One of the first planned suburbs of Mumbai, Dadar realty market is today touted as a favourable choice among the middle and luxury homebuyer segment of the city. In its early days, Dadar is known as lower Mahim, but with fast pace infrastructure development and smooth connectivity, the property market of the locality has now become hosts to luxury and plush properties.
Once rural outskirts are now turning into Suburbs all over the map. May it be Mumbai, Pune, Chennai or Bengaluru; the driving forces behind all this expansion are new expressways, metro rail links, IT Parks and commercial hubs.
Let’s consider Mumbai: far flung areas are being enveloped in the fold of the Mumbai Metropolitan Region (MMR), such asUlwe and Taloja in Navi Mumbai and Ambernath in Thane. Some of these areasform the satellite cities of metros. These suburban places not only enjoy good connectivity but also decent infrastructure and social amenities. Many top rated schools and colleges are opening branches in these areas. Restaurant chains,malls and multiplexes, hospitals etc. are expanding to these locales, thus making the suburbs even more attractive.
Anuj Puri, Chairman and Country Head of realty consultancy JLL India says, “These suburbs are about convenience and shorter commutes, about fine living and a wholesome lifestyle. There are more open spaces here, with a focus on leisure and quality time with more companies, both Indian and foreign, establishing offices in the suburban locations.” [Read more…]
Investors always want to be the one to find the new up and coming suburb before it booms. But what are the signs to look out for? There is no better feeling than watching the value of your property skyrocket, and while some commentators look for falling vendor discounts or reduced rental vacancies, these figures aren’t readily available. There are far simpler ways to work out if your suburb is about to experience a price boom.
Neighboring Suburbs are in Hot Demand- The property market often experiences the ‘ripple effect’. As prices rise in one area, neighboring suburbs offer better value so demand rises in these localities often pushing up prices. If the ‘sold’ sticker is rapidly going up across homes in the neighboring towns, chances are your suburb could experience the outwards ripple of growing prices. It is a clear sign that this suburb is right for you. [Read more…]