Top 3 Residential Locations Favoured in Mumbai

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Top 3 Residential Locations Favored in Mumbai
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Being a major cosmopolitan city, it doesn't come
as a surprise to see people from all over the
globe residing in Mumbai. And while the city is
known for being a bustling hotspots, lets find
which property in Mumbai entices expatriates.
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Bandra
The presence of cosmopolitan crowd make Bandra a
realty hotspot for many foreigners. While the
eastern part of the neighbourhood is dominated by
many high profile retail outlets, eatery joints
and office spaces like the Bandra-Kurla
Commercial Complex, the west side of Bandra is
cited to be a landmark of Bollywood due to the
presence of the Mehboob Studios. Bandra is
another locality that is luring many expats.
Situated in the western region of Mumbai city,
Bandra is a suburb that has meta morphed itself
into an exclusive residential catchment area that
is dotted by many opulent homes. Offering a
lovely sea view, a property in Mumbai especially
in an area like Bandra is sure to burn a whole in
your pocket. For instance, a 1 BHK fully
furnished apartment for rent that spreads over
500 square feet is expected to hover over a price
band of Rs 50,000 and Rs 70,000 per month.
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Powai
Dotted by many branded retail outlets and reputed
office spaces, reputed real estate developers
have stried to offer quality homes with modern
day amenities and facilities. And with
expatriates wanting to reside close to their
office spaces, Powai has become one of the most
sought after destinations by many expats. The
presence of many high-rises, recreational spots
like parks and club houses have attracted many
foreigners. Being a clean and serene
neighbourhood, the vicinity is a hit amongst many
expats. The skyrocketing prices too are not
deterring them. They are still willing to shell
out Rs 2 lakhs to rent a 3 BHK apartment. So if
you have the money and are thinking of investing
in flats in Mumbai, head to these localities and
you are sure shot to earn formidable income.
Properties in Bandra, Juhu and Powai generate
high rental returns making these neighbourhoods a
haven for many second time home buyers and
investors.
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Juhu
Specifically known for being a home to one of the
most beautiful beaches- the Juhu Beach, the
suburb is nestled well between Khar, Vile Parle
and Versova. Cited to be one of the most poshest
neighbourhoods of Mumbai, Juhu boasts great
connectivity and social infrastructure. Home to
many recreational spots, the vicinity is a hit
amongst many expats due to its after work
lifestyle offerings. Flats in Mumbai that brag
state of the art amenities are usually rented out
by them. Some of the active pockets that lure
many expats include Linking Road and apartments
near star hotels. The growing demand for homes
here have pushed property prices to soar. A semi
furnished home in Juhu that spreads over 1,800
square feet is capable to generating rental
returns anywhere between Rs 80,000 and Rs 1.5
lakhs per month.
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