Mumbai is known
as one of the most vibrant cities of India. Besides being the trade and
entertainment capital of the country, it is also a city that never sleeps.
Mumbai is known to be one of the most populous in India and owning a piece of
real estate is a luxury of sorts! If portals like Sulekha Properties are to be
believed, the real estate advisory and recent talks about Mumbai properties
will show that there has been price stability and an increase in the
architectural wonders that line the landscape. This has also had a bearing on returns from property rentals in Mumbai. Read
on to know more about Mumbai properties.
- Eastern Corridor: The eastern suburbs of
Mumbai are an excellent real estate investment option. The rental returns here
are good due to the location of this area. This neighbourhood is also known as
the Central Line and includes places like Ghatkopar, Mulund, Vikhroli, Nahur,
Powai and Kanjurmarg. It also includes Trombay and Govandi. This area is also
often called the Harbour Suburbs due to its proximity to the seaside and shores
where a lot of fishery trade takes place. It is also well connected by rail and
road with the Eastern Express Highway. Capital appreciation here has also
picked up in recent years.
- Western Corridor: The western suburbs of
Mumbai consist of Andheri, Borivali, Malad and Santa Cruz, as well as Vile
Parle, Goregaon and Juhu. These areas have seen a major boom in the past
decades and the rental returns are extremely good. The price stability here has
been seen in the last few years after a huge price explosion took over the
market. Bandra, in particular, has seen a large boom in real estate terms and
even houses many designer, high-end properties including towers upon towers of
well-planned townships. This western sprawl is also well connected to the rest
of the city. The link road keeps this area connected to the rest of the city.
- Commercial Properties: When we speak of
rental returns, we cannot forget about the rise in the number of corporate
offices and BPOs that have been established in various corners of Mumbai. This
increase has been seen mostly in the western corridors including Andheri. The
international airport is also located in this part of the city which add to the
factors that make it a prime property.