Mumbai is always known as the most expensive real estate market in India. The value of the properties is so high, home buyers are waiting for more affordable options. According to this requirement, many real estate developers are now launching projects that offer 1 BHK and 2 BHK apartments at lower cost, as compared to standard per square foot market value. The new introduction is Daphodils, a project that offers 1 BHK apartments in Andheri (West), a popular western suburb in Mumbai.
Property prices are mostly influenced by the cost of land as well as the availability of connectivity and social facilities. Mumbai suburb, especially on the western belt; Navi Mumbai and Thane West connectivity are seeing improvements and are suitable for investment purposes. So investing in residential real estate in a city like Mumbai is definitely a smart move. According to Mercer’s 23rd annual cost survey, India’s financial capital Mumbai has been rated as the 57th most expensive city.
In the recent months, the luxury real estate segment has gained momentum in the maximum city and has introduced some proposals for consumers of affordable luxury accommodation, which includes huge luxury duplex and villas, Propside looks at Mumbai’s most famous micro markets You can invest in a property worth Rs. 1 crore.
South Mumbai is a high-end real estate house, marked by superb skyscrapers and advanced social facilities, in the micro-market, Malabar Hill, Prabhadevi, Worli, Lower Parel etc. are included in the areas. In areas where you can see private taxis from Autorickshaw, fine roads and rail links in South Mumbai are highly preferred by HNI and NRI,
The property seekers will get a 1 BHK apartment in Lower Parel with an average area of at least 650-680 square feet, which will have a price limit between Rs. 35,000 per square feet between Rs. 20,000 per square feet. The western suburbs of western suburbs Mumbai include the subtle cover – Malad, Andheri, Mira Road, Bandra, Borivali, Dahisar, Nala Sopara, Virar, Kandivali, Goregaon. These voices are establishing a Realty Marketplace with connectivity and rapid development of infrastructure.
Investment option in Andheri West: In an average 426-626 sq ft average area of BHK apartment, Rs 18,544 per square foot to Rs 20,544 per sq ft in central and eastern suburbs and other emerging markets in Central and Eastern suburban Chembur, Bhandup, Powai, Places like Mulund East and Mulund West are gradually emerging as the desired hubs for high-end middle-segment buyers
In the Thane West, 2 BHK apartments are situated between 539 and 739 sq ft, Khopoli, Ghodbunder Road, Ulwe and Panvel, which are good alternatives, including duplex and villa, 15 thousand 836 rupees per square feet. Kharghar is another well-planned area developed by the City and Industrial Development Corporation (CIDCO) to buy high-end assets, which is close to the Mumbai Pune Expressway.