Mumbai Investment Opportunities For 2023
Looking for Mumbai real estate investment options? Mumbai, India’s financial capital, is one of the most sought-after places to live. The city is well known for its impressive civic amenities, well-developed social infrastructure, and a sea of employment opportunities for people coming to invest in Mumbai, drawing visitors from all over the world.
Mumbai offers every amenity and facility necessary for you to live a peaceful life, displaying a seamless blend of old-world charm and strikingly modern high rises. History, art, cuisine, theatre, culture, and nightlife are all prevalent in the city. And all of this has significantly raised the city’s real estate market. The city has something for everyone, from opulent residences to pricey office buildings.
Mumbai is also regarded as being safer than the majority of other Indian cities. Mumbai, which is frequently described as the “city that never sleeps,” is a secure place for women to go out at night. Additionally, there are many options for public transportation, including taxis, auto rickshaws, and local trains. Buyers find it appealing for all these reasons, and many want to invest in Mumbai for the long term.
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Top 10 Mumbai Real Estate Investment Options
Among the best areas in Mumbai to invest in real estate are Andheri, Panvel, Wadala, Chembur, Thane West, Virar, and Khar. Let’s take a closer look at these areas to understand why they are the best places to invest.
Andheri, one of Mumbai’s most well-known and ideal neighbourhoods for real estate investment
One of Mumbai’s premier neighbourhoods, Andheri is renowned for its extensive connectivity. Given that it is one of the top locations for many multinational corporations, it is a dependable investment opportunity. The train station in Andheri is regarded as the busiest in the nation. Additionally, the region has a well-organized network of metros, freeways, and local buses. There are jobs for everyone thanks to the abundance of commercial areas. The area is home to numerous renowned malls and top-notch medical facilities.
Property Rates in Andheri
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Andheri East | Apartment | Rs 19,556 |
| House | Rs 12,876 |
| Facilities | Names |
| Educational Institutes | · Bombay Cambridge International School
· Hasanat High School · St. John Evangelist High School · Prime Academy · Marol Education Academy’s Junior & High School · Divine Child High School |
| Hospitals | · Holy Spirit Hospital
· Criticare Hospital · Sevenhills Hospital · Sanjeevani Hospital · Aggarwal Eye Hospital · Aditya Nursing Home |
| Transportation | · Andheri Metro Station
· Andheri Railway Station |
| Shopping Centres | · Infiniti Mall, Andheri
· Crystal Point Mall · Fun Republic, Andheri · Prime Mall · Kamdhenu Shopping Centre |
Panvel – A Budget-Friendly Mumbai Real Estate Investment Location
Thanks to the upcoming top-notch infrastructure facilities, Panvel in Navi Mumbai is currently among the best places to invest. Government officials plan to build a new local train route that will link Panvel with CST and many other important towns, making it a very affordable place to invest in Mumbai. Additionally, the area has top-notch public amenities and close-by medical facilities.
Property Rates in Panvel
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Panvel | Apartment | Rs 8,211 |
Facilities in Panvel
| Facilities | Names |
| Educational Institutes | · Vithoba Khandappa Junior & High School
· Chhatrapati Shivaji Maharaj Institute of Technology · Mahatma Gandhi Public School & College |
| Hospitals | · Panvel Hospital
· Prachin Hospital · Lifeline Hospital · Niramay Hospital · Ashtvinayak Hospital |
| Transportation | · Panvel Junction
· Sector 7 Metro Station |
| Shopping Centres | · Orion Mall
· Mahalaxmi Mall · Glomax Mall · Seawoods Grand Central · Little World Mall |
Thane – A Well-Connected Area for Mumbai Real Estate Investment
People actively began looking for investment opportunities just outside the city as Mumbai’s population increased. So, Thane gained a lot of popularity. good connections to various cities, including Kalyan, Bihawandi, etc. Thane offers a well-connected system of roads, commuter trains, and metro stations. Numerous offices of multinational corporations, shopping centres, and other business networks are located in the area.
Property Rates in Thane
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Thane | Apartment | Rs 11,590 |
Facilities in Thane
| Facilities | Names |
| Educational Institutes | · Orchids International School
· St. Xaviers English High School · Lakshya Prep High School · Saraswati Vidyalaya High School |
| Hospitals | · Horizon Prime Hospital
· Aayush Multispeciality · Siddhivinayak Multispeciality |
| Transportation | · Marol Naka Metro Station
· Thane Railway Station · Bhiwandi Station |
| Shopping Centres | · Viviana Mall
· Korum Mall · Lake City Mall · Lodha Boulevard · The Walk Mall |
Juhu – A Wealthy Area for Mumbai Real Estate Investment
One of Mumbai’s wealthiest neighbourhoods, Juhu, is close to the city’s international airport. Those with large budgets looking to invest in Mumbai can find opulent apartments and bungalows on Juhu Beach, which offers views of the Arabian Sea. As a result of the residences of numerous celebrities, Juhu is a very expensive neighbourhood. In the area, there are lots of schools, hospitals, and shopping centres.
Property Rates in Juhu
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Juhu | Apartment | Rs 38,677 |
Facilities in Juhu
| Facilities | Names |
| Educational Institutes | · C.P. Goenka International School
· Ecole Mondiale World School · St. Andrew’s College · St. Joseph High School |
| Hospitals | · Criticare Multispeciality Hospital
· KLS Memorial Hospital · Mallika Multispeciality Hospital · Bluebell Hospital |
| Transportation | · Chhatrapati Shivaji Maharaj International Airport
· Balkanji Bari Bus Stop · Versova Metro Station |
| Shopping Centres | · Db Mall
· Prime Mall · Parle Square Mall · Acme Mall |
Wadala is Mumbai’s residential centre and top location for real estate investment.
The next major commercial centre in Mumbai, Wadala, is about to emerge. The neighbourhood is a great option for real estate investment in Mumbai because it has excellent infrastructure and a well-connected network of highways. Both existing residential structures and the upcoming Lodha building complex are present.
Property Rates in Wadala
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Wadala | Apartment | Rs 22,234 |
Facilities in Wadala
| Facilities | Names |
| Educational Institutes | · The Andhra Education Society’s High School
· Vidyalankar School of Information Technology · BMC School |
| Hospitals | · Mumbai Port Trust Hospital
· RSV Hospital · BMC Hospital Wadala West |
| Transportation | · Wadala Railway Station
· Wadala TT Metro Station |
| Shopping Centres | · Star Mall
· Nakshatra Mall · Noora Mall |
Chembur – A Promising Area for Mumbai Real Estate Investment
Thanks to recent improvements in the area’s infrastructure, Chembur provides a wide range of options for those considering where to invest in Mumbai. Nearly all Mumbai suburbs are easily accessible from the area via roads and metro lines. In the area, there are upscale apartment buildings and complexes that are close to the Lower Parel and BKC markets.
Property Rates in Chembur
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Chembur | Apartment | Rs 19,862 |
| House | Rs 16,152 |
Facilities in Chembur
| Facilities | Names |
| Educational Institutes | · Chembur Karnatak High School & College
· Swami Vivekananda High School · Kangaroo Kids School · St. Gregorios High School |
| Hospitals | · Zen Multispeciality Hospital
· Apollo Spectra Hospital · SRV Hospital · Rushabh Eye Hospital & Laser Centre |
| Transportation | · Suman Nagar Metro Station
· BSNL Metro Station |
| Shopping Centres | · K Star Mall
· Cubic Mall · Rupam Shopping Centre |
Goregaon – The Business Center for Your Mumbai Real Estate Investment
One of the most well-known business districts is Goregaon, which is located between the neighbourhoods of Andheri and Malad. There are a number of residential and commercial complexes in Goregaon West. Despite slightly higher rates than other areas, the neighbourhood is a great option for Mumbai real estate investment. The neighbourhood has all the amenities of today and is close to a bus stop, an airport, and a train station.
Property Rates in Goregaon
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Goregaon | Apartment | Rs 18,604 |
| House | Rs 13,271 |
Facilities in Goregaon
| Facilities | Names |
| Educational Institutes | · Vivek Vidyalaya Junior College
· Yashodham High School · Lakshya Prep School & Junior College |
| Hospitals | · SRV Hospital
· Kapadia Multispeciality Hospital · Radha Krishna Hospital · Oyster Hospital |
| Transportation | · Chhatrapati Shivaji Maharaj International Airport
· Goregaon Train Station · Goregaon West Metro Station |
| Shopping Centres | · Oberoi Mall
· Gokuldham Shopping Centre · City Centre Mall |
Mira Road: Excellent Infrastructure for Mumbai Real Estate Investment
Mira Road has become one of the best places to invest in Mumbai over the past few years. With outstanding infrastructure, seamless connectivity to other areas, and numerous residential complexes, the area has advanced in every way. The distance between Mira Road and other areas of Mumbai will be covered in a great deal less time thanks to an upcoming metro project.
Property Rates in Mira Road
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Mira Road | Apartment | Rs 8,756 |
Facilities in Mira Road
| Facilities | Names |
| Educational Institutes | · Seven Square Academy
· Rahul International School · U.S. Ostwal English Academy · Mount Carmel School |
| Hospitals | · Karuna Multispeciality Hospital
· Gurukirpa Hospital |
| Transportation | · Mira Road Railway Station
· Silver Park Bus Station |
| Shopping Centres | · Maxus Mall
· Rassaz Shopping Mall |
Virar – Top Location for Real Estate Investment in Mumbai
For anyone looking to invest in affordable real estate in Mumbai, Virar is a fantastic alternative. Since the Virar Municipal Corporation was founded, the area’s infrastructure development has increased dramatically. The neighbourhood now has all the best amenities, including luscious parks, gyms, top-notch schools, hospitals, and much more. It is also well connected to the Western Express Highway and the Virar Railway Station, making it simple for you to invest in Mumbai.
Property Rates in Virar
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Virar | Apartment | Rs 5,410 |
| House | Rs 4,820 |
Facilities in Virar
| Facilities | Names |
| Educational Institutes | · Old Viva College
· John XXIII High School · Rustomjee Cambridge International High School |
| Hospitals | · Platinum Hospital
· Vasai Virar City Municipal Hospital · Golden Park Hospital · Gurukul Pride International School |
| Transportation | · Vasai Railway Station
· Vasai Road Train Station |
| Shopping Centres | · Viva Swastik Mall
· Dattani Square Mall |
Kharghar – Mumbai’s Best Areas for Real Estate Investment
One of Navi Mumbai’s best investment opportunities is this one. The best-known features of Kharghar are its developed infrastructure, wide roads, and public parks. In comparison to many other localities, the prices in the area are quite reasonable. Via roads and railroad lines, it is easy and quick to travel throughout Mumbai.
Property Rates in Kharghar
| Locality | Type of Property | Average Sale Price
(Rs/square feet) |
| Kharghar | Apartment | Rs 9,505 |
Facilities in Kharghar
| Facilities | Names |
| Educational Institutes | · Ramsheth Thakur Public School
· Podar Jumbo Kids · K.P.C English High School · Satyagraha College |
| Hospitals | · Kharghar Medicity Hospital
· Motherhood Hospital · Om Navjeevan Hospital · MITR hospital |
| Transportation | · Kharghar Metro Station
· Kharghar Sector 34 Metro Station · Kharghar Railway Station |
| Shopping Centres | · Little World Mall
· Prime Mall · Chandra Mall |
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