Planning to Invest in Property in Mumbai? Here Are the Top Three Locations

Mumbai, the city of dreams, is a melting pot of cultures, economies and opportunities. It's not surprising that a large number of people flock to this city every year, in search of a better life. If you're looking to invest in property in Mumbai in 2023, you're in for a treat! Mumbai's real estate market has been on a steady rise over the past few years, and it's only set to grow in 2023. 

With the right investment, you can secure a comfortable future for yourself and your loved ones. But where do you start? With so many areas to choose from, it can be overwhelming to pick the right one. That's where we come in! In this article, we’ve rounded up the 6 best areas in Mumbai for property investments. From the bustling suburbs to the calm and serene locales, we've got you covered. 

Each of these areas offers its unique advantages, such as proximity to popular attractions, good connectivity, and a thriving economy. So, sit back, relax and let's take a tour of the 6 best areas to invest in property in Mumbai in 2023. Whether you're a first-time buyer or a seasoned investor, this comprehensive guide will give you all the information you need to make an informed decision. Let's dive in!

1. Andheri

Andheri, located in the western suburbs of Mumbai, is a thriving area that is poised for growth in 2023. With its well-developed infrastructure, excellent connectivity and a host of entertainment options, it's no wonder that Andheri is one of the most sought-after areas in Mumbai for property investments. 

The area boasts a thriving economy, with a large number of multinational companies, malls and restaurants located in the vicinity. Additionally, Andheri is well-connected to the rest of the city, with the Mumbai International airport, metro and local trains easily accessible. There was also an increase in property rates of Andheri east and Andheri West by 8.25% and 11.28%, respectively. 

Population: 5,52, 756
 Property Price in Andheri (Average)

• Andheri East: Rs. 20,206 per square foot
• Andheri West: Rs. 27,871 per square foot

Social Amenities

• Shopping Centers: Andheri has the perfect place for you to spend your fun time as well. There are several shopping centres, such as the Infiniti Mall and the Oberoi Mall, providing residents with a range of shopping and dining options near its vicinity. 
• Schools and Hospitals: When looking for any property, the presence of educational institutions and medical facilities is essential. But Andheri will never disappoint as it is home to the American School of Bombay and great healthcare institutions like the Kokilaben Dhirubhai Ambani Hospital. 
• Restaurants and cafés: If you like to treat yourself to fine dining, Andheri is the place to be. Some of the popular dining options include The Pasta Bowl Company, The Spare Kitchen and the Lucky Bowl Noodle Bar.

2. Khar

Khar, a neighbourhood located in the western suburbs of Mumbai, is an excellent option for property investments in 2023. Known for its serene atmosphere and upscale lifestyle, Khar has attracted a significant number of young professionals and families in recent years. 
The area boasts well-developed infrastructure, excellent connectivity and a range of amenities that make it a sought-after location for property investments. From top-notch schools and hospitals to chic cafés and designer boutiques, Khar has it all. The property rates in Khar have also been on the rise, with the rates being increased by 9.85% in the last year.

Population: 93,907
Property Price in Khar (Average)

• Khar West: Rs. 42,298 per square foot
• Khar East: Rs. 16401 per square foot

Social Amenities: 

• Shopping Centers: Khar is home to several shopping centres such as Link Square Mall and Raghulila Mall, providing residents with a range of shopping and dining options. 
• Schools and Hospitals: There are several top-notch schools and hospitals in the vicinity of Khar, including the Podar International School and the Holy Family Hospital. 
• Restaurants and cafés: Khar is home to a thriving dining scene, with a range of restaurants and cafés serving various cuisines. Some popular dining options include The Yellow Chily, SodaBottleOpenerWala, and The Table.

3. Chembur

Chembur, a neighbourhood located in the eastern suburbs of Mumbai, is an excellent option for property investments in 2023. Known for its easy accessibility, developed infrastructure, and amenities, Chembur has become a popular choice for residents and investors. With its proximity to the Mumbai International airport, Chembur offers excellent connectivity to the rest of the city. Additionally, Chembur is surrounded by several parks and open spaces, providing residents with opportunities for recreation and relaxation.
Population: 4,14,435
Property Price in Chembur (Average)   Rs 19,570 per square foot
Social Amenities:

• Shopping Centers: The presence of shopping centres such as R City Mall and Inorbit Mall are just perfect for a relaxing end to your day. 
• Schools and Hospitals: There are several institutions, such as the Children's Academy, to shape your young one’s mind. Furthermore, you would also find renowned hospitals such as the Fortis hospital nearby.
• Restaurants and cafés: Treat your taste buds to myriad cuisines in restaurants and cafés near Chembur. Some popular dining options include The Bombay Canteen, The Yoga House and the Kala Ghoda café.

We hope this gives you an idea of Mumbai’s ever-growing real estate landscape. What if we tell you, you can find the best properties in all the properties mentioned above in one place? Well, that is precisely what Blox offers you, among other things. Simply sign up to our platform, add the filters and choose from a list of the best properties in your desired location.