If you’re looking to buy a home in Mumbai in 2022, you have landed on the right page! India is a big market full of opportunities, but why does everyone want to settle in Mumbai? A rhetorical question, right!
The city of dreams holds something for everyone. A well-developed infrastructure, effortless connectivity, easy access to basic public amenities, endless work options makes it a perfect location for migrants to settle down.
Besides serving as a financial base to multinational companies, several headquarters, and other industrial domains, the city attracts migrants from all across the world. Who doesn’t know that the best property to buy in Mumbai is almost like the dream of a million years!
But, the good news is that the myriad factors in the real estate market, like revised government policies, low interest on home loans, etc., have opened the doors of affordable housing decisions.
Pandemic and its ramifications have changed the behavioural patterns of homeowners and home buyers. People are now looking to upgrade to luxury and prefer ready to move in apartments in Mumbai.
Work from home, online education are the two most important factors that have triggered the need for more space and ultimately led to an unexpected rising demand for homes.
“Approximately 62% of Indians believe that the post coronavirus pandemic period is the right one to invest in real estate.”- Anarock Property Consultants & Confederation of Indian Industry.
The demand for mid-size and large homes like ready 2 BHK homes in Mumbai, especially 3 BHK homes, is preferred over smaller homes as per the recent study. Buyers with a limited budget can also look for 2 bhk flats for sale in Mumbai.
The ever-changing nature of real estate makes it challenging to identify the locations with maximum benefits if one wants to invest in real estate.
Best Property To Buy In Mumbai : Hidden Gems In Mumbai
Here’s your list of areas that are affordable with some great benefits.
- Goregoan East
- Andheri East
- Kandivali East
- Malad West
With the number of things Mumbai offers to everyone, it’s also inevitable that locations are one of the most significant aspects determining homes’ value. Properties with balconies and decks are still attainable in the areas mentioned above than those in the city’s south.
How Virar is a perfect spot for those who want to wake up to nature’s beauty, and similarly, Kandivali is one of the oldest housing destinations in Mumbai.
Where Andheri is a commercial hub, we can’t deny 2 bhk project in Malad will give you the best connectivity, and the affordable Malad 2bhk flat price will make you want to move here.
With multiple developers offering the best value homes with 2bhk in Malad, Vasai and other hot locations, make sure to not compromise on the quality and delivery time.
For example, you might get a steal deal under the name of 2BHK apartments for sale in Malad. Still, if it doesn’t have good ventilation, bigger rooms, attached washrooms, and excellent connectivity, we recommend you not rush with such a significant investment decision.
Do you know, “MMR alone recorded a sale of 20,350 residential units, which was 35% of the total sales of 58,920 units in the set of seven cities? It makes MMR the largest market for residential sales in the country. This sale of residential units in MMR was higher by 16% than the Q4-20 period and increased by 46% on a y-on-y basis.”
MMR with 31% of 6,41,860 homes for sale out of the top seven cities in the country is a clear indicator that demand for residential properties in MMR continues to be stronger than expected. And now you have the answer to what most people don’t tell you; why Mumbai is the best city for you.
As when everyone and markets almost started settling after the massive hit of Covid, it seems life isn’t getting any simpler with the new variant that has raised the concerns again.
But the question is, will the Omicron wave hit the Mumbai residential market again? Though it’s way too early to predict any significant repercussions, various reports state that the government seems better prepared to deal with situations arising from the Omicron variant of the COVID-19 virus.
With no immediate threat to the residential sector, one can still expect that the homebuyers will continue investing in Mumbai’s real estate market.
Did you know? The Finance Ministry has permitted a deduction of up to 1.5 lakhs for home loans pertinent to affordable housing till March 31, 2022. You still have time!
The Bottom Line
The real estate in Mumbai has witnessed a burgeoning transition. The cost of living in a metropolitan like Mumbai can be very high, but if you invest at the right time in the right location and on the right property, the journey will be much easier and smarter.
With the favourable residential policies, there cannot be a better time for you to buy a home in the financial capital of India.
So if you are looking for luxury and spacious 2bhk & 3bhk homes with attached washrooms in the heart of Malad, ASMITA SAND DUNES have got your back.