Residential Real Estate: 4 Places to Invest In Mumbai

Apart from being the richest city in India, and functioning as the financial and commercial capital, Mumbai also happens to be the most populous city in the country. This translates into a booming real estate sector, and sees more and more people wanting to settle in this city of dreams. With standards of living rapidly on the rise, investors are looking towards luxurious apartments with the best of facilities. This is where real estate development firms such as that headed by Asif Balwa, DB Realty, come in.

What makes Mumbai so conducive for the real estate sector is the presence of certain pockets, where investments have always been desirable. These areas are by far the most popular and wanted localities, not only in Mumbai but in all of India.

·         Bandra

Possibly the most commonly heard and popular area of Mumbai, this suburb is the third-largest commercial hub in the state, topped only by Mumbai city and Pune. This is because of the bustling Bandra-Kurla complex that resides here. The local railway lines, the Western Railway and the Harbour line, offer excellent connectivity to this part of the city. Another exciting part of the area is the Bandra-Worli Sea Link which connects Bandra West with Worli, making the location easily accessible. All of these factors, along with the opulence of the area, guarantee a sought-after but expensive investment space. It is no wonder so many Bollywood icons reside here.

·         Juhu

Otherwise famous for its beach and array of celebrities, Juhu also offers excellent apartments and is a prime housing location in the city. This area offers everything one could possibly need, whether it be schools, pharmacies, hotels and restaurants, and even religious places. Besides, Mumbai’s favourite tourist spot, the renowned Juhu beach also happens to be located here. Affluence, convenience and popularity- Juhu has it all, which only adds to its value and makes a flat here even more worth investing into.

·         South Mumbai

South Mumbai is already quite famous for its property prices that have not only surprised India, but also the rest of the world- enough to be ranked in the Global property Index. It is also one of the busiest locations, being the main business locality, and hosting a range of important buildings including the Reserve Bank of India and Bombay Stock Exchange. The unparalleled view of the skyline, especially at night, will take away any doubt regarding its worth. According to Asif Balwa, families should consider investing here.

·         Parel

The reason Parel is so heavily invested in, is its proximity to places where many happen to be employed, due to many offices being situated near enough. Another factor is its quick and easy connectivity with Worli and Nariman Point, both hubs of commerce. Yet, Parel manages to offer quite a happening social life, with malls, clubs and restaurants dotting the area. Invest here if your aim is to get excellent returns, as those employed nearby will always seek residence here.

These areas, along with those such as Worli are the most recommendable places to invest in. Before investing, be sure to do your research and be well-informed about the locality and society, as well as the developers and builders.