Mumbai is the city of dreams. The city of aspiration. The city that never sleeps. And it is also India’s most expensive housing market. With demonetization and RERA, property prices in Mumbai have stabilised, to a certain extent. But is the maturing Mumbai real estate market still affordable? Mumbai’s population has risen by 983% since 1911. The demand is always outstripping supply. But there is hope yet. There are some individual pockets around the city that could still, despite Mumbai’s increasing housing prices.
To make your task easier, we have compiled a list of places you could start looking at right now. The first location that we identify being affordable is Virar. Virar is located amid the serene mountains and has good connectivity from all parts of Mumbai. It is among the first choice of Mumbaikars who wish to invest in affordable housing. The prices of 2BHKs in Virar scale up till 60 lakhs. Another good location is Dombivli. Research says that Dombivli is also a good place to invest at because of the growing population in Mumbai.
Homes in the lap of central Mumbai are also gaining popularity. Real estate developers in Mumbai have recently comes up with many new projects in Mumbai to cater to the needs of the growing population. The apartments here are spacious and invite good ventilation to the home. In terms of connectivity, by lying in the central part of Mumbai, they are already in an advantage.
Everyone’s idea of a dream home may be different, but since money is an object for most, these aspirations should be toned down accordingly. However, most homebuyers end up stretching their finances when they take the plunge to turn their dream into a reality. In trying to buy that perfect home, you might end up denting your finances beyond repair. Further, the costs involved go far beyond the sticker price. MICL Group is one of the oldest real estate companies in Mumbai who have been giving homes that don’t void your pockets and provide beautiful homes to pass on to generations. They have their projects in Ghatkopar named Aaradhya Residency and Aaradhya Nine are built with finesse and perfection. They have gained attraction of many customers because of the friendly service by the developer and the amenities that are ideal for customers in this price range. They are both a place to enjoy the luxuries of comfortable living. Customers have chosen and recommend the projects to others who wish to upgrade to a once-in-a-lifetime home where conveniences and connectivity add more time to life and give “Wings of Happiness” at these apartments in Ghatkopar. So, if your looking for 2BHKs in Mumbai you can opt for these projects and also the areas that we talked about.