Top Places to Invest in Mumbai’s Central Suburbs

Posted On May 9, 2023

Mumbai’s central suburbs have shown stupendous growth in the past few years, with remarkable developments within the various localities. These areas have some amazing world-class infrastructure and great social scenes. Thus, the connectivity has also been improved around the important sites.

People from different parts of Maharashtra and India are counting on making their investments in these central suburbs. So, if you are among those who want to take that financial investment leap in Mumbai’s central suburbs, then here are some of the places rich for investments within the desired region.

1. Powai

Powai is considered one of the most upscaling localities in the financial capital of India. It offers brilliant connectivity through the LBs Road, Metro line, Rail and Eastern Expressway. There’s an annual price appreciation of around 5.5% in the average property pricing around the locality, with a rental yield of around 21%.

Thus, if you are looking for a 1 BHK flat for sale in Powai, you can expect great returns if you hold onto it for at least a considerable time. But, the benefits will be further escalated if you care to pick your desirable sub-locality in Powai. Suppose you are in search of 2 BHK flats in PowaiHiranandani Gardens, then you can expect to get an average rental yield of around Rs. 41,611 per month. It is different for different sub-localities.

2. Kurla

Kurla is not just one of the popular residential localities in the central suburbs of Mumbai but is also one of the common commercial hubs of the city. It has several industrial estates around the locality and is in close proximity to Chembur and Ghatkopar, two other posh localities of the central suburbs.

The average pricing of properties in Kurla East and West is somewhere between Rs. 16,500 and Rs. 16,000 per sq. ft., respectively. Hence, the plus point of this locality is that people with a low budget can also consider buying a property in Mumbai. As the price appreciation percentage increases, homebuyers will get a good ROI on their investments.

In addition to that, the average rental yield is Rs. 50,000 per month in Kurla West and Rs. 37,000 per month in Kurla East. Eastern Highway, LalBahadurShastri Marg and various Link Roads enable great connectivity of Kurla to various parts of Mumbai.

3. Ghatkopar

Ghatkopar has an outstanding civic infrastructure in all of Mumbai and is one of the oldest settlements. As of today, the developments have excelled exponentially with wide roads, prominent transportation systems, advanced electricity & water systems. Thus, it is one of the upscaling suburbs of the city.

The average property pricing in Ghatkopar is around Rs. 20,893, and there has been a constant appreciation over the past few years. Following that, the average rental yield is Rs. 44,000 per month in Ghatkopar, giving you a chance to earn a good passive income.

Ghatkopar has flexible connectivity to Mumbai’s most common areas, such as Juhu, BKX Dadar, Powai, Andheri, Chembur and others. For added convenience, there’s also a direct road from Ghatkopar to Andheri, along with a freeway which connects the same road to Bandra. The public transportation infrastructure is planned and executed well for people to easily commute to & from their workplaces feasibly.

Conclusion

So, these are the top three places in Mumbai’s central suburbs, ideal for you to invest and reap amazing benefits. Whether you expect great rental yields, price appreciation or lavish property buildings, these localities have them all! Top developers have paid attention to the consistent infrastructure developments around these places and have introduced a plethora of luxurious apartments for you to buy.

If you have made up your mind, turn up to Blox, and pick the best property around Powai, Kurla and Ghatkopar, to invest in. Blox is a popular property search engine, giving you the scope to choose your desirable property from only the relevant options. Try it out, and speed up your home-buying process!