The country has witnessed a major rise in urbanization and demand for contemporary living in the past 5-10 years. As a result, the traditionally preferred property investment locations are getting highly populated and expensive, in all the major cities across the country. This saturation has led to the initiation of a wave on other residential markets in leading Indian cities. As more and more areas become out of reach for certain sections of buyers in the society, new areas with great real estate potential come to serve as the best places to invest in 2020.
The year 2020 has been highly unpredictable. The novel coronavirus has plagued the world and brought it to a standstill. Given the lockdown to avoid the spread of the virus, all sectors of the Indian economy faced a drop of action of all sorts. The realty sector is no different. The residential markets in Mumbai, Delhi, Ahmedabad, and Thane are seeing almost 20-25% of markdown in the prices as compared to last year.
As the residential landscape in Mumbai and Thane undergoes such a major reshuffle, it is one of the best times to make an investment. Coupled with the expansion of new commercial areas, residential establishments in certain pockets have gained demand among the buyers.
With the prices favouring the buyers in the current scenario, let’s take a look at some of the best locations in Mumbai and Thane to buy property in 2020.
Mumbai: When it comes to compact, contemporary, and efficient homes, Giregaon is witnessing a major rise. The prices are attractive which makes it a hotspot in the western suburbs. Another advantage of the area is that it lies in close proximity to the corporate and office districts which makes it easier and saves a lot of time commuting to and from work.
Thane: Ghodbunder Road in Thane has been a hotbed of residential establishments for the past few years. On one half you find affordable and well-constructed 2 BHK in Ghodbunder road, Thane while the road goes on to offer ultra-luxurious projects with complimenting infrastructure and amenities. It also has good connectivity to the western and eastern suburbs. The highway connects you to other parts of the country as well, including Ahmedabad and Agra.
If you are looking to take advantage of the current scenario and make an investment in real estate, check out these locations for houses with great infrastructure and supporting facilities. You can also take a look at the properties by The Dynamix Group for some of the best houses in the area. Catering to contemporary living and modern requirements, the houses are equipped with the latest facilities, fabulous interiors, and a wonderful ambiance.