Which part of Navi Mumbai is a bustling realty hotspot?
In the recent past Khargar has transformed into becoming a robust realty market. In a span of few years, the rental prices have escalated over 30% and investors are now cashing in on the trend and purchasing various inventories with the aim to let them out on rent and earn a handsome annual income. Homes that spread over a carpet area of 900 and 1,350 square feet are estimated to generate rental returns anywhere between INR 9 and INR 25 per square feet per month.
How will the Metro change the realty scene of Mumbai?
The upcoming metro rail project which is set to cover most of the city- the absorption rate of homes is set to go up. Localities like Saki Naka, Marol Naka, Azad Nagar, DN Nagar, Subhash and Airport Road have already started to show positive signs of realty developments thanks to the metro. Neighbourhoods along the Versova-Andheri-Ghatkopar stretch have helped various white collared professionals from Versova and entrepreneurs from Ghatkopar which is thereby making these vicinities ideal rental markets. Apart from just pushing property prices up, the metro has also have a positive effect on the ROI of many properties in Mumbai. Capital values of homes near metro stations have appreciated a lot – making the realty sector very favourable for end users and investors.
Why is Thane becoming a realty catchment area?
With most of the localities reaching their saturation point, various suburbs and peripheries are fast developing into residential hotspot regions. And Thane is one region that has shown positive signs that has enticed both property developers and potential home buyers. Apart from this, the presence of large open spaces, wide roads and rapidly developing physical infrastructure has played a pivotal role in developing the region’s realty sector. A property in Thane today is a hit amongst many MIGs and builders are cashing on the demand and are offering many affordable housing units that range anywhere between INR 3,000 and INR 3,200 per square feet. Some of the active neighbourhoods include Kapurwadi, Badlapur, Hiranandani Meadows, Kalyan and Ghodbunder.
Where can one rent an apartment in South Mumbai for under INR 20,000?
Neighbourhoods like BA Marg, Elphinstone, Kamgar Stadium and SidhiSadan are ideal destinations that offer homes for a tight rental budget. Bachelors, families and working professionals from neighbouring office parks are renting out spaces here. The robust rental market has attracted many investors who are now furnishing apartments only to earn a few extra bucks. Rental yield for 1 BHK apartments here are estimated to be fall between INR 15,500 and INR 17,000 per month.
What do properties in Badlapur have in store for the buyers?
Although the movie has had a positive impact on the realty sector, it’s the infrastructural developments that have actually brought Badlapur on to the realty map. The MMRDA has approved the creation of a volley of projects here. Real developers are cashing in on the housing demand by offering various affordable and mid-segmented homes. Connectivity via the Panvel-Bhimashankar-Chakan Highway and the Neral-Badlapur Highway have roped in a lot of investment. Recent reports document that the vicinity is all set to have 150 residential projects that will offer 1, 2 and 3 BHK apartments anywhere between the price band of INR 20 lakhs and INR 60 lakhs.
Nidhi C Thacker for IndiaProperty.com
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