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Property Market In Mumbai Essay

700 Words3 Pages

Best Places to Invest in Mumbai
Mumbai, the financial capital of India has always been the first choice for many for residential properties in India. Its property market is legendry; however the focus of real estate investors is shifting with the changing dynamics. The three factors that dominate the property market are: demand, price points and growth prospects. Based on these factors, let’s see some of the best localities or places that are good to invest in Mumbai.
Wadala
Located in Central Mumbai, this locality attracts many investors and home buyers. It is surrounded by many quality educational institutions, such as, Veemata Jijabai Technological Institute, Mumbai Khalsa College, Dr. Ambedkar Commerce and Law College, etc. drives the demand for residential properties.
Apart from its proximity to Bandra Kurla Complex (BKC), it has gained prominence due to the many infrastructure initiatives, like, Chembur- Wadala Monorail, and the Eastern Freeway. This rapid development has resulted in doubling the property prices. Connectivity to other parts via monorail has impacted the real estate development furthermore, which has brought in many more home buyers. Today the price per …show more content…

Strategically located, it connects the central Mumbai to Navi Mumbai. This locality is populated with some of the best landmarks of Mumbai, they are, Tata Institute of Social Science, Golf Club, RK Studio, and Dr. Ambedkar Garden and Diamond Garden. When it comes to connectivity, it is the best place to reside as it is in close proximity to Easter and Western Express Highways that makes community easy to BKC and other business districts. There is no dearth for malls, restaurants, hospitals and good educational institutions. Today Chembur is one of the most desired residential localities in Mumbai. The price per square feet is around Rs. 16800 to Rs. 17500 with an annual appreciation of 15 to

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