Best Residential Areas in Mumbai to Live.

By Abhay Harish Shah , Realty Quarter

Mumbai, the capital of Maharashtra, is also known as the city of dreams, India’s financial powerhouse and the hotbed of the Indian fashion industry. Mumbai is India’s most prosperous city and contributes to over 6% of India’s gross domestic product (GDP). Mumbai is the financial capital of India and is known for its expensive property market. As indicated by the Economist Intelligence Unit’s Worldwide Cost of Living 2019 index, it is the nation’s most costly urban city to live in.

Let’s have a look at the most demanded residential area in Mumbai:

1) Thane: Thane is the fastest growing area in Mumbai because of the fact of its well-developed infrastructure and strong connectivity and transportation. The demand for Thane property is going to increase as the state government has approved the Metro Railway line in this area. The current local trains will be connected with the Mumbai Metro.

As it is clear that Thane has lot many chances for housing appreciation it has examined 18% rise in the demand in the last 6 months. If you are looking to buy a property in Thane then let me tell you the current average price which is going is Rs 10,380 per sq.ft.

2) Borivali West: Borivali West has developed as one of the prime residential places in the western suburb of Mumbai offering the property at a normal cost of Rs 16,800 (PSF). The region has solid availability through the Western Expressway and furthermore lies in the vicinity to the International Airport. It is likewise known for the tremendous green spread the territory is encompassed with, settling on it a decision for those searching for better air quality and furthermore, for relaxation exercises. Not simply availability and social foundation, the area additionally has a well-created civic infrastructure with more than 100 schools and almost 200 human services focus in the region.

3) Andheri East: Andheri East is the most attractive destination for commercial businesses. The happening to numerous businesses here has additionally made it a key region for dwelling for some working in and around the territory. With a livability score of 9, Andheri East offers the property at a normal cost of Rs 17,500 (PSF), a 23% ascend in the previous a half year. One of the midways found territories when contrasted with the ones recorded in this article, Andheri East appreciates Metro network through Line-1 and is additionally associated with the other business centre points, for example, the Bandra Kurla Complex (BKC), Lower Parel and the Eastern rural areas of Powai, Vikhroli and Mulund through the Western Expressway.

4) Kandivali West:  Kandivali West, which in its previous half year has seen a value ascent of 8%, offers the property at a normal cost of Rs 13,500 (PSF). It is one of the most seasoned private markets of the Mumbai rural areas that presently appreciate solid Street and metro network. The area has about 33 ventures that offer properties in the value scope of Rs 1-1.5 crore in 1BHK and 2BHK setups. Of the aggregate, 21 ventures are under development while 12 are prepared for ownership. These undertakings are being created by organizations, including Westin Sankalp Developers, Amisha Constructions, among others.

5) Chembur: Chembur is the eastern suburb of Mumbai city and is one of the prime areas offering the property at an average price of Rs 17,000 (PSF). Just like other areas Chembur has also seen some rise in demand of about 16% in its last 6 months. It is a highest demanded area due to the fact of easy connectivity to the international airport and the city centre, also strong connectivity provided by the Eastern Express Highway. The area offers a number of educational centers, healthcare centers and recreation options.