Micro markets within Mumbai
Realty+ chats to Gaurav Sawhney – President, Sales and Marketing, India, Piramal Realty, learning about the pockets within Mumbai that draw the attention of buyers and builders alike.
The city of Mumbai is growing at an exponential pace owing to the constant influx of working population. Being one of the largest and most stable real estate markets in the country, we believe it has a lot of untapped potential. Currently, major developing suburbs in Mumbai are witnessing projects that not only suit the budget of end consumers but are well connected in terms of both social and physical infrastructures. These locations offer superior infrastructure, good connectivity, and access to healthcare facilities, educational institutes and entertainment facilities which positions them as ideal destinations for residential housing. Furthermore, with higher rate of return envisaged in these market coupled with host of amenities and natural surroundings, thereby earmarking these locations to be a prime investment destinations.
With improving connectivity between the business districts and peripheral areas, substantially reducing the transit times, there is a huge potential for these markets like Thane, Kalyan-Dombivali belt making them the new real estate destinations within the city. Additionally, with rapid urbanization, a large section of working population is equipped with higher purchasing power, ensuring robust growth fundamentals for these markets.