Mumbai is often referred to as the city of dreams. It offers immense opportunities for those living and working here. Mumbai alone is responsible for 25% of India’s industrial output and accounts for 6% of India’s GDP. It is also home to several cultural heritage sites, beautiful architecture, and world-class infrastructure.

Having your own home in suburban Mumbai is a dream come true for anyone. The city offers everything one can imagine. In this blog, we will discuss seven benefits of buying a home in suburban Mumbai. We hope these points will nudge you towards considering living in Mumbai, starting with:

1. Great Location

Suburban Mumbai refers to locations like Dadar, Bandra, Sion, and Mahim. These localities are in the heart of Mumbai, serving as important connectivity points between Mumbai, Thane, Raigad, and other districts. Residential properties in Dadar and Bandra are highly sought after due to this.

It is a cosmopolitan city with a diverse community and people from all walks of life. As a result, the culture of suburban Mumbai is highly secular and tolerating. Living in suburban Mumbai also provides ease of commuting to working professionals and business owners, due to the number of IT parks, offices, and trade centres present in the city.

2. Investment Opportunities

The opportunities are endless for anyone looking to invest in real estate in Mumbai. Flats in Mumbai have some of the highest appreciation rates in all of India. The average appraised value of a flat in Mumbai is around 30% in the last five years. Constant development and urbanisation is one of the key reasons for such drastic growth.

You can find modern 1,2 & 3 BHK flats in Dadar, Bandra, Mahim, and Sion, that suit your needs. These flats have a rental yield of 5% to 10%, recovering the entire cost within a decade. Even if you are looking for a residence for yourself and your family, the value of the property will steadily increase.

3. Best Infrastructure Development

As the financial capital of India, there is no shortage of good infrastructure around Mumbai. The Bandra-Worli sea link is the 5th longest bridge in India, connecting the suburbs to the Town in South Mumbai. The quality of the highways and other roadways is also some of the best.

Suburban Mumbai also has some of the best schools, colleges, and hospitals in the region. Renowned colleges like D. G. Ruparel College of Arts, Science and Commerce and St. Xavier’s Technical Institute are located in Mahim. Kokilaben Dhirubhai Ambani Hospital and Medical Research Institute, one of the best hospitals in India is located in Andheri, just a few hours away from Bandra.

4. Freedom Over Your Living Space

One of the key benefits of owning a home is the freedom of living you get with it. Unlike rented apartments, you have the freedom to customise your home as you like. You can choose the paint you like, decorate the walls, and renovate your kitchen and wardrobe without having to take approvals first.

This is great for people living with family as having your own home gives you the freedom to readjust the living area for kids. Children can play freely in their own homes, creating wonderful memories for life.

5. Excellent Railway Connectivity

Mumbai is well known for its excellent railway connectivity. The Dadar railway station is one of the busiest railway stations, being a prominent junction between southern, northern and central Mumbai. Additionally, the city also has a strong network of metros, further enhancing connectivity.

Mumbai railways connect every major city in Mumbai in a fraction of the cost and time. You can complete an hour’s worth of road journey within fifteen minutes via rail. The frequency of trains is also very high, with a train every few minutes during peak hours. As a result, first-time homeowners in Mumbai are often delighted at the ease of commuting. However, being a busy network comes with its own challenges.

6. Luxury

Owning a home in Mumbai is synonymous with luxury. As mentioned earlier, it is a prime location with stunning views and world-class amenities. Bandra is home to many Bollywood celebrities adding to its luxurious aura.

Even if it may not be as luxurious as the uberly urbanised residential properties in South Mumbai, it has its own charm. Residential properties in suburban Mumbai are the perfect balance between luxury and natural living.

7. Notable Landmarks And Cultural Heritage

Mumbai is a historically significant city with its roots tracing back to colonial times. Bandra still holds the heritage of Portuguese rule in its architectural designs, food, and people. You will also notice the old charm of Marathi culture throughout Dadar, Mahim, and the surrounding region.

Several notable landmarks in this region include the Bandstand, Bandra Fort, and Siddhivinayak Temple. It also houses some of the best art galleries, movie theatres, and historical buildings. Living in such a culturally rich place improves social health and happiness.

Conclusion

Owning a flat in Mumbai is a dream come true for many. It is one of India’s most culturally diverse and infrastucturally advanced cities. There are several benefits to buying a home in suburban Mumbai, like its proximity to South Mumbai and Thane.

With the development of several sky-high residential towers, it is easier than ever to find affordable 1,2 & 3 BHK Flats In Bandra, Dadar, Mahim, and Sion. If you are looking for a residential home for living with your family or just by yourself, contact us today. Harsh Group is one of the most renowned real estate builders & developers in Mumbai.

FAQs

Q) Is buying a home a good option?

Ans: Buying a home in Mumbai is a good option, whether you are seeking an investment opportunity or a regular income via rental yields. Property in Mumbai provides a high rental yield while simultaneously building equity. Or if you are looking for a residency for you and your family, Mumbai is one of the best cities to live in.

Q) What are the benefits of buying a house in Mumbai?

Ans: Buying a house in Mumbai comes with several advantages, such as proximity to world-class hospitals, schools, colleges, commercial areas, and IT parks. Mumbai is also very culturally diverse and forward-thinking, making it a safe and fun place to live in.

Q) Is it worth buying property in Mumbai?

Ans: The real estate market in Mumbai is booming and has been steadily growing for several decades. Hence, acquiring a property in Mumbai is a profitable deal.

Q) Is it a good time to buy property in Mumbai?

Ans: If you are planning to buy a property in Mumbai, now is a good time. This is due to a strong rental market, low interest rates on home loans, and the emergence of several new residential towers.