In terms of rental revenue, Mumbai handles Navi Mumbai and Thane
If your idea of a great real estate investment in the Metropolitan Region of Mumbai (MMR) is to earn a decent rental income, then Mumbai will adequately fulfil your aspirations as the city reported 2.85 percent growth in annual rental yields in Jan-Mar 2020, the highest in the region, 3 bhk flat on rent in kharghar.
3 bhk flat on rent in kharghar Navi Mumbai never shocks investors who are able to diversify their investments and gain a better return on investment, even though it is one of the most expensive housing destinations. The city provides several opportunities for prospective homebuyers at diverse sites, from villas to apartments.
However, 3 bhk flat on rent in kharghar, when planning to buy a home, it is not only necessary to review the location, construction efficiency and the environment, but also to evaluate the rental yields.
According to 99acres data, 3 bhk flats in kharghar for rent, Mumbai delivered a net rental yield of 2.85 per cent in Q4, 2019-20. While the rental yield of Thane is 2.53%, Navi Mumbai clocked the maximum yield of 2.35%.
Its popularity among commercial office space tenants over Navi Mumbai and Thane is the key factor behind Mumbai offering the highest rental yield. 3 bhk flat for rent in kharghar, with office space rental still being the largest in Mumbai, most of the working population choose to rent a nearby house.
As a result, over the years, 3 bhk flats for rent in kharghar, the rental prices in Mumbai have seen a steady increase. On the other hand, land values have remained either stable or declined slightly over the 2019-20 fiscal year, resulting in a small fall in property prices.
Rental yield is usually inversely proportional to land values and defines the asset’s investment potential, since it is the amount of rental return that may be received from the land by the lender. 3 bhk on rent in kharghar, basically, the larger the rental yield, the better the cash flow from the land.
Hence, if your definition of investment is to gain a rental income, 3 bhk rent in kharghar, then Mumbai is more likely to offer better MMR returns. A few micro-markets in the annual rental yields that clocked optimum growth in the studied period include:
In Jan-Mar 2020, a four percent rental yield was reported by Mahalaxmi in South Mumbai, 3 bhk flat for rent in navi Mumbai, one of the premium micro-markets. Mahalaxmi is a prominent community with many B-town celebrities residing in the area, offering a variety of modern services, comprehensive connectivity and a seamless network of connexions.
However, 3 bhk in kharghar for rent, given the exorbitantly high average home prices in the area, a substantial percentage of people who are likely to stay in the area choose rented housing over capital investment. Though rentals in Mahalaxmi hover between Rs 90,000 per month and Rs 1.3 lakh per month for a medium-sized 2 BHK unit, the EMIs can range from Rs 3-3.5 lakh per month. Rental properties, Vijay Kumar shares, Property Consultant, Jai Ambe Real Estate, are therefore a preferred theme.
With the planned Cuffe Parade-Mahalaxmi metro corridor and the construction of the proposed bridges near the Mahalaxmi Railway station, 3 bhk flat in kharghar for rent, the investment potential in Mahalaxmi will expand further.
Tilak Nagar Tilak Nagar
In Tilak Nagar, the rental yield stood at 3.62%. One of the key factors that contributed to its rental success is the geographical position of the city. Near the Mumbai Harbour Line and Santacruz-Chembur Link Road, the micro-market ensures seamless connectivity to various parts of the area, including Andheri, Goregaon and Panvel.
In addition, 3 bhk flat on rent in kharghar without brokerage, instead of historically built chawls, the spurt of high residential towers and an increase in the number of Occupancy Certified (OCs) projects have also enhanced the attractiveness of the city among the tenant population. Average rents for a 2 BHK unit in Tilak Nagar range from Rs 30,000 per month to Rs 35,000 per month against an acquisition expense of Rs 1.5-2 crore.
Kurla (West) mumbai
In Q4, 2019-2020, Kurla (West), situated along the Mithi River side, given a rental yield of 3.40 percent. The proximity to the popular micro-markets of Kalina, Andheri, Ghatkopar, Saki Naka, the city’s well-known industrial centre, and the Bandra-Kurla Complex (BKC) Central Business District ( CBD) added to the area’s rental appeal. 3 bhk flat for rent in kharghar by owner, in addition, Kurla (West) enjoys unimpeded accessibility via the Eastern Express Highway (EEH) and Lal Bahadur Shashtri Marg to various parts of the city.
Overall, Kurla has become the residential hotspot in the city for the migrant workers and a lucrative housing destination for the investor community, 3 bhk flat on rent in navi Mumbai, considering the hassle-free living conditions and numerous employment opportunities.
The two micro-markets that ensure high investment potential are Chembur and Marol, among other destinations. 3 bhk flat on rent in kharghar, the annual rental yields in the region stood at 3.37 percent and 3.17 percent in Jan-Mar 2020, respectively.
Though Chembur is home to hordes of factories, 3 bhk flats in kharghar for rent, industrial complexes and retail outlets in an upmarket city in Eastern Mumbai, Marol boasts its proximity to Andheri and Western Expressway Highway (WEH) and is a flourishing locale, offering enormous rental returns.
Valley Shilp 3 BHK Flat On Rent in Sector-36, Kharghar Navi Mumbai
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