The real estate market is on a low. There’s no denying that even the city of dreams doesn’t have those lucrate property deals that it once had. The growth rates have slowed down and it takes about twice the time to get a high valuation from a property you invested in.
Having said that, there are still a lot of places that are showing bright signs of investment. This is the affordable housing segment that is proliferating at the fastest pace right now, leaving behind the premium property segment.
Investing in these properties is really beneficial and they don’t need you to empty yours and your family’s bank account. These small to medium investments have the capacity to reap in healthy future benefits, in terms of active and passive incomes.
Here Are Some Micro-markets To Invest In
The Developing Parts Navi Mumbai
The Navi Mumbai is witnessing a lot of development that is acting as the epicentre of buyer interest in the properties. The new Navi Mumbai Airport has already increased property valuation in the 10 km radius and the improved connectivity to the main city of Mumbai already acts as one of the significant factor for buyers.
Going with the flow, Navi Mumbai is also gaining more interest from the affordable housing segment and the property rates of the costlier areas such as Palm Beach Road have fallen. More IT companies are choosing Navi Mumbai due to the lower rates and Vashi is on a comeback spree for new development.
The affordable Housing of Mumbai
The markets of Chembur, Goregaon East, and Andheri West are observing a property price hike because of their affordable housing options. The more popular localities are on a downhill ride as investment ventures due to the shared loss in popularity.
Versova and Ghatkopar metro line is also due to bring in more investment in adjoining areas.
The Upcoming Projects in Thane
Thane has observed a high infra growth in past few years and in fact it stood out as the 18% shareholder of all the major housing projects carried out in or around the Mumbai region. These projects are selling out fast and are proving to be profitable investments.
The conversion of Thane into a metropolis is also backed by the fact that the residential properties are on a rise in Thane and people are readily looking for homes.
Opportunities in Pune
Pune could be dubbed as the land of missed opportunities due to its large amount of unsold properties. The voluminous growth in the infra in Pune triggered heavy construction activities that didn’t meet due absorption. Now these properties are being capitalized upon and a decent number was sold out in the last quarter of 2017.
Also, the projects that didn’t sell out considerably well have shrunk their prices, making Pune a great place to look out for, if you’re eyeing on some low-end investments in residential properties.
Circles mentioned in this article are great for property investment in Mumbai right now and with time, they are hoped to pick up as real estate hotspots. For more accurate investment information and personal guidance on them, contact Spacio Realtors.
Thank you for visiting our website. We are currently updating our website towards compliance of the newly introduced housing law for the State of Maharashtra i.e. the Real Estate (Regulation and Development) Act, 2016 and the rules and regulations notified thereunder.
In the interim, no information, images or material which is currently available / displayed on the website relating to builder projects shall be deemed to constitute any advertisement, invitation, solicitation, offer or sale of any such builders product offerings. Please contact us for any enquiry.CONTACT US