As per local surveys and reports, on an average, 25,000 people come to Mumbai on a daily basis. This overwhelming number is reason enough to invest in real estate in this part of the country as the demand for property isn’t dying anytime soon. Depending on the area you choose to buy, the amount of rent you get is determined. In the more developed areas, this amount can go up to a few lakhs. So irrespective of the high real estate costs, buying a home or property in Mumbai is bound to give you a lot of advantages.
Take a look at 3 such merits of buying a flat in Mumbai.
Get higher resale value or rental income from your flat
Homes in Mumbai are known to provide a high return on investment owing to the fact that capital appreciation in Mumbai is very high in comparison to other Indian cities. This is courtesy of the elevated demand for residential as well as commercial spaces in the metropolis. Moreover, specific pockets in Mumbai are experiencing greater demand for property like Ghatkopar East or Powai. Homebuyers with homes in these areas have seen a 20% return on investment in just the last financial year.
Likewise, having a home in the southern parts of Mumbai are likely to fetch you higher returns of up to 50% on your investment in the time to come. This is because old parts of Mumbai have historic value and are considered to be more posh.
Enjoy all modern amenities
Whether you want to live closer to nature, want to experience modern lifestyle at its best or want to do both, you can do so easily in Mumbai. This is because the city houses the best real estate developments, skyscrapers, housing complexes, and luxurious apartments. So whether you want to purchase a home in the on-going project Neel kanth Woods Olivia in Thane, want to stay at Aaradhya Saphalya in Ghatkopar, or want to invest in a sprawling Lodha Palava City you can hand-pick the lifestyle you seek.
Regardless of your choice, you will always have a list of amenities and services at your disposal. Gated communities, 24/7 security, child-friendly construction, temples, gyms, swimming pools, and a children’s play area are just some of the facilities that you can expect.
Access superior connectivity
Mumbai is one of the most well-connected cities in India. Right from everyday travel options to weekend gateways by road, sea or air, Mumbai spoils you for choice. Extending over 400km, Mumbai’s local train network is vast and was the first railway network built in Asia. The widespread railway tracks connect you to every part of the city, so you can reach any corner within hours or minutes.
Apart from this, you can travel to states and union territories like Goa, Gujarat, Rajasthan and more in just a few hours thanks to the amazing road and rail connectivity. So, having a home in Mumbai gives you a logistical advantage irrespective of whether you are travelling intracity, intercity, or visiting an international destination.
So without further delay pen down your requirements and buy a flat in Mumbai to make the most of the bountiful benefits that are on offer. But in order to fund the purchase only depend on Home Loans by Bajaj Housing Finance Limited. Here, you can avail a substantial home loan sanction of up to Rs.3.5 crore, get in-person assistance for site visits and documentation assistance too. Before applying for the loan, do remember to check your pre-approved offer and grab the best customised deal to make your purchase.