The Top Emerging Real Estate Markets in Mumbai

It's a big decision to invest in a property in Mumbai, and one that shouldn't be taken lightly. With the city being one of the most expensive real estate markets in the world, it's important to be aware of the market trends and potential impacts on your investment. However, there's good news! Certain areas in Mumbai have recently emerged as preferred housing hubs due to their affordability and higher returns on investment. In this guide, we'll share with you the top 10 emerging areas to invest in Mumbai, as compiled by 99acres. So, if you're considering investing in Mumbai's real estate market, keep reading to learn about the hottest areas for investment.

Top 10 emerging areas to invest in Mumbai

Thane

Thane is another emerging real estate market in Mumbai. This area has witnessed rapid growth in recent years, with several new residential and commercial projects coming up. Thane also has good connectivity to other parts of Mumbai, making it an ideal location for those who work in the city. Many trusted developers like Jayvardhan Goenka have well built properties such as Jasmine Tower in this area that is surely worth checking out.

Kalyan-Dombivli

Kalyan-Dombivli is a fast-developing suburb of Mumbai. The area offers a range of housing options, from affordable apartments to spacious villas, making it an attractive choice for middle-class families. The cost of living in Kalyan-Dombivli is also lower compared to other parts of the city. The Kalyan-Dombivli Municipal Corporation is also undertaking several infrastructure projects, including the construction of new roads and the development of new public spaces.

Ulwe 

Located in Navi Mumbai, Ulwe is a rapidly developing area that offers affordable housing options and excellent connectivity to other parts of the city. It is also home to several commercial and retail projects.The upcoming Navi Mumbai International Airport and the Navi Mumbai Metro project make Ulwe a promising area for investment.

Kharghar

Another area in Navi Mumbai, Kharghar is known for its greenery and excellent infrastructure. With reputed educational institutions, hospitals, and malls in the vicinity, Kharghar offers a quality lifestyle to its residents.

Dombivli

Being in the prime of Mumbai Metropolitan Region, Dombivli is well-connected through road and rail networks, with the Dombivli railway station being a major hub for local and long-distance trains. With the upcoming Kalyan-Dombivli-Taloja metro project, the area is expected to see a surge in demand for housing.

Navi Mumbai

Navi Mumbai is one of the most popular areas for real estate investment in Mumbai. This area is also home to several IT companies, making it an ideal location for young professionals and families. The upcoming Navi Mumbai International Airport is expected to further boost the real estate market in this area.

Before investing in any area, it's important to do your research and consult with experts in the real estate industry. Consider factors such as affordability, connectivity, and potential for growth, so that you can make a smart investment that can yield high returns in the long run.