What factors influence property prices in Mumbai?

June 24, 2020
What factors influence property prices in Mumbai?

Mumbai being a city of dreams, it has been one of the few cities in the country that has provided individuals with opportunities to excel and make their dreams a reality. Right from the glitz and glamour, to the corporate life, each individual is attracted to Mumbai’s unique charm. While many dreams of owning a place that they can call their own, to do justice to the amount of hard work that they have put in, only a few are able to make their dreams into a reality, and with the ever-increasing property rates in the city, finding a good deal has become all the harder.

Limited space:

Mumbai being an island city is extremely limited on space and has forced the city to expand to various parts of the city. While properties and homes in the southern part of the city are usually out of one’s reach, especially the working-class people, flats in Vile Parle offer some of the best deals, as it sits right in the middle of north and the extreme south of Mumbai.

Being in close proximity:

Another reason why home-buyers find flats in Vile Parle as an extremely convenient place to invest is due to the fact that it sits on one of the best locations in the city. It is just a few minutes away from the international and domestic airports, to the Railway station, and Mumbai University, are all factors that act in its favour.

Easy on the pocket:

Unlike flats in South Mumbai that are often ranked among the most expensive properties in the world a Flats in Vile Parle will not burn a hole in your pocket and is the ideal investment for the working-class home buyers. The added benefit of being located in the Nothern part of the city is the fact that it is surrounded by a lot of greenery and closer to nature.

While investing in a flat, pricing is one of the major influencers, and to ensure that you get a good deal, a little bit of research will go a long way in getting you the best deal.