Does Wise Expense At Luxury Flats In Mumbai Makes Reasonable Returns?

While most of the Mumbais real estate demand is guided from an end-user rather than an investor

, in a space crunched city, affordable over luxury flat is the secure investment option for the time. As an investor has an end user and thus the possible returns in mind while investing, so he would prefer investing in a property whose demand is greatest and thus, better returns.

Though recently, Mumbais real estate has seen its biggest and grandest of the luxury flats like Mukesh Ambanis Antilla, Sachin Tendulkars Shell House or Sharukh Khans Mannat, but with the slowdown in the market, there are not much people left who could afford luxury flats, the count of upper middle-class or lower classes is far higher than the high class; and so the demand of affordable budget flats in Mumbai is more over luxury flats.

Due to land scarcity, the developers have started moving to slums, which cover a large part of Mumbai property. Slum Redevelopment and budget housing in the suburbs like Vasai, Virar are the upcoming Mumbai real estate projects for sale. With an investment as low as Rs 2,500 to Rs. 3,500 per square feet in the region, one could easily buy an apartment in Mumbai as an investment and place it on rent and recover the investment within a short span of time. One could also go in for luxury apartments with healthcare, recreation, shopping and education facilities but then the price would range from anywhere between Rs. 18,000 to Rs, 25,000 per square feet, and the return would not be as higher and sooner as in case of affordable flats, they would be just, reasonable.

Another factor that counts in before investing is investing at which place. Inside Mumbai, while investing in a premium flat in a posh area like Bandra, Worli, Andheri, etc, might cost you like a bomb and even the return on investment might not be as great as an investment on a premium flat in Navi- Mumbai, Thane, etc., i.e., investing in comparatively lower areas.

So, in a way yes, a wise decision at luxury flats in Mumbai; considering all above factors, that is a premium flat in upcoming Mumbai townships like in areas adjoining Panvel with all the facilities yet not very highly priced land could give you a reasonable return but for an assured great return, an affordable apartment, studio apartment, is the way to go!

by: Prakash rajasekaran

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