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2021-10-11
Real Estate Trends

Best Residential Areas To Live In Mumbai Suburbs

Mumbai, formerly known as Bombay, is the capital of Maharashtra state. It is the country’s financial and commercial hub and serves as a principal port on the Arabian sea. The city carries a legacy of rich heritage from various departments right from Architecture, to culture, to art and entertainment. A lot of people dream to be a part of Mumbai’s fast-paced lifestyle in search of better growth & job opportunities. Having said that, finding the right place for you to live in the City of dreams can be frustrating and daunting. Blessed to be one of the most diverse cities in the country, Mumbai has a wide breadth of areas and suburbs to choose from.

The most important factors in choosing the right place are proximity to work, the convenience of schools & colleges for families with kids, and affordable prices for the house. Living in some of the popular suburbs can come with a hefty price tag attached to it, however, multiple projects in Mumbai suburbs claim to offer a comfortable and luxury lifestyle at affordable prices.

Some of the best residential areas in Mumbai’s suburbs that have gained popularity amongst the real estate developers in recent times are listed below

1. Dahisar

Located in the northern part of the city, Dahisar has witnessed rapid development in social infrastructure, better modes of connectivity in recent times. The locality has also emerged as a prospective commercial hub due to forthcoming IT & Business parks. Needless to say, Dahisar is now one of the hot choices for property developers to target. Experienced in commercial and residential spaces over 2 decades, N.Rose developers in Dahisar, have presented their mighty project ‘Northern Hills’ in Dahisar East. The masterpiece which is soaring 676 ft. high into the skies is the tallest tower in the region.

2. Borivali

Borivali stands tall as a primarily residential area in the Northern suburb of Mumbai. Apart from Sanjay Gandhi National Park being one of the main attractions in the locality, schools, colleges, hospitals, cafes, and restaurants, Borivali has it all. Talking about connectivity Borivali is well connected to other parts of the city via Western express highway, S.V road, buses, taxies, and railways. Borivali Railway station is one of the most important & busiest railway stations on western lines as it is the starting point for local as well as many outstation trains.

3. Malad

Malad has gained popularity as the best place to live among working professionals as its a hub for MNCs. Situated almost at a center between the region Borivali – Andheri, it has added advantage of being accessible to all the major corporate offices in surroundings, providing some of the best street food joints and popular restaurants, Malad is the best choice to live for the young working-class crowd. The locality is also known for providing the best projects that aim at comfort & luxury for the middle class and upper-middle-class families.

4. Andheri

One of the largest suburbs in the heart of Mumbai, Andheri is home to some of the biggest corporate giants, Media houses, and IT companies. Being centrally located and having multi transit options makes life easier for people living in Andheri to travel across all the parts of the city. It is well connected to the western, southern as well as central suburbs of Mumbai via networks of roads, metros, & railways. Andheri also has added advantage of having Chatrapati Shivaji Maharaj International Airport in its proximity, as well as a domestic Airport in the nearby area, compared to other suburbs of Mumbai. From popular schools like St. Xavier’s High School, Sardar Patel College of Engineering to 5-star hospitals like Kokilaben Ambani & Seven Hills hospitals, to plenty of shopping centers and markets in the nearby vicinity, popular restaurants and world-class hotels like The Leela, Hyatt, ITC Maratha to name a few, Andheri provides all kinds of social amenities to its residents. For people who want to get closer to the town at a comparatively lesser cost, Andheri is the best choice.

5. Ghatkopar

Due credit to the infrastructural development over the past few years, Ghatkoper is emerging as one of the happening places in the central suburbs of Mumbai. With new businesses blooming in the area, it has now become a prime location for malls, restaurants. Typically Ghatkoper West can be categorized as a commercial hub, whereas Ghatkoper East is mainly a residential paradise with quality projects by some of the renowned developers of the city. The presence of top educational institutions makes this locality a respected place across Mumbai. Its metro station is well connected with other parts of Mumbai making it a convenient place for a day-to-day commute.

Every day the city of dreams welcomes thousands of people. Each one has different needs and expectations from the city. Each locality in the City has its pros and cons, and unique character. It is advised to know your needs and lifestyle expectations in-depth, before choosing a locality for your dream home in the magical city.


Real Estate Trends

Why Does The Housing Demand Spike During The Festive Seasons?

Buying a home is a big step in a persons life. For an Indian, it is one of the major milestones. It is an expectation, a responsibility that they must fulfill to hold a standing in the social and cultural structure. Buying ones own home is also a very auspicious occasion and warrants the blessings of the Gods. What better time to buy your home than the festive season? The major purchase done with Gods blessings becomes ideal for instilling positive vibes for new beginnings. Several other factors contribute to the overall spike in demand for housing during the festive season. Dahisar is an upcoming suburb of Mumbai that has witnessed the development of many new projects in recent years. Cultural aspect Festivals are occasions of positive atmosphere and general well-being amongst families and relatives. They are a time when families celebrate new beginnings and relive old traditions. The festival cheer creates a positive outlook and acts as a catalyst for making big decisions to make the most of the auspicious times. This is when most Indians prefer to take that leap of good faith and make big purchases like buying a home. The positive belief of a prosperous future for the families is reassured by making these major investments. Financial Benefits Most developers and builders are aware of the festive sentiment that buyers have. To give a final push to the leap projects in Dahisar East offer attractive discounts. These discounts save significant sums of money that the buyers can think of investing or using to decorate and design their new homes. The benefits are in the form of reduced prices, tax waivers, or additional amenities that appeal to new home buyers. These offers entice many buyers to make the move. Market factors Most developers plan their residential projects in Dahisar East in a way that the launch can be during the festive season to make the most of demand. This increases the competition leading to better deals and attractive offerings. The buyer has a wider choice in terms of sizes, configurations, and locations of different flats in Dahisar East. Festive seasons often witness a surge in exhibitions, trade shows, and real estate fairs. Prospective buyers can get all the information they need about multiple projects under one roof with easy comparisons. It is also a chance for them to strike lucrative deals with the project representatives and seal profitable deals. All these factors fuel the demand for new home purchases. Tax Incentives and Benefits Governments and financial institutions introduce special benefits and waivers to home buyers to push the overall demand for flats in Dahisar East. Reduced interest rates, discounts on charges associated with property registration and tax exemptions, etc. are some of the benefits offered. These act as an additional appeal to potential home buyers. The festive cheer and sentiment encourage the entire real estate ecosystem to get into action to increase property purchases. In India, the festive season that lasts for a few months sees the maximum purchase and investment in residential properties. ...
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Real Estate Trends

Exploring The Top Residential Areas in Mumbai

Mumbai is the largest real estate market in the country. The Mumbai property market is expanding at an unprecedented pace. There is a rise in demand for residential property in the metropolis buoyed by major infrastructure development. Currently, there are 9 metro line projects under construction. These metros will increase connectivity allowing easier commutes for working professionals. The development is poised to increase construction activity across all the localities in the city. Several micro-markets are already emerging in anticipation of the new metro lines to be operational. There is a greater focus on developing luxury projects that offer superior amenities as the financial power of buyers is increasing. All these factors make Mumbai one of the most lucrative property markets to invest in. The megapolis is seeing major construction activity across all suburbs and pockets. Some of the most popular residential areas are discussed below. Dahisar Dahisar is a northern suburb in the Mumbai Metropolitan Region (MMR). Once a sober suburb, there is a surge in new projects in Dahisar in recent times. Although the suburb is well connected by road and rail to other parts of the city, two new metro lines that are under construction will enhance the ease of commute for its residents. The social infrastructure is also developing at a fast pace to keep up with the ever-growing influx of home buyers. Due to these reasons owning property in Dahisar can be the best investment decision. Most reputed developers are now constructing luxury flats in Dahisar East compared to budget flats which was the norm a few years ago. The 2 BHK apartments in Dahisar are preferred by most home buyers. Mira Road The suburb next to Mira Road is Dahisar and it has attracted the same attention. Mira Road too is seeing upcoming metro projects that will improve its connectivity to the heart of Mumbai. The past few years have seen a surge in occupancy in the suburb shooting the property prices here. This also has seen tremendous growth in social facilities and leisure locations for young families that settle here. Mira Road can be a good option for investment in budget and premium brackets of residential properties. Thane Known as the satellite city of Mumbai, Thane is one of the prime locations that has seen immense real-estate development over the past decade. The city offers one of the best lifestyles that combines the hustle and bustle of the metro with a green and peaceful environment. With excellent facilities for living a comfortable life to fast developing connectivity and infrastructure, Thane offers a wholesome living experience. Navi Mumbai Panvel and Kharghar are two locations that promise good returns on property investments. The accessibility of Panvel to the upcoming international airport, infrastructure development projects, and low property prices make it a strong contender for investments. Kharghar is known for its lush green parks, wide roads, and well-planned infrastructure. For long-term investments, Kharghar is a good option as the property prices are comparatively low compared to locations in central Mumbai. Vasai Virar The property prices in Mumbai can be overwhelming. It commands the highest real estate prices in the country, and everyone cannot afford it. Vasai-Virar offers affordable options for investors who have budget restrictions. It is well connected to Mumbai, has ample facilities required for a family to thrive, and offers good choices for leisure and entertainment. ...
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