Why Navi Mumbai Is A Better Investment Than Mumbai For Property Investors
Why Navi Mumbai Is A Better Investment Than Mumbai For Property Investors
One of the most promising cities in India, Navi Mumbai has a lot to offer property investors. While Mumbai is known for its high real estate prices, Navi Mumbai is a cheaper investment option. Also, with the proposed International Airport and the Mumbai Trans Harbour Link, the city is on the cusp of a huge transformation.
The city is a heaven for investors, thanks to the abundance of infrastructure and skilled labour. The city is a home to various industries, including global enterprises and IT companies. In addition, it has a host of social infrastructures. These include educational institutions and entertainment avenues. Additionally, the municipality transport system in the city is one of the most convenient in the country.
As of now, Navi Mumbai offers housing options that are affordable and of a good standard. It also boasts of a well-planned and attractive city structure. Although, the cost of real estate in Navi Mumbai is still low compared to the price of properties in other cities of the country, the prices are likely to go up in the future.
Similarly, the municipal transport in Navi Mumbai makes it easy for residents to commute. Despite its size, the city has excellent connectivity with other parts of the city and with Mumbai. There are also regular bus services. Moreover, the airport is close to Navi Mumbai, making the commute even easier. And, the metro train is slated to be operational in the next few years, further enhancing the appeal of the city.
As far as the best investments in the city are concerned, one could argue that it is best to focus on commercial properties. Buying a prime space in Navi Mumbai for commercial purposes can provide investors with unlimited benefits. If a property is rented, you can earn a substantial profit. This is especially true in the upcoming years, when the ongoing infrastructure projects will be completed and influencing the demand for both residential and commercial spaces.
Another good reason to invest in a prime commercial property in Navi Mumbai is its location. Several reputable names in the real estate industry are developing projects in the area, including K Raheja Corp and Ascendas Singbridge. They are looking to set up their offices in the enclave.
A number of illustrious educational institutions are also located in the area. Other than that, the city also has several shopping malls, a hospital, and other essential facilities. Hence, it is no wonder that many people prefer to invest in property in this city.
However, when it comes to investing in real estate, one needs to conduct a thorough research. Among the numerous factors, the most important thing to remember is the availability of affordable property. For example, there are plenty of row houses and apartments available for rent in the city. Likewise, a large number of builder floors are in place to cater to the demands of aspiring homeowners.
Investing in a prime commercial property in Navi Mumbai will also help you achieve the best possible returns. Fortunately, interest rates are at a record low. With the Mumbai Trans Harbour Link and the proposed International Airport, the city will get an impetus from an already booming real estate market.
