With real estate prices set to soar exponentially in the next few years, owning and purchasing a flat in a city like Mumbai will soon be a dream that many might fall short of fulfilling in the not so distant future. Investing in a home when the prices are still affordable, is something that every Mumbaikar is looking forward to investing in.
Owning a place in Mumbai is a prestigious thing, but buying in flats that are already constructed is something that not everyone can afford. The Mumbai real estate market has seen a massive hike in property rates in Mumbai. It is a known fact that Mumbai’s real estate rate are some of the highest in the world, and they are only expected to increase in the next few years
Where to buy:
Given the soaring property prices, Mumbaikars have now started looking for more affordable options. With prices of under construction buildings being as much as 20% lower than ready property rates, buyers and investors have been looking for upcoming projects in Mumbai. These projects provide more feasible options to investors and home buyers, as upcoming projects provide sufficient time and options to either arrange for the necessary fund, or apply for housing loans.
Assuming that you invest in a flat in the next few months, many of these projects are planned and expected to be completed in the next year or two. Keeping in mind the soaring property rates in Mumbai, at the time of taking possession of your home, its value would have appreciated significantly, thus making it an extremely attractive purchase and investment. Thus, looking for upcoming projects in Mumbai only makes sense and is a wise decision and the benefits of the same will be enjoyed by you in the next few years. In a city that’s expanding and soaring to new heights, it only makes sense to invest and enter the real estate market, not just from an investment perspective, but also from a safety and security point of view.