There are several emerging real estate locations in Mumbai which are popular amongst younger buyers. These are mostly locations which are well connected and in developing areas where civic and social infrastructure is coming up fast. Most of these areas are expected to draw a higher number of buyers in the future and have some time to go before they reach their saturation levels. This is a major plus point indeed.
Ghodbunder Road in Thane is a major attraction for younger buyers. This is majorly because of the connectivity to several areas through the Eastern Express Highway which ensures access to Mumbai’s central suburbs. There is plenty of land available for development and huge future potential in terms of infrastructural growth. Social infrastructure is top-notch and the area is home to several leading hospitals, educational institutions and shopping malls. Kanjurmarg is another coveted residential zone where residential projects are steadily taking over several industrial plots. The proposed metro railway network will also give connectivity a huge boost here in the future.
Panvel is also an emerging residential area where younger buyers are snapping up apartments at comparatively reasonable rates. Panvel is located in close proximity to the proposed International Airport and also the Jawaharlal Nehru Port Trust or JNPT. Prices are stable since there is abundant supply of land for development and several major industries are located nearby. People working in these organizations naturally seek housing options in Panvel. The overall climate in Panvel is also very good.
Ambernath is another sought-after realty destination. Ambernath offers ample options in terms of affordable housing projects. There is wide scope for growth in the future due to ample land supply and this also keeps prices of property very reasonable indeed. Housing projects in Ambernath are also attractive for those working in industries situated in the Ambernath-Badlapur stretch.