In the current times, there are so many upcoming residential properties in Mumbai, that deciding which one to purchase has become an onerous task. The western suburbs of the city have quite literally turned into a real estate bonanza.
However, the question arises as to whether the real estate market would continue to be on an upswing. For how long would the pre launch projects in Mumbai stay affordable? What will the future look like?
Here is what you must know before considering any form of investment in the upcoming residential properties in Mumbai.
1. Transparent Laws
With the introduction of RERA, the real estate market in the western suburbs has become transparent, and flexible. This has induced confidence among the institutional investors, thus assuring a promising future.
2. Good Infrastructure
The western suburbs are receiving a massive infrastructural push. The government is working towards easing commutation between the western and eastern corridors. Public amenities are being provided. Projects are being nudged to finish within a short time, thus increasing demand.
3. Increased Connectivity
The biggest advantage of western suburbs is that they offer great connectivity. Be it the old projects in Andheri east or the new projects in Ghatkopar West, they are directly linked to the main city by metro and expressway. This has facilitated a seamless movement of people and goods.
4. Affordable Prices
Despite the rising demand, the prices of properties in the western suburbs remain affordable. Most pre launch projects in Mumbai are offering attractive deals and modest EMIs. It is likely to stay this way in the future.
If you are looking for secure, affordable, and stable projects in the western suburbs, you need to look no further than the MICL group. The gestation period of their projects is smaller, the response time is quicker and the possession is delivered in time.
The future of real estate in Mumbai's western suburbs holds immense potential. From the way things are progressing, it is only a matter of time before the western suburbs turn into the biggest real estate focal point of the city.