Outskirts and city suburbs attract those looking to invest in flats in Mumbai
Investing in real estate today is indeed one of the best ways to make your money grow and many individuals have begun indulging in the same, putting their hard-earned money in real estate to gain tremendous profits after a period of time. However, with the prices of flats and apartments in Mumbai rising quickly, most investors have begun looking beyond the city limits for property, choosing to buy space in the outskirts.
According to a survey, nearly 50% of the population who invested in real estate has picked suburban Mumbai while 80% of those planning to invest have planned for a suburban property too. “Suburbs are increasingly becoming connected to the city centre making them more accessible than ever. Affordable prices along with enhanced infrastructure developments have ensured regular inflow of buyers,” says Rajeeb Dash, marketing head at Tata Housing Development.
Commercial development these days isn’t just restricted to the heart of the city and areas like central and south Mumbai. Suburbs like Borivali, Malad and Goregaon are quickly developing and are enjoying a commercial boom off-late, with malls and shopping arcades sprouting up along with commercial office spaces. “Investors see these locations as growth corridors and put their money. Eventually as infrastructure develops end users also start moving in,” added Dash.
The outskirts and the city’s suburbs seem to be the ideal place to invest in flats and apartments in Mumbai. There is no denying the fact that these places are quickly developing to keep up with the multitudes of people moving in, most of who are those who have sold their smaller apartments in southern Mumbai, to buy multiple bigger homes in the outskirts. These apartments are then rented out and work as a great source of income, turning profitable over a short time and selling for better prices later on.
To know more about the availability of apartments in Mumbai and in the suburbs, visit www.snapghar.com today. Also, avail spectacular discounts on commercial and residential apartments in Mumbai right here!
According to a survey, nearly 50% of the population who invested in real estate has picked suburban Mumbai while 80% of those planning to invest have planned for a suburban property too. “Suburbs are increasingly becoming connected to the city centre making them more accessible than ever. Affordable prices along with enhanced infrastructure developments have ensured regular inflow of buyers,” says Rajeeb Dash, marketing head at Tata Housing Development.
Commercial development these days isn’t just restricted to the heart of the city and areas like central and south Mumbai. Suburbs like Borivali, Malad and Goregaon are quickly developing and are enjoying a commercial boom off-late, with malls and shopping arcades sprouting up along with commercial office spaces. “Investors see these locations as growth corridors and put their money. Eventually as infrastructure develops end users also start moving in,” added Dash.
The outskirts and the city’s suburbs seem to be the ideal place to invest in flats and apartments in Mumbai. There is no denying the fact that these places are quickly developing to keep up with the multitudes of people moving in, most of who are those who have sold their smaller apartments in southern Mumbai, to buy multiple bigger homes in the outskirts. These apartments are then rented out and work as a great source of income, turning profitable over a short time and selling for better prices later on.
To know more about the availability of apartments in Mumbai and in the suburbs, visit www.snapghar.com today. Also, avail spectacular discounts on commercial and residential apartments in Mumbai right here!
Labels: apartments in Mumbai, Flats in Mumbai, Real Estate, real estate in Mumbai
posted by SnapGhar @ 11:08
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