Is buying a flat in Mumbai a good investment?
Buying a flat in Mumbai is one of the smartest investments you can make because Mumbai is the booming city of India, and its growth rate is very high and unstoppable. Only ensure that you choose the right developer and the correct location, essential for getting your ROI. This mega-metropolis is always under the radar of investors in the real estate sector.Despite the high realty prices that the city is famed for, Mumbai features at the top of the list of favorable investment destinations. Find out the best investment opportunities, and the scope for high ROI in many of its localities from the right source before you invest. Also, due to the considerable overhang of unsold inventory in Mumbai and delays in approvals for new projects, property prices in the city have stabilized. So, investing in Mumbai is undoubtedly a good option for all.
MUMBAI – ONE OF THE HIGHEST INVESTMENT HUBS GLOBALLY
Mumbai, Bengaluru, and New Delhi were ranked 12, 15, and 20 by survey respondents as top investment cities, according to the Emerging Trends in Real Estate Asia Pacific 2020 report, jointly published by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Other global investment options in the real estate sector are Sydney, Melbourne, Singapore, Shanghai, and Ho Chi Minh City.
The report also noted that the Implementation of the goods and services tax (GST) and demonetization have created liquidity issues for the real estate sector and impacted investment and development prospects of the cities, thereby pulling down their rankings.
Areas like Malad (East) have seen around 20% ROI in the last financial year. Residential projects from K. Raheja Realty – Raheja Residency, Malad East & Raheja Interface Heights, Malad West, always are a great investment option in Mumbai. Residential and Commercial projects in Malad, Mumbai. are also popular with investors looking for affordable investment options with the promise of high returns. Whether it is round-the-clock security personnel or automated security devices, an unsecured apartment block is a wrong investment choice. Hence, these residential projects are equipped with high-level security and safety mechanisms to safeguard your family. They have state-of-the-art amenities to make lives comfortable and full of happiness. These basic amenities can go a long way in ensuring a satisfying home-owning experience.
Andheri West in Mumbai has always been one of the prestigious residential areas in Mumbai. An investment option of an RTMI residential home in Raheja Classique in Andheri West will always be profitable in the long run. An investment in Andheri West, Mumbai, will pay huge returns immediately.
Real estate in Mumbai is as mercurial as the city itself. As people continue to flock to this dynamic and exciting metropolis, the government is taking steps to ensure a robust physical and social infrastructure for its citizens, while developers are more than willing to up the ante to provide excellent opportunities for investment.
K. Raheja Realty has established a name synonymous with trust and quality, standing tall with a legacy of 65 glorious years of excellence, inspiration, and passion. We have been dotting the skyline of Mumbai, Pune, Chennai, Bangalore, and Coimbatore with iconic landmarks that stand the test of time. We are committed to fulfilling the dreams of our residents by creating supreme lifestyles and modern living experiences. K Raheja Realty has successfully ventured into industries ranging from housing to hospitality and retail, with a richly diversified portfolio in urban developments.