The island city of Mumbai is soon running out of space to accommodate those who seek to invest in a flat or the average home seeker, looking to start afresh or a family. With limited affordable and attractive buying spaces within the city, home buyers are now being forced into looking for alternate options on the outskirts of the city, such as Thane, Navi Mumbai, and even though these places do offer a lot of development potential in the next few years, they will not be able to compete with the charm and the glitz and glamour of Mumbai.
One of the major factors that influence a home buyer’s decision is that the flat needs to be located in an area where shops, restaurants, educational institutions, medical services are easily accessible. Not only does this have an impact on the buyer’s decision, but it also impacts the price of the property as well.
The investment benefits:
From an investment perspective, investing in a flat offers one of the best returns in the market and is one of the safest investments that you will ever make. Owning and investing in a 1 BHK flat for sale in Vile Parle East will ensure that not only will you find the best investment opportunities, but will also ensure that if and when you do decide to upgrade to a bigger flat in the future, the value of your flat would have appreciated significantly.
With the Mumbai civic body easing the property tax benefits and exempting flats that are less than a certain area from the property taxes, it is only a given that a 1 BHK flat for sale in Vile Parle East will fall in the same bracket and will ensure that your monthly maintenance will be significantly lower than bigger flats.
With just limited space and attractive locations left in the western suburbs of Mumbai, investing in a flat when the opportunity arises, will ensure that not only are you securing your future but will reap the benefits of the same in the near future.