India’s real estate sector has been attracting the attention of Non-Resident Indians for quite a while now. Every Indian settled abroad knows the value of real estate in India’s poshest cities be it Mumbai, Delhi, Chennai or Bangalore. Mumbai especially remains a favourite of NRIs, thanks to its position as the financial capital of the country. NRIs, who earn in currencies, superior than the Indian Rupee (INR) find it much easier to invest in real estate in Mumbai. Whether you choose to invest in new residential projects in Thane, Suburban or Southern Mumbai, you can rest assured that your investments will definitely yield high returns. Here are the top localities for NRI investment in Mumbai.
Bandra West: Bandra West is one of Mumbai’s poshest neighbourhoods and is the preferred locality for individuals with high incomes at their disposal. From Hill Road to Turner Road and Linking Road to Carter Road, Bandra West is a real estate goldmine. This neighbourhood is well connected to other parts of the city, making it the perfect locality for NRI property investment in India.
Dadar West: There is a reason that Dadar, especially the West of Dadar is regarded as the heart of Mumbai. This Mumbai neighbourhood enjoys close proximity to central and western railways, with one of the biggest railway stations in the city. Dadar is also packed to the rafters with several budget shopping arcades, huge markets, schools, hospitals and all other necessary amenities, making it an ideal choice for NRI investment.
Thane West: With some of the best real estate giants in the city backing exceptional projects, Thane West has become one of Mumbai’s favourite localities for real estate investment. New projects in Thane Ghodbunder Road and other Thane West areas by builders like Hiranandani Constructions, T Bhimjyani Realty, Godrej Properties etc., are known for their fantastic infrastructure and modern amenities. Thane is also one of the rare Mumbai neighbourhoods where investing in real estate is affordable but the yield of returns is very high.
Colaba: Colaba has forever been known as the locality where the crème de la crème of Mumbai’s business world reside. One of the poshest South Mumbai localities, Colaba is best known for its sky-rise buildings and tall skyscrapers. This uber Mumbai locality is catching more traction, thanks to the upcoming Metro III project that has already begun in the locality. Now is the right to invest in Colaba, before the property rates start sky-rocketing.
Andheri: Andheri in suburban Mumbai is known for being one of the best neighbourhoods in the city, which is well connected to all other parts of the city. Besides being a starting and terminating station for local trains on the western and harbour lines, the Andheri-Ghatkopar Metro has also made it convenient to travel to any part of the city within minutes. NRIs can consider any part of Andheri for real estate investments. Just visit the NRI corner on the website of your chosen developer.