Know market trends to reap better returns
After a long time spent abroad for work, Gayatri Majumdar and family is back in tinsel town for good. At the moment, she’s looking forward to an investment in Mumbai.
What gives her the confidence to buy is that while realty is slow yet picking pace, provisions of the RERA act may in future do justice to buyers. That is when she expects property prices to go up and hence an investment today. Moreover, Majumdar is choosy about localities. She wants to invest wherein the rental returns are healthy.
Here’s a sneak peek for buyers like Majumdar:
Rental yield represents the annual return from renting your house in a particular locality. In Mumbai, Kanjurmarg West followed by Thakur Village, Diamond Garden and Kalina have witnessed healthy growth.
What is in these localities for a buyer?
With property prices in the range of Rs 55 lakh to Rs 2 crore for standard configuration units, Kanjurmarg factors in affordability within the Mumbai market without compromising on the social and physical infrastructure. Developers are coming up with projects that boast of dedicated parks, branded fixtures, floorings and fittings, enhanced security systems, etc.
Job markets have always been decisive of the settlement patterns. Naturally, the vicinity of such job markets is the most sought after. The Jogeshwari-Vikhroli Link Road that connects the area to the Eastern and Western Express Highways plus LBS Marg paves way for easy accessibility. Hence, you will find prospective tenants teeming here.