Mumbai being a metropolitan city with the highest capital values, owning a home in this city may seem like a distant dream to many. But not many know that you can still get affordable options when you buy a house. You do not necessarily have to shell out crores to fulfill your dream of owning a house in this city. If you do a thorough research, you can find much affordable options in Mumbai. So you no longer have to close your book of dreams and you can start dreaming again.
Listed below are some of the most affordable options in this city to own a house. We are hoping to help you narrow down your research. These areas are developing and with time, they will soon be blustering with people.
Boisar which is basically situated in Thane district has everything from schools, housing societies and many hospitals as well. You could find a very good house of your dream within your set budget and without having to pay a big amount.
Nalasopara is another upcoming area. Many working professionals look for homes in this area. Nalasopara is developing at a much rapid rate with structured planning and improved connectivity systems.
Virar is an area which has huge growth potential due to a balanced development of residential & commercial space. There is also a very good railway connectivity to and from Mumbai. Also the mega township, Global City which is jointly developed by Rustomjee and Evershine Group attracted a lot of investments. The current rates are around 4000-5000 per sq. ft.
Navi Mumbai is also another area where there are many upcoming projects. Panvel, Ulwe are some the places people mostly prefer. Commercial and residential- both these aspects have enormous scope for growth. So if you buy one now, over the years the resale value will be much more.
There are many people who look forward to buy homes not to move in, but for investment prices. In cases like these the affordable homes are chosen for investments in these areas.
Our purpose to write this informative piece is to give you a first-hand knowledge about some the places in Mumbai where you can certainly find homes within your budget.
So do not be disheartened yet, you too can afford to buy a home in a beautiful city like Mumbai. There is nothing like living in your own home all decked up with your own creative ideas.