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Locations in Mumbai Which Promise Exponential Development
The country's financial capital, Mumbai, is the epicenter of economic, industrial, and financial activities. With a population of over two crores, the Maximum City remains the land of opportunity, contributing above 6% of India’s GDP alone, which is ₹4.95 lakh crores, with an estimated 25% of industrial production, 70% of maritime trade, and 70% of capital transactions and also leading the country in income tax payments.
The Island City has an area of 603.4 km. sq, which ranks it among the top 10 largest cities worldwide. A further look into the geography of Mumbai, here are the four major parts of the city.
- Western Suburbs
- Eastern Suburbs
- Harbour Suburbs
- South Mumbai
Each suburb has its posh pockets, some of them being the following localities.
- Juhu
- Versova
- Pali Hill
- Bandra West
- Worli
- Cuffe Parade
- Malabar Hill
The surrounding amenities make these places great, whether it be restaurants, clubs, bars, cinemas, scenic beauty, or infrastructure, while also making these localities extremely costly. However, with time passing, Mumbai has had a plan of action for the relatively less developed localities of the city, too, equipping them with the best facilities and ensuring overall development.
It leads to one question in most of the Mumbaikar’s minds: Which is the best area to buy a flat in Mumbai? Though this may be subjective, here are some factors to consider before purchasing a property in Mumbai, especially in the case of families.
- Real Estate Prices
- Educational Facilities
- Healthcare Facilities
- Connectivity
- Recreational Facilities
As Mumbai looks for equal development across the city, here are some of the areas which promise exponential growth.
1. Goregaon
Located in the western suburbs, Goregaon has witnessed an exponential change in its real estate, whether commercial, residential, or social infrastructure. As the services of metro lines 2A and 7 commence, commuting is only about to get easier, increasing the housing demand and making it an attractive destination for investment.
Here are some upcoming luxury residential real estate flats offering 1BHK, 2BHK, and 3BHK in Goregaon.
2. Wadala
Situated in the central part of Mumbai, Wadala has emerged as a lifesaver for those travelling to BKC, given its affordable housing. Speaking of its connectivity, it has a great mix of road and rail network with the eastern freeway, eastern express highway, monorail, and the upcoming metro 4 corridor. The locality is known for some of the most renowned educational institutions.
Are you looking to move to Wadala? Here are some exciting residential projects in the pipeline.
3. Chembur
Once again, its vicinity to BKC and Lower Parel makes it the perfect place to invest for office goers. Its connectivity with Santa Cruz-Chembur Link Road, Eastern Freeway and Monorail services only adds to the potential of the location becoming investible.
Listed below are properties in demand.
4. Marol
A suburb in Andheri East, Marol has a great mix of commercial, educational, healthcare, and residential establishments. Its connectivity via the Versova-Andheri-Ghatkoper metro lines earns itself extra brownie points.
Here is a look at some of its upcoming residential properties.
- Sheth Vasanth Blossom
- Sheth Vasanth Oasis
- Veeramani Radiant 59
- VKG Passcode Beverly Hills
- KSL Empress Heights
Other noteworthy mentions in areas promising exponential growth include Kanjur Marg, Malad, Kurla, Chandivali, and Thakur Village.
The city's overall growth only means well for its citizens and the economy as a whole, making it a win-win situation for all.
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