Thanks a lot Mritunjoy,
Should i go for Andheri East? As i heard that the locality enjoys connectivity via Sahar Elevated Road, Airport Link Road, WEH and Jogeshwari Vikhroli Link Road (JVLR). What are the property options available and the current locality price per square feet?

Kaushik Bardia,

27th May 2015

Comment

Well Kaushik,
Not a bad idea. Andheri East offer properties in various configurations ranging from 1/2/3 BHK units. Most of the properties fall in the price range of Rs 60 lakh-1.2 crore. The capital value in the area is in the range of Rs 13500-15600/sq. ft.

Enjoys connectivity via Sahar Elevated Road, Airport Link Road, WEH and Jogeshwari Vikhroli Link Road (JVLR). It has two metro stations close to it. One at Azad Nagar and the other at WEH. A third metro station is being planned at SEEPZ SEZ. Andheri East is also close to the key business and industrial parks. SEEPZ SEZ is about 1.5 km away, while BKC is about 7.5 km away.

Mritunjoy Deb,

27th May 2015

Is Andheri East also close to the key business and industrial parks? How far is SEEPZ and BKC from Andheri East?

Kaushik Bardia,

27th May 2015

Hi everybody,
I want to invest in Panvel. What are the options available in Panvel and it's price? What is the current property rate is going on in the locality? How is the locality in terms of infrastructural development?

Kaushik Bardia,

27th May 2015

Comment

Good Evening Kaushik,
As per CommonFloor research, one can easily find 1/2/3 BHK units along with a few 1RK within Rs 60 lakh in Panvel. The property values are in the range of Rs 3800-4700/ sq-ft. The values may vary depending on the location infrastructure, amenities, facilities and other related issues.

It's effective connectivity via Mumbai-Pune Expressway, Sion-Panvel Expressway, NH-4, NH-4B and NH-17. A Navi Mumbai metro corridor from Vashi to Panvel is being planned. Ongoing development of the international airport in Panvel will improve the realty markets of the area.

Mritunjoy Deb,

27th May 2015

Hi,
As per the commonFloors' recent rental report, some of the top rental destination in MMR during the first quarter of 2015 are Mira Road Powai and Andheri East, Goregaon East and Malad West that an investor can consider for good rental returns.

Mansoor Bithal, Mumbai

21st May 2015

Comment

Hey Mansoor,
Which area in MMR has gained the maximum rental yield? And what may be the growth factors of that area?

Arushisha, Mumbai

21st May 2015

Hi Arushisha,
Mira Road is one of the fastest growing real estate hotspots in MMR in recent times and has gained the maximum rental yield i.e. 4%.

Growth Factors behind Mira Road :- 1) Good Transportation via regular BEST buses, MBMT (Mira Bhayandar Municipal Transport) and TMT (Thane Municipal Transport), 2) An extension of the Mumbai metro from Dahisar up to Mira Road is also proposed, 3) Nearby Western Express Highway, 4) Railway connectivity via the western line of the Mumbai Suburban Railway, Connected to Ghodbunder Road in the East, thus enjoys connectivity to Thane and Navi Mumbai.

Mansoor Bithal, Mumbai

21st May 2015

Thanks mansoor,
What about Powai? How much rental yield it gained during Quarter !st 2015? And what was the reason behind it as per commpnFloor?

Arushisha, Mumbai

21st May 2015

@Arushisha,
Powai is a north-eastern suburb of Mumbai and during qtr. !st 2015 it gained 3.5% rental yield. The growth factor were presence of Kensington SEZ, the extern express highway passes close to Powai, regular BEST and A/C Bus, the eastern freeway opened to public last year, which has significantly improved the area's connectivity with South Mumbai and important roads that connect the suburb include Jogeshwari-Vikhroli Link Road (JVLR) and LBS (Lal Bahadur Shastri) Marg..

Mansoor Bithal, Mumbai

21st May 2015

While searching for rental homes, I came across this website called www.buyrightmumbai.com. I'm sure they will be able to guide you with your query

Priyanka Yadav,

19th May 2015

Comment

Thanks a lot Shaunak,
Can you tell which among these have the highest rental demand and what are the reason behind it?

Suresh,

18th May 2015

Comment

Well Suresh,
As per commonfloor report and analysis, Powai is one of the famous localities in Mumbai. It has Kensington SEZ, which is an IT SEZ, and the famous IIT Mumbai. It is also being called the start-up hub of Mumbai. The rising population of students and IT professionals in this region is making Powai a good place for rent.
Kharghar is located close to the industrial parks in Navi Mumbai and also CBD Belapur.

Dayananda, Mumbai

19th May 2015

Hi Ravindra,
Top 5 rental markets based on availability are Goregaon East, Powai, Kharghar, Kandivali East and Malad West. Among the top five rental markets based on availability, four of them are located in Mumbai and its suburbs. Only Kharghar is located in Navi Mumbai.

Shaunak Verdla, Mumbai

18th May 2015

Comment

Hi Shaunak,
Where did you get those data from? How is the connectivity of these localities? Why the rental demand in those locality is all time high?

Suresh,

18th May 2015

Good question,
Actually, these report is based on Commonfloor report.

As far as connectivity is concerned, Goregaon, Kandivali and Malad have excellent connectivity to central business districts (CBDs) such as Bandra-Kurla Complex (BKC) and Andheri-SEEPZ via Western Express Highway (WEH).

Kandivali is one of the oldest industrial locations in Mumbai. Akurli Industrial Estate, Kandivali Industrial Estate and the famous Mahindra & Mahindra is located in Kandivalli and employs about 5000 people. which have driven the rental demand in this localities an all-time high.

Shaunak Verdla, Mumbai

18th May 2015

Thanks for the detail information,
Apart from availability which are the top 5 markets in MMR based on rental yield?

Suresh,

18th May 2015

Are you planning to rent property in MMR? Because, only needy people can ask question like that. Whatever it is, Mira Road, Powai, Andheri East, Goregaon East, Malad West are the top 5 localities based on rental yield.

Shaunak Verdla, Mumbai

18th May 2015