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The real estate sector in India has always been attracting NRIs, mainly for the fact that it is their home land. But apart from emotional reasons, there are several benefits that NRIs can avail by investing in Indian real estate. While some look at luxurious residential apartments in Worli, there are few specific areas that NRIs must consider for investing in realty. Let’s take a look at these places.
a) Navi Mumbai
When it comes to Mumbai, it is known as one of the most high-priced real estate markets in the country. Understandably so, home buyers as well as real estate developers are exploring micro-markets in and around the city. The first one that crops up in this list is Navi Mumbai, simply due to its proximity to the main city. Apart from that Navi Mumbai is soon to get its own International Airport which only means higher future returns.
Thane-Mulund is at a stage of rapid development and it is only going to get better from hereon. The return on investment in the Thane region itself is enviable, to say the least. Thane is a growing central suburb of Mumbai which is well equipped in terms of social infrastructure. Be it schools and colleges, hospitals or entertainment options, Thane has it all.
In terms of social and civic infrastructure, Virar does seem to have everything in the vicinity. The region is also very well connected to Mumbai via an exhaustive network of roadways and railways. Virar is a cosmopolitan region with many upcoming infrastructure plans in the pipeline such as the coastal road, multi modal corridor etc. These are only going to give a boost to the realty prices of the area.
The Mindspace area located on Malad link road is an IT hub with several big companies, financial names and even BPOs. Needless to say, it makes for a great home for those who are working here and thus the property rates in this area are about to shoot through the roof shortly. Apart from that, the Malad-Goregaon-Kandivali area is also know for maintaining the greenery quotient. Parks such as Liberty Garden, Inorbit Gardens & Adarsh Gardens etc. give the area a beautiful green lustre.
With realty prices in the city centre, having touched the sky, more and more most of the real estate developers are looking to invest in these growth centres that will offer home buyers and investors great appreciation as well as a good home in terms of end-user perspective. While NRIs look towards the luxury segment for investment purposes, there are only few who end up with a luxury 5 BHK apartment in Worli, the remaining look at luxurious aspects of a home such as the amenities, construction quality, location and so on and so forth. For NRIs investing in real estate in Mumbai, these key areas must be explored and for the aforementioned reasons.