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.
Located in the eastern central part of Mumbai, Kanjurmarg is a thriving and vibrant suburb with tranquil surroundings, lush green ambience, and serene locales. Due to its well-developed social infrastructure and comparatively affordable average property rates, many home buyers are flocking towards this region to invest in their dream home, hence making this area a sought-after realty hotspot.
Take a look at various factors that make Kanjurmarg a coveted real estate hotspot in Mumbai:
With a mix of both luxury and affordable segment, Mumbai’s residential real estate market has always attracted homebuyers towards itself. In recent times, many launches took place in the suburban areas of the city. Still, Mumbaikars are more attracted towards ready-to-move-in properties rather than under-construction or the newly-launched one located across areas of Navi Mumbai, Thane, and other suburban areas.
So, check out top areas to buy ready to move in homes in Mumbai and other suburban areas:
A thriving part of the Mumbai Metropolitan Region (MMR), properties in Virar are on upswing currently due to its tourism and construction of many residential projects. Many Mumbaikars who are looking for affordable homes are eying this region of Mumbai and have migrated to become a proud owner of their own home.
Take a look at various factors that have made Virar a realty hub in Mumbai:
The BDD (Bombay Development Department) chawls in Worli are the earliest and the largest of the current residential areas in Worli. The BDD chawls provide the middle class and the lower middle class of Mumbai a better means of living due to its central location. Though Mumbai has a glamorous real estate market, modern homes are out of the middle class reach. Many of the EWS and Middle Class families are residing in the BDD chawls.
These were prison buildings during the British rule which were later converted to residential use. Buildings contain one-room apartments. The BDDchawls are located at Worli, Naigoan, N.M Joshi Marg and Sewri. The largest being that in Worli and the smallest at Sewri. [Read more…]
A satellite town or satellite city is a concept in urban planning that refers essentially to smaller metropolitan areas which are located somewhere near to, but are largely independent of larger metropolitan areas. Like Navi Mumbai is a satellite city of Mumbai.
With the new concept of ‘smart cities’, satellite cities will see an improvement in infrastructure, and connectivity. The satellite cities in Mumbai like Navi Mumbai, Dombivali, and Thane have seen a sudden upswing in the real estate market. They have grown into a destination for end users and investors likewise. The real estate prices are still within reach as compared to the city of Mumbai, where sky is the limit and these projects offer all modern amenities and facilities with A-class construction. [Read more…]