Why Sea-Facing Flats in Mumbai Remain Every Resident's Dream

Mumbai is often referred to as the City of Dreams. It is also the financial capital of the country and is known for its highly developed urban infrastructure. Each year hundreds of thousands of people arrive in the city, adding to its burgeoning population, with aspirations of achieving higher education, career success, financial prosperity, and a better lifestyle. One of the marks of such achievement is owning a residential property in the city. This accounts for the growth of demand for real estate in the city's older neighbourhoods and the suburbs.

While real estate development across the city is on a constant growth trajectory, it is every Mumbaikar's dream to own a sea-facing flat or apartment. There is much to be said about the neighbourhoods along the coastline in terms of their development and charm, but ultimately it is the mystique of the Arabian Sea and its spectacular views that leaves every person dreaming of owning a sea-facing flat in Mumbai. Let us understand this undying demand for sea-facing residential real estate and the neighbourhoods that offer this luxury.

Serenity in a bustling city 

Mumbai is often referred to as the city that never sleeps. It is the equivalent of New York City in the United States of America. The city has everything from glitz and glamour to fashion and finance, from technology to digital enterprises. People from all walks of life and all economic strata set examples in industry and enterprise, many of them working several jobs to help elevate them to the next level. But, in a city which glorifies an intense and busy lifestyle, a few stolen moments of serenity offer the ultimate Nirvana. And this is precisely what sea-facing flats in Mumbai provide homeowners.

Best-developed neighbourhoods

Waking up to the gorgeous views of the rays of the rising sun dancing on the azure waters of the Arabian Sea, exercising or practising yoga with the fresh sea air blowing, spending a few minutes of peace and joy with your loved ones and a cup of tea in your balcony overlooking the sea – this is the ultimate dream that every Mumbaikar cherishes.

Madh Island, Andheri West, Juhu, Bandra West, Worli, Mahalaxmi, Marine Drive, Colaba and Byculla are some of the residential neighbourhoods that offer the luxury of sea-facing flats or apartments. Due to the unfailing demand, these are naturally some of the most expensive and luxurious real estate properties in Mumbai. With affluence comes a great deal of development. These are also the neighbourhoods with a highly developed infrastructure, excellent connectivity, and a wonderful social fabric. For the average Mumbaikar, a sea-facing apartment is a symbol of prosperity and success and also an opportunity to rub shoulders with iconic sportspersons, media and movie stars, and business moguls.

Asset appreciation

More than anything, a residential property is a financial asset. Every investor looks at the ROI in terms of rental income and resale value when buying property. A sea-facing flat in Mumbai comes with an assurance of steady and high rental income, given the uptick in demand. The appreciation in asset value is assured, and resale is likely to fetch the homeowner a good profit. Sea-facing projects are a good bet for those looking at building a profitable real estate portfolio. 

Conclusion

While owning a residential property is certainly a goal for every Mumbaikar, owning a sea-facing home is an announcement that you have arrived! It is the culmination of every homeowner’s most cherished aspirations.