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Real Estate Forum on Second Homes In Mumbai

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Q: Hey heard that Mumbai's secondary sales market will have to come down. Kindly discuss on this news and let me know.
Latest Answer: Hi, Registration data over the past three quarters reveals that an increasing number of Mumbai's home buyers and investors are moving towards new launches. Their objective is to capitalize on the significant price advantage that these projects offer. The lower pricing of new launches versus resale options – and the excellent response from buyers - is a clear signal to vigilant investors who have been scanning the Mumbai market for the right entry point.
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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?
Latest Answer: 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.
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