Real estate investing in Mumbai is always a hot topic. Whether it is to discuss the incredible soaring prices of property, to lament the high rent and deposit amounts, or discover the best investment opportunities, this mega metropolis is always under the radar of the real estate sector. Despite the high realty prices that the city is famed for, Mumbai features at the top in the list of favourable investment destinations in the country, because of the scope for high ROI many of its localities offer. Also, due to the considerable overhang of unsold inventory by the real estate developers in Mumbai, and delays in approvals for new projects in Mumbai, property prices in the city have stabilised. So, answering the question, investing in Mumbai is surely a good option for all.
Mumbai ranks high in the list of investment hubs
Mumbai, Bengaluru, and New Delhi were ranked 12, 15 and 20 by survey respondents as top investment cities, according to the Emerging Trends in Real Estate Asia Pacific 2018 report, jointly published by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Sydney, Melbourne, Singapore, Shanghai and Ho Chi Minh City were the top investment cities globally.
The report also noted that the Implementation of the goods and services tax (GST) and last year's demonetisation have not only created liquidity issues for the real estate sector but also impacted investment and development prospects of the cities, thereby pulling down their rankings.
Areas like Ghatkopar (East) have seen around 20% ROI in the last financial year. They are also popular with investors looking for affordable investment options, with the promise of high returns. MICL Group is one the most trusted real estate companies in Mumbai and they have their projects in Ghatkopar too. Aaradhya Saphalya, one of the projects by the developer is a 13 storeyed residential tower constructed in 1904 Sq. mt. of the total area. Located in the prime area of Ghatkopar East - Garodia Nagar, it offers 2 & 3 BHK ready apartments with OC. Another project is Aaradhya Nalanda which offers luxury 2 & 3 BHK flats in a 7 storeyed residential tower constructed in 2723 Sq. mt. of area. It is in the heart of Ghatkopar East too.
Regardless of whether it is round-the-clock security personnel or automated security devices, an unsecured apartment block is a bad choice of investment. Hence, these projects are equipped with high level security and safety mechanisms to safeguard your family. They have state-of-the-art amenities to make lives comfortable and full of happiness. These basic amenities can go a long way in ensuring a satisfying home-owning experience.
Real estate in Mumbai is as mercurial as the city itself. As people continue to flock to this dynamic and exciting metropolis, the government is taking steps to ensure a strong physical and social infrastructure for its citizens, while developers are more than willing to up the ante to provide great opportunities for investment and residence.