Q: I have heard a lot of people investing in second homes for self use or investment purpose. Can you suggest some of the areas in Mumbai, where it is wise to invest in second homes?
The reason for investment in a second home for Mumbaikars can be any. For some, it is just a weekend getaway from the hustles and bustles of city life. For others, it is just an investment option. The main localities which are famous for buying second homes in Mumbai are the far flung suburbs in the city. Some of the localities include Karjat, Murbad, Alibaug, Mumbai-Nasik Road, etc.