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10 Oct

Top 5 Residential Hotspots in Mumbai

Top 5 Residential Hotspots in Mumbai

When one thinks of a real estate investment, the financial capital of India tops the list, Mumbai. India’s most preferred destination to reside and/or invest was and still is Mumbai. To reap exponential benefits from investments soon, people prefer Mumbai over any other metropolis for the sheer reason it is technologically advanced, open to innovation and has tons of opportunities at hand.

The smooth, seamless connectivity to important, central nodes of the city with its robust public transport facility to commercial and residential centres is remarkable. Tons of entertainment options with shopping malls, movie theatres, coffee shops & restaurants with unlimited cuisine options, easy access to schools, colleges, utility shops & supermarkets. Prominent institutions in this tier-1 city acts as a magnet to several individuals who come to Mumbai for educational and/or employment purpose, which explains the surge in the rate of migration. This has resulted in an increase in the number of residential projects in Mumbai keeping a spectrum of options open for home-buyers. Factors like these have constituted to make Mumbai a growth influencer.

Top 5 Investment hotspots in Mumbai:

1. Goregaon

Goregaon is a uniquely positioned hub for working professionals with its thriving commercial office real estate market along with residential property market.

Goregaon has emerged as one of the front-running property hotspots to advance the vital walk-to-work concept in Mumbai. To lengths and breadths, not only the city but the nation is thrown open to this region via various public transport with the Chhatrapati Shivaji International Airport, Western Express Highway, Metro line and AC buses at proximity. Commercial hubs of Bandra-Kurla Complex (BKC) and Andheri, NESCO, Nirlon Knowledge Park and Mindspace & the proposed ODC (Oshiwara District Center) are the central nerves of this region.

Several office projects already in place and more constantly mushrooming in and around the locality, senior corporate professionals can now benefit from the walk-to-work culture trend advantage here. In fact, MMRDA intends to transform the ODC into another BKC, furthering Goregaon’s attractiveness as a walk-to-work micro market.

Having emerged as one of Mumbai's most convincing walk-to-work suburbs, Goregaon attracts a considerable housing demand.

2. Prabhadevi

This locality is an abode to the Siddhivinayak Temple, a religious hotspot where people come from across the country. Prabhadevi happens to be one of the best localities to live since most of the commercial hubs have their central head offices around this region. Sitting right at the heart like a hub, every other node of the city is accessible to Prabhadevi providing the residents with easy connectivity to town and other suburbs.

3. Mulund

Mulund is a well-planned region that merges close to the boundaries of Thane & Navi Mumbai with a good network of connectivity via roads, BEST bus routes and train. This suburban hub has been continually booming at an increasing rate at the residential and commercial real estate front. The fast-moving infrastructure is a prime growth driver for this region, making it a desirable dwelling spot.

4. Ghatkopar

Ghatkopar has grabbed a huge amount of attention ever since the Ghatkopar-Versova metro line was inaugurated. It is well-connected to the rest of the city & important spots like the airport and railways lines. The number of real estate projects in Ghatkopar have surged on a ten-fold, making it one of the most lucrative dwelling regions.

5. Matunga

If you want to relish the bliss of residing in the heart of the city, Matunga is your bay. It is also known for its long-legacy of lip-smacking delicacy corners called khau-galli (eatery lane) sprouting across this area. Shivaji Park, Five Garden, Matunga Market are the famous spots in Matunga. The region gains an upper hand by homing renowned hospitals, schools, governmental and non-governmental institutions and organizations. Travelling across the city becomes breezy with the surge in the construction of highways and freeways. Till date, Matunga remains one of the most desirable localities to reside.

Apart from these five places, there are many more regions in Mumbai that hone the label of a hotspot. These are some of the top five hotspots that have managed to hold the spot for quite a long time.

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