Mumbai’s real estate hotspots
In Mumbai’s real estate landscape, prices generally reduce as one moves from the south to the northern suburbs. Today, most home buyers prefer properties in the suburbs, due to its affordability, connectivity to one’s work place and social infrastructure.
Kedar Joshi, CMO of Ahuja Constructions, points out “Industrial locations, such as Boisar and Palghar in the north and Dombivli and Ambernath in the east, are now offering a range of residential property and township options, right from affordable to luxury housing. Infrastructure projects have fuelled the realty growth in these micro markets.”
Western suburbs, such as Andheri, Oshiwara, Goregaon, Borivali and beyond, offer a mixed bag of residential, commercial and retail development. In the eastern suburbs, the Chembur-Wadala belt is witnessing considerable development, owing to infrastructure projects.
Rohit Poddar, managing director of Poddar Housing, maintains that “The best destinations to buy would be Kalyan, Dombivli, Badlapur, Shahapur, Vasai-Virar region and Kharghar. In these areas, good projects are available from leading developers. If one has to look for apartments below Rs 50 lakhs, you can consider regions beyond Kalyan on the central line and look for decent-sized 2-BHKs in Ambernath and Badlapur.”