Over the past decade, Mumbai city has witnessed large-scale developments in its peripheries and beyond. There are new hotspots in the western part of the city that are undergoing major developments. These areas are budget-friendly and also give you a social uplift. Properties in and around the vicinity of a commercial hub and better connectivity to other prominent locations provide higher returns and are majorly preferred. Western suburbs like Andheri, Malad, Kandivali, Goregaon and Mira-Bhayander are the key hotspots for both residential and commercial properties. Real estate companies in India are capitalizing on these trends, driving further development in the region.

Top reasons to buy a 2BHK flat in Mumbai’s western suburbs

PREFERENTIAL SHIFT

The western suburbs, more particularly Andheri, Goregaon, and Malad have witnessed a sharp rise in housing and commercial development. The COVID-19 pandemic and the resultant Work From Home module have made people realize the importance of bigger living spaces and urged them to look for bigger spaces, even if it means traveling a little bit more. Therefore, there's a huge increase in demand for residents moving into ready-to-move-in flats in western suburban areas to gain more quality indoor and outdoor space attached to their property. With more activity taking place inside the home, flats need to now have space for living, entertainment, career/job work, working out, school, and more. Currently, a 2 BHK flat in Mumbai in these locations ranges from ₹1.2 crore, depending on the location and amenities.

BIG SPACE IS NEEDED BUT NOT AT AN EXPENSIVE PRICE

Most buyers are looking for larger homes but without a hefty price tag. Many potential homeowners are quite price conscious, which drives them to investigate suburban and peripheral Mumbai neighborhoods. Buyers can locate reasonably priced, ready-to-move-in apartments in these areas within their means. Projects offer an elegant lifestyle yet are reasonably priced appeal especially to them. For those interested, the 2 BHK flat in Mumbai becomes a crucial factor in their decision-making process.

BETTER LIVING

While Kandivali, Malad, Goregaon, and Andheri rank high on general infrastructure, affordability, and office complexes, areas like Mira-Bhayander, Virar-Vasai, and Naigaon are not lagging far behind as the most in-demand and emerging profitable destinations. But although these areas are witnessing rapid growth in real estate development, commuting still remains a major woe for the residents. Property rates in the western suburbs are favorable in comparison. The area offers a wide range of good properties to choose from, developed by reputed developers like K Raheja Realty, famed as one of the top real estate companies in India.

COMMERCIAL HUB

Being the financial capital of India, Mumbai is home to the headquarters and offices of some of the major businesses of the country. So simultaneously there is a boost in residential projects in these areas as well, as home buyers prefer to buy 2 BHK flats in Mumbai, close vicinity of their workplace.

INFRASTRUCTURAL GROWTH

Over the past few years, Mumbai's western suburbs have seen tremendous growth in infrastructure. There are multiple infra-projects being developed in the region - ranging from the construction of crucial roadways to the various currently operational and upcoming metro rail lines. Passing through different critical routes through the western suburbs, the metro lines aim to simplify inter-city travel to a significant degree. On the other hand, projects such as the Coastal Road, Goregaon-Mulund Link Road (GMLR), the proposed underground twin tunnel between Borivali-Thane, etc. will substantially improve road connectivity across Mumbai and its surrounding areas. Many real estate companies in India are planning residential developments around these projects to benefit homebuyers.

CONNECTIVITY & CONVENIENCE

All these infrastructure projects provide excellent public transport to help you reach from one location to another within the city. Apart from local trains, which are better known as the lifeline of Mumbai, the city and intercity buses such as BEST, TMT, NMMT, MMT, and taxis exceptionally connect all the parts to the western suburbs. Due to this, the western suburbs of Mumbai have become a hot choice for investment for prospective home buyers.

HIGH ROI SHORTLY

In terms of layout, location, and return on investment, the real estate market of Mumbai's western suburbs offers a diverse range of investment projects and destinations. They have immense opportunities to offer the best returns on real estate investments, from sea-facing exotic apartments to duplex houses to budget apartments. Because of the constant influx of people in the city, the demand for real estate seems to be growing every year and this trend will continue going ahead as well. As a result, the western suburbs of Andheri, Goregaon, and Malad are highly attractive to both homebuyers and investors seeking low-risk investments with the potential for high returns. These areas are particularly appealing for those looking for new flats for sale in Mumbai, offering a combination of affordability and growth potential.

In addition, a 2 BHK flat in Mumbai, typically ranges from ₹1.2 crore to ₹2.5 crore, depending on the location and amenities. Real estate companies in India are increasingly focusing on these opportunities, enhancing the growth potential of the market.