Mumbai’s Western suburbs becoming attractive property options
Second-home buyers who are looking for upscale residential locations in Mumbai are increasingly getting fascinated by, and attracted to, the Western suburbs; thanks chiefly to the affordable property costs in the these areas.
With gross yield or rental yield from a property being one of the key attractions for investors in Mumbai, the Western suburbs region is an ideal location for those looking to invest their money in real estate sector in Mumbai.
Keeping in mind the rental returns which a property in Mumbai can potentially generate for the owners, the Western suburb areas which apparently seem to be the most lucrative include Bandra East, Malad East, and Andheri East, among others.
With the mentioned areas projected to give the highest gross yield in the Western suburb zone, estimates from reliable market-research sources have revealed that the yearly rental returns in the mentioned areas can approximately be 3 percent of the total value of the property.
The demand of housing in Mumbai’s Western suburb areas – which offer luxury as well as plush lifestyle – has been witnessing an increase of late chiefly due to the fact that the zone boasts close proximity to commercial spaces of south Mumbai; and the property values are comparatively much more affordable in these areas as against the property costs in the southern part of Mumbai.
Source: The Times of India (Mumbai)
attractive property options, demand of housing in Mumbai, investors in Mumbai, Mumbai Western suburbs, property options in Western suburbs, upscale residential projects
