Here are some of Mumbai’s emerging neighbourhoods for real estate investment in 2024:
- Ghatkopar:The ongoing expansion of the Mumbai Metro has significantly improved connectivity in Ghatkopar, making it a more attractive residential option. This, coupled with upcoming infrastructure projects, is leading to demand for property and attracting developers who are constructing modern residential complexes. Easy access to the Eastern Freeway and JVLR further enhances connectivity within the city.
- Thane West: This well-developed suburb is witnessing a surge in commercial activity, particularly in the IT sector. The development of new office spaces and business parks is driving demand for residential properties, making Thane West a promising investment option.
- Borivali: Traditionally known for its green spaces, Borivali is seeing a rise in residential development, particularly near the Link Road. The area offers a good balance between affordability and connectivity, with the Western Express Highway and the metro line providing easy access to other parts of the city.
- Navi Mumbai (Panvel/Vashi): With the upcoming Navi Mumbai International Airport in Panvel, the entire region is expected to witness significant growth and infrastructure development. This includes improved connectivity to Mumbai through new roads and metro lines. Vashi, already a well-established node, is poised to benefit further.
Investing in Mumbai’s upcoming neighbourhoods can be a lucrative strategy for those seeking high returns. However, careful research and due diligence are essential for success. By understanding the potential and future prospects of these areas, you can make informed investment decisions and capitalise on Mumbai’s ever-growing real estate market.