For a large number of people Mumbai is a place where dreams come true. People from all over India have migrated to this city to make things happen which is why the population has multiplied here exponentially. The city is very diverse, people of different religious beliefs; age and income are living here.
But, it is very hard to live in this city and to get by. The denting and jaw dropping property rates make it really difficult to buy a home. However, there are some of the lucrative locations in the city that is affordable. With a population of 12 million people, it is one of the biggest cities in the world. There are many plots for sale in Mumbai in suburban areas such as Navi Mumbai.
The city is shining when it comes to residential properties that range from lavish bungalows and independent houses to apartments. However, the prices of these residential properties are skyrocketing and this creates the opportunity for suburban areas to emerge as the new residential area. One of the most important areas to buy various houses for sale in Mumbai is Navi Mumbai. Here residential properties are cheaper. Apart from this Kopar Khairane and Vashi are some other areas that have witnessed a growing demand of apartments. While Kopar Khairane is an investment hub, Vashi is a rental destination area. While Vashi has a sudden hike in the demand of apartments, the situation is becoming tough.
In Vashi there is a constant rise in the value of residential property. With the construction of new buildings there has been a sudden rise of prices in this area that makes the place unaffordable for the middle class. When it comes to Kopar Khairane, there is a continual hike in the rental rates. However, these rates depend on the number of rooms and amenities such as parking space. People who are interested in Vashi are now turning to Kopar Khairane due to the affordability of the place. These days Navi Mumbai has become a target of many developers and real estate builders. As one can find many plots for sale in Mumbai but they are not affordable but Navi Mumbai has emerged as an important zone to buy residential apartments.
The place can definitely solve the space scarcity in the city due to the increasing population within Mumbai. There are a number of residential projects and many corporate giants and multinational companies are opening their offices in this place. As it will generate some newer job opportunities for the residents living in Navi Mumbai thus it makes the place a hot spot to buy various houses for sale in Mumbai. Moreover, NRI are also considering the Navi Mumbai as a potential investment area.
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