Expert gives a lowdown of investment opportunities in Mumbai

Q: Is it a good idea to buy in far flung and underdeveloped locations such as Ulwe or in interior Panvel? What is ur view on it?

Dwarkesh,

4th December 2015

Investment Advice in Navi Mumbai

cidco

panvel real estate

ulwe realty market

investment opportunities in mumbai

investment opportunities in ulwe

investment opportunities in interiors of panvel

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Replies (3)

Hi everybody,
I am interested to buy a small farm and my budget is Rs. 8-10 lakhs. Is it good to buy land of 1 acre about 80-100 kms away from Mumbai?

James Desouza, Goa

4th December 2015

Comment

Hi James,
Land is getting dearer due to government's focus on manufacturing. Villagers have realised the value of their land and are looking for profitable deals, as the new generation of farmers are leaving agriculture trying their hand at other businesses. T^hus, a one-acre of farm land about 80-100 kms from Mumbai can suit your budget of 10 lakh only if it is in an area that is still not well connected and comparatively underdeveloped.

Chintakpujara, Mumbai

4th December 2015

Thanks Chintak,
Is there any options for farmers or people interested in farming to buy land of less than 5 acres with loan and financing?

James Desouza, Goa

4th December 2015

Right Abhishek,
And the reason is very simple as it is well connected with other parts of Navi Mumbai, and is relatively affordable. A 1BHK in Ulwe still costs only about 25-30 lakh, and such an investment will certainly grow over the mid- to long term with further development of the area.

Chintakpujara, Mumbai

4th December 2015

Comment

Hi,
Ulwe or the interiors of Panvel make good investment sense because of the upcoming developments in the region, such as the new international airport and the trans-harbour road.

Chintakpujara, Mumbai

4th December 2015

Comment

It is true. The airport is beyond schedule, but it will materialise as the current administration has realised the need for it to be developed on a priority basis. I would particularly recommend you to go for Ulwe, which has become very attractive for investment due to the development of a Special Economic Zone by CIDCO.

Abhishek,

4th December 2015