Flats in Mumbai

Posted by Sohail on July 12th, 2021

Investing in property in Mumbai is always a great decision. Whether it is to discuss the incredible soaring prices of real estate, to regret the high rent and deposit amounts, or discover the best investment opportunities, this high profile cities are always a hotspot for investors. Despite the elevated realty prices that the city is famous for, Mumbai features at the top in the list of favourable investment destinations in the country, because of the scope for high ROI many of its localities offer. Also,due to the current pandemic situation their are many unsold flats by the real estate developers in Mumbai, and there are delays in approvals for new projects in Mumbai, property prices in the city have stabilised. So, answering the question, investing in Mumbai is surely a good option for all.

Mumbai ranks high in the list of investment hubs

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 2018 report, jointly published by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Sydney, Melbourne, Singapore, Shanghai and Ho Chi Minh City were the top investment cities internationally.
The report also noted that the Implementation of the goods and services tax (GST) and last year's demonetisation 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 Ghatkopar (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. MICL Group is one the most trusted real estate companies in Mumbai and they have their projects in Ghatkopar too. Aaradhya Saphalya, one of the projects by the developer is a 13 storeyed residential tower constructed in 1904 Sq. mt. of the total area. Located in the prime area of Ghatkopar East - Garodia Nagar, it offers 2 & 3 BHK ready apartments with OC. Another project is Aaradhya Nalanda which offers luxury 2 & 3 BHK flats in a 7 storeyed residential tower constructed in 2723 Sq. mt. of area. It is in the heart of Ghatkopar East too.

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 modern amenities to make lives comfortable and full of happiness. These basic amenities can go a long way in ensuring a satisfying home-owning experience. Investing in a high security real estate can be a good choice since it will ensure your property is in safe hands.

Real estate in Mumbai is as grand as the city itself. As people continue to search to this dynamic and fascinating 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 stake to provide higher opportunities for investment and residence.