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.