Important things to look out for if your old building is going under redevelopment
Mumbai has always been an absolute charmer where everyone wants to invest in. Just being a part of this city of dreams in itself is what people crave for. Most of people will contradict, but it is absolutely advantageous to buy a home in Mumbai in the long run. A budget of up to Rs 1 crore can help you own a home in one of the premium localities of Mumbai,
Here are 5 prime locations in Mumbai where you can find houses with the price tag of up to Rs 1 crore:
Thane is well-planned with modern infrastructure to absorb the demand for a convenient lifestyle. Localities like Godhbunder road, Pokhran road, Kolshet Road, Majiwada are witnessing a vertical growth, with sky-high residential and commercial towers.
Thane has proved to be Mumbai’s counterpart in terms of infrastructure and entertainment. Connectivity from Thane to Central Mumbai, Western Suburbs and Navi Mumbai is quite noteworthy. Eternity, Korum, R-Mall and the Viviana Mall are some of the many entertainment hubs in this area.
Schools like Smt. Sulochanadevi Singhania School, C.P. Goenka International School, Vasant Vihar School, Lodha World School and many others provide holistic education. Hiranandani Hospital, Horizon Hospital, Jupiter Hospital, Bethany hospital are reputed for their effective and reasonable medicare.
Properties to look for In Thane:
Rustomjee Urbania Azziano, Thane West (Rs. 1.02 Cr)
Unique Greens, Thane West (Rs. 75 Lacs to 1.02 Cr)
Madhav Palacia, Ghodbunder Road (Rs. 90.2 Lacs to 1.39 Cr)
Dosti Desire, Thane (Rs 85.83 Lacs - 1.42 Cr)
Puraniks Grand Central, Vartak Nagar, Thane (Rs 69.85 Lacs - 94.77 Lacs)
Surrounded by some major Maharashtra Industrial Development Corporation (MIDC), Panvel has always been a star attraction for many home buyers. Some of the Indian industry majors like Larsen & Toubro Limited, Reliance, Hindustan Organic Chemicals Ltd, ONGC, and IPCL are based around Panvel encouraging mass employment in this region. The JNPT port is also located near Panvel. To sum it all, the area is significantly known as an affordable housing segment which is enticing a good number of Mumbaikars to invest in Panvel properties. With the upcoming International airport resulting in an increase in residential projects, Panvel seems to be one of the great options for real estate investment.
For quality education, you can count on Panvel’s some of the educational institutes like DAV Public School, Delhi Public School and Thakur Arts and Science College. Shopping malls like K Mall, Mahalaxmi, and Orion Mall are some of the many entertainment hubs in this area.
Flats in Andheri seem to be apt to purchase or rent as Andheri is the hub for most of the corporate offices. Real estate investing in Andheri seems to be on a boom and is profitable at the same time, therefore, a surge in the property rates can be easily noticed. Andheri houses popular studios of Balaji Telefilms, Sony Entertainment, Sahara TV and NDTV thus encouraging more residential demand in this belt.
If we talk about connectivity, Andheri provides feasible transportation to Bandra-Kurla Complex (BKC) and SEEPZ (Santacruz Electronic and Export Promotion Zone) which acts as the hub of renowned companies such as Bizz India Pvt. Ltd and Global Link Solutions. Platinum Casa Divine, Andheri (Rs. 1.01 Cr to 1.93 Cr) is one of the projects that offer modern facilities and regardless to say, proffers to be a good investment option
Malad is a sparkling spot in Mumbai that offers simplified living and includes good infrastructure, amenities and connectivity to the other parts of Mumbai. There are many attractive residential options available in the area for all types of home-buyers. It is minutes away from the giant corporate park– Mindspace- that keeps your professional life motivated and unexhausted. Won’t it be a dream for us to have a home next to our office? The best part is that it is quite affordable from the standpoint of Mumbai’s real estate investing. Malad has a good connection to South-Mumbai through Western Railway and travelling to either side of Malad, be it Virar or Churchgate, is highly convenient.
Malad also has some reputed schools, to name a few - Orchids The International School, Universal High School, Mainadevi Bajaj International School and many more. Shopping malls like Inorbit mall, Infiniti Mall are some of the many refreshment options in this area.
Some of the premium residential projects in this stretch are Irene (Rs 95 Lacs - 1.40 Cr), Marina Enclave ( Rs 93 Lacs - 1.83 Cr), Sethia Imperial Avenue (Rs 65 Lacs - 1.40 Cr) and Tower 28 ( Rs 75.96 Lacs - 1.05 Cr)
Borivali has witnessed an increase in the population due to its proximity to various employment hubs and offices. International Airport is located at a distance of 18 kilometres from Borivali East.
The prominent schools in Borivali east include St John’s School, Seth MK High School, Municipal School, Gokhale College, ISMT Business School, St Rocks College of Commerce and Science, Institute of Management Studies and Junior College, etc. Further, the major hospitals in Borivali east include Ankit Hospital, Narendra Hospital, Parmar Hospital, Shatabdi Hospital, Metro Polis Hospital, Crystal Hospital, etc. also making Borivali a posh residential neighbourhood. Presence of more and more commercial hubs in and around the locality is also making Borivali a coveted working, as well as a residential destination.
Chembur eventually transformed from an industrial area to a residential suburb after the construction of the Township Colony, Shell Colony and Station Colony undertaken by the Bombay Housing Board. Today, Chembur is home to many more such colonies like BPCL Colony, Tata Colony, Pestom Sagar Colony, Indian Oil Nagar, HPCL Colony, etc. The Bandra-Kurla Complex is located 7.8 kilometres away via the Chembur-Link Road.
Andheri East, one of the many busy areas of Mumbai is located 11.7 kilometres away from the area. Lower Parel is at a distance of 9 kilometres via Sewri-Chembur Road. One of the upcoming business and IT hubs..Given its location and proximity to the city, any property investment in Chembur is assured to bring good returns in future. Good investment options to invest in Chembur are Premiere by Panache (Rs90 Lacs - 1.32 Cr) and Alta Vista ( Rs. 1 Cr to 2.29 Cr).
Once you have lived in Mumbai, it will surely be difficult for you to live anywhere else in India. . Thorough research will get you the right property at the right price. Narrow down your search to find your dream home at www.thepropertist.com, your preferred property portal.