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Luxury Apartments in Mumbai Worth Your Investment in 2023
Despite the real estate prices expected to increase by an estimated 8% this year, the demand for those wanting to indulge in luxury living only increases. The rise in disposable income and purchasing power of the middle class has led to a significant increase in the standard of living, especially for people living in metros like Mumbai, Delhi, Chennai, Bengaluru, and Kolkata. Global exposure has coaxed developers into providing the latest amenities.
India's financial capital Mumbai expects a 3% growth in the premium and real estate luxury segment this year. Some of the reasons for this bump could be the following.
- Growing Economy
- International Influence
- Increase Investment Opportunities
- World-Class Amenities
- The Rapid Development in MMR
Today, top real estate developers are more focused on bringing comfort into the lives of their buyers, no matter if it is a studio apartment, 1BHK, 2BHK, 3BHK, and so on. A flat's size or carpet area is no longer a criterion to define luxury living, given land continues to be a constraint in the Populous City. Micro living is the latest fad in the life of the Mumbaikars, with studio apartments witnessing an upward tick, especially among the younger generations.
- Better Affordability
- Access to Premium Locations
- Better Connectivity and Social Infrastructure
Though the pandemic affected the demand for studio apartments, things are getting back on track as per the latest forecasts.
With the real estate market expected to touch ₹13,00,000 crores, let's look at some of the luxury apartments in Mumbai worth your investment in 2023.
1. VKG Park Estate
Established in 2001, the Vijay Ketan Group has been making waves in commercial and residential real estate, for example, hospitality, malls, etc. Nonetheless, the decade-old company has an exciting project in the pipeline named VKG Park Estate.
Located in Andheri East, here are some of its key features.
- Offering 2BHK, 3BHK
- Price Range: ₹1.85 Cr - ₹ 3.65 Cr
- Average Price: ₹27,773/ sq.ft
- Estimated Completion Date: December 2025
2. Passcode Big Life
Under the Shreeji Group, with a tagline stating Larger Than Life. Here is a look at one of its upcoming projects named Passcode Big Life, located in Malad West.
- Offering 2BHK, 3BHK
- Price Range: ₹1.55 Cr - ₹2.34 Cr
- Average Price: ₹21,145/ sq.ft
- Estimated Completion Date: March 2026
3. The Orchid
Under the developers Rudani Realty, The Orchid is an upcoming residential property in Mulund West.
- Offering 3BHK
- Price Range: ₹2.62 Cr onwards
- Average Price: ₹23,000/ sq.ft
- Estimated Completion Date: March 2026
4. Rustomjee Paramount
Founded in 1996 under Shri Boman Rustom Irani, Rustomjee is one of Mumbai's premium real estate developers. Here is a look at their latest offering in Khar West, Rustomjee Paramount.
- Offering 2BHK, 3BHK
- Price Range: ₹12.83 Cr onwards
- Average Price: ₹45,000/ sq.ft
- Estimated Completion Date: December 2025
5. Godrej Urban Park
Headquartered in Mumbai and a subsidiary of Godrej Industries Ltd, Godrej Properties was founded in 1990 under the leadership of Shri Adi Godrej. The real estate giant has a promising project coming up in Chandivali named Godrej Union Park.
- Offering 1BHK, 2BHK, 3BHK
- Price Range: ₹1.4 Cr - ₹ 2.94 Cr
- Average Price: ₹32,500/ sq.ft
- Estimated Completion Date: March 2026
Currently under construction, 2023 is the perfect time to invest in these properties as their prices will continue to soar over time.
The pursuit of the ideal apartment in Thane often leads prospective buyers on a quest that transcends the traditional realm of real estate brokers. In today's digital age, where information flows seamlessly, homebuyers are venturing into uncharted territory to unearth hidden gems in the Thane real estate market.
In the latest episode of the spate of celebrity weddings, Rajya Sabha Member of Parliament (MP) Raghav Chadha tied the knot with popular Bollywood beauty Parineeti Chopra. The wedding was a royal and rich affair, and the ceremony held in Taj Lake Palace, Udaipur, was closely followed by fans across the country. Raghav and Parineeti are the latest power couple in town, and the news is full of stories about their lives and lifestyles. Both Raghav and Parineeti own large and luxurious homes.
The main entranceway to your new home is the first impression of the ambience and warmth of your household. A solid wooden door exudes elegance and sophistication and makes a favourable impression. A well-designed door enhances the interiors of the home and adds to the value of your property as well.
