Acquiring real estate in Mumbai, the financial capital of India, is known to be among the most expensive ventures globally. Finding affordable properties in this bustling city can be challenging. Nevertheless, with some guidance, it is indeed feasible to secure a home in the City of Dreams.
Here, we highlight five projects that make it possible for you to own a house in Mumbai within a budget of Rs 50 lakh.
27 GBR
Locale: Situated in Thane West and developed by Cosmos Group, 27 GBR is a residential project. Conveniently positioned, the project enjoys excellent connectivity to the Eastern Express Highway. The Thane Railway Station is approximately 5.1 kilometers away, and National Highways 3 and 4 are also in close proximity to this well-located development.
Price and size: There are 132 apartments to be launched in this project and it will ready for possession by August 2016. It offers 1 and 2 BHK apartments at price points of Rs 11,077 per sq ft. The sizes of the apartments are ranging between 427 sq ft and 668 sq ft.
Amenities : The development provides a range of amenities, including a gymnasium, swimming pool, children's play area, landscaped garden, sports facilities, jogging track, food court, conference room, piped gas connections, Wi-Fi connectivity, elevators, fire alarm system, and CCTV surveillance systems.
9 Krishna
Locale: Situated in Badlapur East, 9 Krishna represents a residential venture developed by Ishaan Dream. Badlapur East, a swiftly evolving city in the Thane district, is approximately 50 kilometers from Mumbai and 36.3 kilometers from Thane. It shares proximity with neighboring areas such as Kulgaon, Belavali, and Katrap. Boasting excellent connectivity via both roadways and railways, the location ensures easy access to major destinations.
Price and size: 9 Krishna is a 24-unit project, offering 1BHK apartments, each sized at 600 sq ft. The price of the apartments is Rs 3,150 per sq ft.
Amenities: This project provides amenities such as power back up and elevators.
Aadi Aarambh
Locale: Aadi Aarambh, a residential project by Nirman Construction, has been introduced in Ambernath East, Mumbai. Known for its affordability, Ambernath East is a sought-after location for residential properties in Mumbai, situated in the suburb beyond Thane. It shares proximity with Kalyan West, Kalyan East, Ambernath West, Ambivali, Badlapur East, Badlapur West, and Navgaon. The neighborhood is well-equipped with reputable educational institutions and hospitals.
Price & sizes: Aadi Aarambh has 140 units of 1 and 2 BHK apartments available in sizes ranging from 618 sq ft to 930 sq ft. The apartments of this project are available at a price of Rs 3,000 per sq ft.
Amenities: The project offers amenities like a power back-up system, a swimming pool, a gymnasium, a rain water harvesting system, a club house, 24x7 security services, a car parking area, a jogging track and elevators.
Aagan
Locale: Aagan, a residential township created by Shri Sai Balaji Developers, is situated in Dombivali, Mumbai. Dombivali, a suburban area in the Thane district falling under the Kalyan-Dombivli Municipal Corporation, is in close proximity to major IT parks and industrial hubs. This strategic location contributes to the popularity of the locality among both residential buyers and investors. Dombivali enjoys excellent connectivity to key areas in Mumbai through well-established roadways and railways.
Price & sizes: The project has 305 units of 1, 2 and 3 BHK apartments. The apartments are available in sizes of 660 sq ft to 1,240 sq ft and the price is Rs 6,000 per sq ft.
Amenities: Key amenities offered at this project include a gymnasium, indoor game facilities, a playing zone for kids, a clubhouse, a power backup facility, intercom facilities, car parking facilities, a swimming pool and elevators.
Athens
Locale: Developed by Vishrut Constructions, Athens is a project located in Kharghar. Initiated in March 2015, the project is anticipated to conclude by January 2017. Kharghar, positioned as one of the 14 nodes of Navi Mumbai, is conveniently situated just off the Mumbai-Pune Expressway. Surrounded by two significant highways, the area boasts excellent connectivity to key locations across Mumbai. Moreover, upcoming metro rail and mono rail connections are set to further enhance Kharghar's accessibility to various parts of the city.
Price & size: Athens has 35 units of 1BHK apartments available for a price of Rs 6,600 per sq ft. The apartments are available in sizes ranging from 605 sq ft to 700 sq ft.
Amenities: This project equipped with amenities such as a gymnasium, a children's play area, a power backup facility, an intercom facility, a landscaped garden, a car parking facilities, a rainwater harvesting system and elevators.
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Ans 1. Some of the prime projects in Mumbai are Sea Shell, Galaxy Royale, Hiral Splendour, Virgo Apartment, Rustomjee. One can get flats in Mumbai for sale at an average price of ₹3.07 Cr and median price of ₹1.90 Cr with a QoQ growth of 2.20%.
Ans 2. The family members of industrialist and founder of Famy Care JP Taparia have bought a luxury triplex apartment worth ₹ 369 crore in South Mumbai's Malabar Hill. The sea-view apartment is said to be the most expensive in the country, reported.
Ans 3. Cities with the worst infrastructure have the highest value of property,” said Dutt. “And the reason for that is, because the infrastructure is so poor, the buyer is willing to pay a premium to be closer to where they want to be. “Mumbai is a very good example of that,” he continued.
Ans 4. One can get 2 bhk flats in Mumbai for sale at an average price of ₹2.05 Cr and median price of ₹1.84 Cr with a QoQ growth of 2.20%
Ans 5. Existence of Bollywood. Bollywood has always been a major attraction to many and one of the reasons for them to visit Mumbai. ...Arts Capital. ...The Economic Central of the Country. ...Mumbai Rains. ...Street Food. ...Local Trains. ...Mumbai's Dabbawallas. ...Tourist Attractions.
Ans 6. Colaba. One of the most crowded and electrifying places to visit in Mumbai is the Colaba Causeway, famous for being the shopping paradise and having endless shops to choose from. The city of a million...
Ans 7. Most Bollywood A-listers have their luxurious abodes in Bandra and Juhu. Some of the most prominent areas in Mumbai are located in just two of these areas. The Mumbai celebrity area is largely restricted to actors who live in Juhu and Bandra celebrity houses.