Top 10 property investment destination of MMR in 2015

Q: Goregaon East, Ghatkopar West, Powai, Ulwe, Malad West, Andheri East, Chembur, Andheri West, Dombivali East and Virar West are the top 10 property investment destination of MMR in 2015.

Miraniyatin, Mumbai

16th October 2015

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Replies (3)

@ Saran,
Apart from these two regions, it is observed that established markets in the Navi Mumbai and Thane region have good resale unit. Considering the fact that these areas are newer than suburban Mumbai, it is likely that most of the available properties for resale here are by investors.

Rituraj,

18th October 2015

Comment

Hey Suresh,
We can not ignore Powai, home to one of the major SEZ, also offers a good lifestyle along with a clean environment. It is considered to be one of the most preferred locations in suburban Mumbai.

Govinda,

16th October 2015

Comment

Hi Govinda,
In this way Dombivali East and Virar West are also one of the top 10 ROI destinations in MMR. However, they rank low in the list even though they have lower property prices. This is mainly due to their distance from prime business hubs in Mumbai and yet to be developed infrastructure.

Suresh,

16th October 2015

As per the commonfloor report, maximum residential markets with resale units availability are in the Western and Central suburbs of Mumbai. Many of these markets are old areas and as such, offer several properties for resale.

Saran,

17th October 2015

Mumbai, the financial capital of the country, continue to witness major demand for housing in spite of the high property prices. Over and above the popular markets for property in Mumbai Metropolitan Region, continuous growth in demand for housing has also led to the appearance of new real estate hot destinations that promise to offer good return on investment.

Suresh,

16th October 2015

Comment

Hi Suresh,
In those top 10 investment destination which locality is in top of you list? What is your opinion on Goregaon East and Ghatkopar West? Which parameters did you use to identify those localities?

Devika, Mumbai

16th October 2015

Well Devika,
The top 10 investment destination are identified by using different parameters such as price variation, absorption, resale unit supply, new launch supply and rental yield. Different weightage have been given to each of these parameters. And top markets are identified by considering the capital and rental returns.

Suresh,

16th October 2015

@Devika,
In top 10 investment destinations, Goregaon East tops the chart followed by Ghatkopar West and Powai. Both Goregaon East and Ghatkopar West have relatively lower property prices compared to prime areas of Andheri and Bandra, yet it offers similar lifestyle. Over and above, Goregaon West is an emerging IT Hub in Mumbai, which makes it and its surrounding areas well sought after ones.

Suresh,

16th October 2015