The city of Mumbai is frightfully expensive and real estate options within the boundaries of the city would most likely be more than your budget. However, with your budget you could find some very viable real estate options in the Mumbai region like Virar, Vasai, Mira Road, Boisar etc. It is important that you invest your money not just in a good locality but also in a good project with a builder that you can trust. A friend of mine recently told me that he invested in the Happinest project by Mahindra Lifespaces. The project is located in Boisar and offers a wide range of 1BHK and 2BHK apartments. It falls perfectly within your budget as well. Definitely looks like a viable option since it is affordable but also comes with the Mahindra brand assurance that there will be no compromise on quality of the project. Boisar is a part of newly carved out Palghar District. Boisar is fast developing into a residential hub due to its already developed physical & social infrastructure.
Hi, I would suggest you to go for Virar-Vasai. These twin areas form the most affordable housing and commercial locations . It is well connected to Mumbai through WEH and Western Railway Line and the internal connectivity has been improved in the past 5 years . It enjoys plenty of schools and colleges in it’s vicinity .
Kharghar in Navi Mumbai is not a bad idea if you are looking for a affordable housing. If it is a matter of property investment then i would suggest you to go for kharghar. It is one of the most well planned sectors in this city . It has been developed by CIDCO, and holds upto 45 sectors , which are well organized and developed with respect to the infrastructure. Kharghar has growing employment opportunities due to growing industrial and commerce activity in it’s region . Good connectivity to other suburbs like Pune & Thane , both , through Central Railway Lines and and Mumbai Eastern & Western Express Highways .
Hi Prathamesh!!! Here are those top 10 places that guarantee best returns / investment options in and around Mumbai : 1)Kharghar in Navi Mumbai, 2)Chembur, 3) Mulund, 4) Dahisar, 5) Ghodbunder Road Thane, 6) Panvel, 7) Virar-Vasai, 8) Mira-Bhayander Road, 9) Palava and, 10) Ulwe.
Yes, and Ulwe has become investors hub and is the fastest developing location in Navi Mumbai. It has been transforming into a realty hotbed from a sluggish suburb since the last 5 yrs . The infrastructural planning and development taken by CIDCO , has given an momentum to Ulwe’s realty and business growth . This region is also expected to further appreciate by all means , due to the upcoming Seawood-Uran suburban rail network , which will connect prominent business centers through a mass rapid transport system .