The financial capital of India, Mumbai holds a strong base for real estate market. Being the top location for investment in all domains, for developers and home buyers, this is the right market to invest. However, on the flip side, Mumbai is also the costliest city for real estate and the price index is growing in a rapid phase. Surrounded by mangroves, Sanjay Gandhi National Park and the Arabian Sea, there is little space available for new development. Hence, re-development has been taking place rapidly. Many new projects in Mumbai, both luxury and affordable are coming up in suburbs and outskirts. Top real estate developers like Raheja, Dosti Realty, Lodha, Kanakia and others are coming up with new projects in Mumbai in different localities offering options for home buyers to invest on.
These new residential projects in Mumbai are characterized by their amenities, developers, size of the area and pricing. Key regions where most of the new residential projects in Mumbai coming up are- Andheri, Bandra, Goregaon, Borivali, Powai, Chembur, Mumbai Central, Worli, Dadar and Ghatkopar. Why choose Mumbai for real estate investment?
With MMRDA (Mumbai Metropolitan Region Development Authority) coming up with the metro project, the connectivity has further enhanced. This has also affected the property price in Mumbai. Top locality like Dadar (East) the average price starts from Rs 31,000 per sq.ft. Similarly, the estate price in Matunga is around Rs29, 900 per sq. ft. This fluctuating and difference in property price in different parts of Mumbai gives enough option for buyers to invest.
Whether you are looking for under construction projects in Mumbai or ready to move project, you will find that the average price of an apartment starts from Rs 35 lakh and can go to Rs 10 crore or even more, irrespective of the location, developer, sq.ft price of the area and amenities offered. So you will need to plan your apartment purchase accordingly.
At Flatfy, you will find some listed new residential projects in Mumbai. You will get the best deal if you are looking to invest in upcoming residential projects in Mumbai as per the budget. Flatfy serves homebuyers will all the data required to buy an apartment.