good infrastructure, look no further than the Madh Island!
Additional Read: 5 Things You Need to Know About the Mumbai Luxury Housing Market
To sum up
Even with so many options available, affording a house near Mumbai might not be easy. Taking a home loancan help you fulfil your dream. With so many lenders offering reasonable financing options and affordable terms, you can obtain funds easily.
Searching for one? Well, Tata Capital is happy to help! We offer a broad range of affordable home loans in Mumbai at incredibly affordable terms. Now apply online using our digital, editable form and enjoy a contactless process till loan disbursal. Check your home loan eligibility here.