Do you know that Mumbai is globally known for its expensive real estate with an ever-soaring property market? However, the prices here differ from location to location, and that’s why Mumbai has got something for everyone for all economic groups.
So whether you want luxury flats in Malad or Mira Road, you will get the best value for your returns if you choose the appropriate location based on your budget.
Property investment is an important decision, and while there are several reasons an individual might choose to invest in real estate, many do so solely for better returns on investment. To ensure valuable returns, investors must park their money in prime locations but at affordable prices.
The city is buzzing with homebuyers looking to invest in property to safeguard their income. A few popular suburbs in the city have contributed to this process.
Mumbai’s global recognition as perhaps the most expensive property market globally can be credited to areas like South Mumbai, Malad West, Bandra, Worli, Santacruz, Juhu, Lokhandwala, Yari Road.
Famous as Mumbai’s quickest development region- Malad, a suburb located in North Mumbai. Malad caters to some popular entertainment zones, shopping malls, business offices, large complexes, etc., making it a convenient location for many.
Why invest in luxury flats in Malad?
The now vastly developed suburb of Malad West was once sparsely populated in Mumbai city. However, with time, it witnessed increased housing demands, especially luxury flats and commercial spaces.
This magnificent growth in the market for residential property, especially 2BHK apartments in Malad West, gave rise to several buildings and complexes around the area.
Given the skyrocketing property rates in Mumbai city, individuals often find it impossible to afford the exorbitant rents and purchase values of homes.
But today, Malad is one of the most sought-after localities for luxury residential apartments, especially affordable, 2BHK ready-to-move-in flats.
The demand for real estate in the area has been on the rise. It has thus created an opportunity for prominent builders to focus on developing office and commercial spaces, independent houses, and complexes.
As a result, towers housing luxurious 2 BHK apartments for sale in Malad West are steadily on the rise.
Connectivity and infrastructure if you plan to invest in a 2BHK in Malad West
Reputed construction companies are some pioneers in the industry, bringing opulent and affordable 2BHK luxury flats in Malad West skyscrapers and condominiums.
These prestigious properties offer ready-to-move-in 2BHK and 3BHK homes in condominiums with exceptional Infrastructure and unmatched amenities such as clubhouses, sky decks, fitness centres, and infinity pools.
Furthermore, the location offers well-developed infrastructure and is easily accessible owing to the recent comforts of connectivity in Mumbai City. Public transport like taxicabs, buses, and rickshaws are readily available at every corner of every street.
Moreover, residential properties are close to multi-speciality hospitals, restaurants, international educational institutions, markets, grocery stores, banks, and ATMs.
The Somwar Bazaar is one of the famous markets in the area. In addition, the area is widely known for its commercial hubs and media production houses which explains why several migrants prefer renting out fully-furnished studio apartments or ready 2BHK homes in the Malad West.
Demand for luxury properties
The demand for luxury properties, especially ready-to-move-in apartments in Malad West, has been rising since buyers prefer investing in luxury flats in Malad, which they can later rent out for increased profits.
The business hub of Mumbai quickly rose to recognition as an area with some of the best properties to buy due to its proximity to Andheri and Bandra Kurla Complex.
While housing in affluential neighbourhoods is a dream for most of the city’s population, Mumbai has affordable suburbs that accommodate so many people daily.
And, if you are looking at investing in luxury apartments, a 2BHK luxury apartment in Malad West would make for a good housing option.