5 Mumbai Suburbs That Are Worth Investing In

Mumbai, home to untamed talent and the commercial capital of India, has been a dream

destination for all classes of Indian society for decades. The city is one of the priciest places to live in India. And for a reason. It’s the commercial hub of the country, the life force of the Indian economy. Consequently, the demand for affordable residential property for first-time buyers has witnessed unprecedented growth over the last few years. A first-time homebuyer has to look at several factors when deciding on the home they want to spend the rest of their lives in. These factors primarily include affordability, proximity to the workplace, ease of parking, accessibility of hospitals, schools, and availability of public transport. In an already crowded city like Mumbai, it’s the suburbs that are seeing the most growth. The suburbs are also well-connected, well-located and have all the amenities a first-time buyer would need for a great lifestyle. Let us explore some of the Mumbai suburbs that are the best fit for a first-time buyer: Thane Thane district is the neighbouring city of Mumbai but is considered to be a part of Mumbai by many, mainly because it houses many industries and offers the same standard of living as you would expect in a posh locality in the heart Mumbai. Thane is connected with neighbouring suburbs through the Central and Trans-Harbour Line Suburban railway network. Thane is also a great choice for investment because the demand for real estate in Thane is still on the rise despite the recent downturn in the real estate market. Kharghar Due to its proximity to the Navi Mumbai International Airport, Kharghar’s popularity as a residential hub has grown by leaps and bounds in recent years. With numerous promising housing projects underway and its existing robust infrastructure, Kharghar gives many options to homebuyers as well as investors. Navi Mumbai Navi Mumbai is home to several industries and unlike the older urban areas of Mumbai, has better infrastructure, wider roads, and desired cleanliness. Allowing access to all common utilities, Navi Mumbai and its sub-localities are attracting young families who are looking for a house closer to their workplaces. Airoli, Belapur, Nerul and a few other sub-localities of Navi Mumbai make it a great choice for those who are looking for affordable yet comfortable housing options in or around Mumbai. Mira Road One of the most rapidly growing suburbs of Mumbai, Mira Road has good connectivity with the rest of Mumbai and Thane. Having several hospitals and access to local trains and buses, Mira Road has become a popular destination new buyers of homes. The fact that many new housing projects are on the verge of completion here makes Mira Road even more alluring for first-time homebuyers. New Panvel Once considered as a far-off offspring of Mumbai, Panvel-New Panvel has grown into a promising neighbourhood for those looking for affordable and accessible housing. Several planned and proposed infrastructure projects in New Panvel and its connectivity with all the parts of Mumbai have resulted in a consistent rise in the demand here. In addition, the easy access to the new international airport and increasingly better connectivity by trains and buses have helped New Panvel emerge as a prominent housing destination for first-time homebuyers.