3 of the Best Locations for Buying Affordable Property in Mumbai

Mumbai is to India what New York is to US. It is ceaselessly exuberant and therefore the properties in Mumbai attract Indians and expats from all over the world.

In the past few years, Mumbai property scenario has burst out of proportion. Housing in Mumbai is sky-kissing and is increasingly becoming more and more expensive.

As the suburban parts are getting beyond the reach of the common man, here are some options for affordable housing in Mumbai that are gradually undergoing major makeover.

These areas are not only within affordability but also offers great transport connection across the city. Let us look at them one by one.

1. Mira Road

Mira Road is rapidly evolving to be one of the exciting places in town. Middle-class property buyers seeking affordable housing options are now turning their heads to Mira Road-Bhayander.

Modern housing complexes are springing across Mira Road. For people who enjoy a quiet and comfortable life, Mira Road has become a sort of paradise in the offing. It provides great value for money and easy connectivity.

To add to all this, its low-population makes this one of the best property locations in Mumbai.

2. Ulwe

Navi Mumbai is one of the areas in the city that has evolved in great pace in the past 8 years. It offers affordable homes with great amenities.

On one side we have Vashi, Chembur, and Panvel where housing prices are surging. On the other side, we see recently developed towns like Ulwe that are attracting lots of attention.

It also offers great connectivity with dense transport network. Navi Mumbai International Airport, Seawood-Uran rail network, and the Mumbai Trans-Harbour Link are all close to Ulwe and it is fairly evident that the property prices here are going to kiss the sky in the coming future.

If you are an investor or looking for a better housing option in Mumbai, either ways, now is the best time to invest in properties in Ulwe.

3. Vasai-Virar

Vasai–Virar is one area in the city that has held its own. The last 5 years witnessed leaps in housing demands. Real Estate experts anticipate nearly six times the rise in property rates since 2007 attributing it to growth and development in its surrounding areas.

Today, the property prices fall in the range of Rs 4,000 to Rs 6,000 per sq. ft. This is great for an area that offers great transportation links across the city centre along with various amenities.

To Sum it up

We looked at 3 of the most promising places to invest for housing in Mumbai. The future looks bright for these areas in the city. With the property rates across the suburbs touching heavens, it is best to buy Flats in Mumbai whose value will only increase in future. We are sure that these places will give you back more than what you invested.

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