Mumbai is the city of dreams which never fall asleep. Thus, people here travel round the clock in order to reach their destination on time. But, the massive traffic jam and the crowded local trains showcase not so beautiful face of this energetic city. Hence, people now are looking for better job opportunities and home near to their workplace. This demand for residential units close to commercial areas incepted many new locations in the city.
List of Fastest Emerging Locations in Mumbai.
The areas like Thane, Vashi, Panvel, Mulund, Wadala and Kanjurmarg are now eminently visible on the map of Mumbai city. These localities have become the micro-market for both the residential as well as the commercial sector. The reasons behind this emergence are:
- Better Employment Options
- Developing Infrastructure
- Affordable Housing
- Smart Connectivity
In Mumbai, one is required to travel huge distance in order to reach office and home both on time. But, the building of residential and commercial projects in these areas offers a better lifestyle and also allows people to spend quality time with their families.
Unfortunately, the established localities have their own limitation. Thus, people are now gradually moving towards these upcoming areas in search of a better and peaceful life.
Reasons that Increase Demand of Housing in Emerging Locations:
The traffic jam and congested roads make travelling hectic. Thus, people look to buy residential properties that offer easy connectivity. The other things that home buyers check are the infrastructural development, property price, neighbourhood and the environment of the locality.
The Wadala area is witnessing an increase in residential projects because of its location. The area offers smooth connectivity to:
- The Eastern Freeway
- Bandra Kurla Complex
- Chembur-Wadala monorail route
These emerging locations are properly planned and offer the walk-to-work culture where people can easily reach their destination.
Advantages of buying property in Emerging Locations:
- Firstly, the property prices in these localities are cheaper in comparison to the property prices of the established areas. So, here you get the opportunity to own home at a budget-friendly cost.
- Secondly, these locations offer better infrastructure, connectivity and living atmosphere.
- Thirdly, buying home in these locations is a wise decision as the property prices here will increase. Thus, you will receive better ROI [Return on Investment].
Why You Must Consider Buying Residential Property in Emerging Locations:
Of course, the young generation looks for better living standards and thus you as a young professional must seek to buy property in these areas.
Another reason to consider is safety. Today most of the housing projects have gated security. Therefore, you need not worry about the safety of your loved ones. The security check in the housing societies ensures round-the-clock security of the residents.
Lastly, affordable is the key thing for buying a home. The smart connectivity, premium quality construction and affordable price are the things that the emerging areas offer.
Consider these points and opt for buying a home in the fastest emerging areas of Mumbai. As the prices will touch new heights once these areas turn into the established localities of Mumbai.