Best New Investment Destinations Near Mumbai

The scenario has been quite bleak when it comes to real estate in India. Mumbai is no exception in this regard. With highly price saturated markets, piling up inventory and lack of demand on part of the mass, Mumbai is definitely witnessing one of its worst realty cycles in history over a period of two to three years. However, there are some great new investment destinations in Mumbai should you be looking for the same. You can invest in flats in Mumbai across several strategic locations that should be the growth nodes of the future. While there is ample property in Mumbai for sale, these locations are being billed as the best investment destinations for those with a nest egg to invest as per property India reports and statistics. A minimum investment of a crore is usually required to purchase property in Mumbai but these destinations will only require between Rs. 20-40 lakhs at the beginning. This should not worry you as this minimal investment will get you unbelievable returns in the near future. Asangaon is set to be a major growth driver of real estate in Mumbai according to experts. This area is a part of Thane and lies along the Nashik-Mumbai Expressway. The locality lies approximately 70 kilometres away from Mumbai city and is being developed rapidly. 2 and 3 BHK apartments are being developed here with sizes between 450 and 1200 sq ft. Properties are available at immensely low prices in this neighborhood in comparison to Navi Mumbai and Thane and the area is home to several manufacturing units and a railway station linked to the Central Line. This locality should offer high returns within the next 2-3 years.

Panvel will also develop further and garner great returns for investors. Panvel is one of Navi Mumbai’s best localities and is well linked to several areas through the Panvel-Sion Expressway, Pune-Mumbai Expressway and the National Highways 17 and 4B. Panvel is also being regarded as an upcoming commercial hub. Ulwe is another residential destination that will offer rich returns on investments to buyers and investors owing to the skyrocketing residential and industrial segments here.