People come to Mumbai with a lot of dreams and one of those is definitely high returns on their investment. Mumbai attracts investors especially real-estate investors from all over the country. The massive housing crisis in Mumbai has led to sky high real estate prices for even the smaller properties. Due to this affordability has become a major issue and returns on such high priced investments is not leading to good enough returns as people now look forward to developing places near Mumbai for new opportunities and housing.
Places near Mumbai like Nashik, are now attracting a lot of interest from both property developers and investors alike.
So let us take a look how to make a clever investment in residential property near Mumbai.
- Shift from expensive to budget segment:Market research conducted by Economic Times has showed that unlike the 2005-2008 era, people are now a lot more aware. They inspect the place, check credibility of the developer and also compare the different options based on price to size ratio. Also there has been a considerable shift in buyer interest from posh localities to affordable neighborhoods. Satellite towns like Nashik reap the benefits of good infrastructure and connectivity to the main city – Mumbai. Improving connectivity to the main city and becoming the choice of place for the people has brought down prices in the posh areas of Mumbai.
- Look for upcoming IT hubs and bridge/transport projects:Day by day Nashik is attracting the attention of several IT companies, be it domestic or international. IT employees like to stay near homes, so a lot of residential complexes catering to these people as well as commercial projects as well are being undertaken in the city.
- Shift from commercial to home property:Investment in commercial property has seen a dip in the last few years. Market research has shown that people are more interested in investing residential projects around Mumbai. Around 18% of the total housing launches in the Mumbai metropolitan region in 2017 were in Thane. Due to availability of huge parcels of land, the construction of both transport and communication facilities, Nashik is attracting a lot of attention from potential investors from all over the country. Some nearby satellite towns too has seen a rapid development in commercial as well as residential projects and has been attracting builders and investors for quite some time now and this number is only predicted to increase.
If you are looking for high quality residential projects in and around Mumbai, then look no further than Karmaa Group. With over 40 years of experience in developing Residential projects, they provide some of the most luxurious and affordable spaces in key locations in and around Mumbai. The Sky Villa near Mumbai is an example of luxury, architecture and affordability. All of Karmaa Group projects are bank approved and 100% authentic so you don’t have to worry about any kind of fraud.