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 in very high and unstoppable. Only ensure that you choose the right developer and the correct location which is important for getting your ROI.
This mega metropolis is always under the radar of investors of the real estate sector. Despite the high realty prices that the city is famed for, Mumbai features at the top in the list of favorable investment destinations in the country. Find out the best investment opportunities, 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 surely 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 not only created liquidity issues for the real estate sector but also 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. They are also popular with investors looking for affordable investment options, with the promise of high returns. Regardless of whether it is round-the-clock security personnel or automated security devices, an unsecured apartment block is a bad choice of investment. Hence, these 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.
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 strong physical and social infrastructure for its citizens, while developers are more than willing to up the ante to provide great opportunities for investment.