Top 5 Residential Areas to Buy a House in Mumbai

Mumbai is considered as a land of dreams and opportunities. With the hope of making some fortune, an increasing number of people come to Mumbai. Bordered by the sky blue waters of the Arabian Sea, this city has witnessed a rapid growth in the field of real estate development. Despite the risks associated with the real estate sector, this industry is witnessing a huge demand for residential housings or properties.

Real Estate Projects Are In Huge Demand

Mumbai is considered as India’s financial capital. However, it is one of the most expensive cities. However, Mumbai is offering a golden opportunity to investors. They are getting high ROI from the real estate market. Moreover, buyers prefer to invest in Real Estate in Mumbai as it’s offering many opportunities, both in terms of technology and innovation.

Growing demand for luxurious housing and residential hub are being made by the upper-middle class and middle-class people, the price of real estate properties is also soaring up. Many renowned developers are coming up with property redevelopment projects in Mumbai and in its suburbs.

Developers like Pranav Constructions are coming up with a huge number of residential projects in Mumbai‘s Malad West, Borivali East, Goregaon West, Kandivali West, and Malad East. It would be better if you invest your money to buy an apartment in any of from below Top 5 Residential Areas in Mumbai.

Malad West

This suburb offers hassle-free connectivity to both North and South Mumbai. Traveling to Mumbai or its outskirts is very easy due to the availability of multiple transportation modes.  It’s the home to many renowned schools, colleges, hospitals, malls, and supermarket. Added to that, top IT firms and MNCs are based here.

Borivali East

The popularity of this area is evident from the number of residential developments coming up in this area. Borivali has truly changed from being an agricultural land to a residential hubspot. Commuting from Borivali won’t be that difficult, as in the near future metro lines and central lines would be coming up. Presently, it’s well-connected with Western Express Highway. Projects from the house of PCPL are setting a benchmark of luxury, its close vicinity to commercial destinations like BKC and Goregaon make it a great choice for a residential area. Also, a good number of educational institutions are close by.

Goregaon West

Migrants mostly prefer to settle in Goregaon West. It offers budget housing to the people without compromising on the modern lifestyle. Travelling won’t get affected as it would remain connected with the rest of Mumbai through Western Express Highway and Link Road. Many infrastructural projects are coming up in Goregaon West to offer seamless transportation. Renowned colleges, institutions, and hospitals are in close proximity.

Kandivali West

It is one such area that’s worth investing. Recently, this area has metamorphosed into a profitable destination. Kandivali West has witnessed a quick development over the past two decades. The reason for its development is its close vicinity to commercial hubs, such as Nariman Point. It’s also the home to reputed educational institutions. Moreover, it is furnished with a huge range of civic amenities.

Malad East

The demand for affordable yet luxurious housing in Malad East is on the rise.  This area is well-known for the residential colonies and the IT hubs. Within close vicinity, many IT hubs are present. Reputed schools and hospitals are present in Malad East. Also, people get to enjoy eating food from posh restaurants to street-side food stalls. Looking for investment options in Mumbai? Research and invest in a property that seems best fit for you. Projects like Sparsh, Abhiram, Navchandrakunj, and many more from the house of Pranav Constructions are worthy of investment.