New Delhi, July 27, 2016: The Central Suburbs of Mumbai is one area that has shown remarkable growth and development in the past few years. It has a vibrant social scene, modern day world class infrastructure and the connectivity here is getting better by the day.
This region, including developing locations like Kurla and Ghatkopar and locations that are showing rapid development like Powai and Mulund; has reaped the benefits of good connectivity and better infrastructure compared to many other parts of the city. Most of the properties here are also good investment in terms of rental returns. The major factors that attract a buyer and an investor are demand, growth prospects and cost and Central Mumbai Suburbs seem to deliver on these aspects.
To get a better understanding of ‘why should you invest in these locations’, let us look at it this way : Places like Ghatkopar, Powai, Mulund definitely have better connectivity. Ghatkopar is close to the Eastern Express Highway where as Powai is one of the best known Special Economic Zones in the state. It has a number of IT parks and multinational companies. The neighborhood here has all the amenities for a quality lifestyle and a well developed road and drainage network.
Investing in a property around the Hiranandani Hospital is a great idea. This location offers affordable homes that are priced upto Rs 1.5cr with rental returns upto Rs 40,000 per month. A major reason why people are also shifting their focus to Powai is the fact that it is located close to the international airport and is very well connected with the rest of the city – good connectivity is a major factor for home buyers these days. Powai being the place that has a number of startups, one can rent out properties here for commercial as well as residential use. The demand for rented spaces is expected to be on the rise in the next 4-5 years here.
Another location to especially watch out for is Mulund. With a number of townships and properties coming in here and with the proximity to the Monorail and Metro, this is the place with a bright future. Mulund is often called the most cosmopolitan suburb in Mumbai which is absolutely true since it is an ideal combination of old and new. Once known for mid range residential properties, it is now offering high range options too. The newer properties are extremely well planned and a number of new projects are lined up here. What is a bonus here is the fast growth shown in the development of infrastructure through the civic bodies. Property prices are bound to shoot up here by 2020.
Another key location is Kurla. Divided into Kurla East and Kurla West, it lies surrounded by the Bandra Kurla Complex, Sion and Ghatkopar. Being connected to Thane, which is yet another growing commercial hub, Kurla has some major properties coming up, along with some major retail brands too. Its proximity to BKC makes it easier for residents to have access to quality lifestyle as well. With the Santa Cruz-Chembur Link Road connecting Kurla with the Eastern Express Highway, it certainly enjoys a well connected location.
The Mumbai Central Suburb will see property appreciation by 2020-2025. Once the Goregaon-Mulund Link Road is ready, the property prices will shoot up considerably in the vicinity.
Born in 1975, Sushil Raheja is the chairman and founder of Raheja Homes which is a second generation family business since 1989 till present in the real estate industry. Sushil, born to a small time real estate broker made humble beginnings and is now better known as the real estate booster: what he has achieved is nothing short of a miracle. Displaying the best qualities as a builder and also a perfectionist in terms of quality, brilliance and excellence.
A commerce graduate armed with the right knowledge and experience in real estate, Sushil Raheja became the spearhead of his father’s venture in 1991. He took the reins and blazed to a success turning his father’s small time property business into a full-fledged construction and property selling business naming it Raheja Homes.With his knowledge in business and dynamic approach for the past 25 years, he has led the company to scale new heights and position Raheja Homes as a household name in the Central Suburban of Mumbai.
Sushil Raheja started his journey from selling properties to now achieving his goals as a builder in the past years. He has been a consultant to the top builders around India such as Kalpatru, Lodha, Hiranandani and many more. He has sold around 6 million sq ft of premises and land in around 12 years. His vision is to take the business to another level, creating around 10-15 township projects in the upcoming years.
Corporate Comm India (CCI Newswire)
