Why Should One Invest in Mumbai's Peripheries?

Being one of the most expensive property markets in India, Mumbai provides only a few realty opportunities to small investors. However, several suburban localities in the city have been emerging as the realty hotspots for the home buyers and investors. As buying a property in these peripheries of Mumbai will result in good capital appreciation and high rental yields in the future, many property investors and second time home buyers are. Particularly, Mumbai's eastern suburbs have been the most preferred property investment choice.

Also, the peripheries of Navi Mumbai are also witnessing a huge real estate demand in recent times. Some of the localities are grasping the attention of many potential home buyers in this region. Alongside, the state government has announced several infrastructure projects here. According to real estate experts, the localities like Dronagiri, Ulwe, Karanjade and Kamothe. With the upcoming infrastructure developments, buying a property in these localities will make the investors benefited in the long run. Thus, the home buyers are preferring these areas for property investment.

Further, the upcoming MTHL (Mumbai Trans Harbour Link) and the International Airport at Navi Mumbai will certainly improve the connectivity in these localities. The price of the apartments in Navi Mumbai, especially in these localities, ranges between INR 4,400 and INR 6,010 per sqft.

Apart from it, the steady property price appreciation is another factor that drives the realty market here. According to the sources, the capital values of apartments in Ulwe and Karanjade have increased by 6% and 10% respectively. Moreover, the heap of residential plots available in these localities has enticed many investors to purchase large land parcel which in turn increased the property prices in these regions. For instance, plots in Dronagiri were priced at INR 26,400 per sqft on average; in 2015 the prices rose up by 18% and cost an average of INR 31,135 per sqft.

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So if you are looking to buy a property in Mumbai for investment purpose then preferring these peripheries of Mumbai could be the ultimate choice. Apart from providing a high return on investment, buying a home in these localities will generate high rental yields in the future.