Having a residence in mega-cities like Mumbai is a dream come true for many. People would pay a huge amount for a small carpet space just to experience the hustle-bustle and pace of life. Now, these cities are not only attracting property investors but also land crisis, water shortage, and pollution. The air is suffocating than ever, the land is much congested and now even the medical system is outdone by a pandemic, COVID-19.
The profound challenges are now getting the property investors to rethink and making them invest otherwise. The experts believe a new shift is happening in property investment.
3 Reasons Why Suburbs Is The New Hotspot For Investors?
- High Growth Potential
There is no denying the fact that metro cities have unlimited opportunities but one must not forget the competition is high too, but this is not the case in suburban areas where the occupants are fewer and opportunities are more. Residents can expect high growth there.
- Reasonable Pricing Compared To Main City
Suburban areas are all about open space and greenery. Since not many occupants have reached here, the pricing is pretty reasonable for people to buy. For instance, properties in Navi Mumbai are quite affordable and have great resources in and around the area. Main areas in the city like Bandra, Andheri, Powai, etc. can cost a fortune even for a small space.
- Less Density More Space
Metro cities are more occupied than ever. Migrants shift here for better work opportunities and improved lifestyle. Every year the number of migrants is increasing in cities like Mumbai making it densely populated. Thus, for those who wish to live in less congested and more resourceful place prefer investing in suburbs just 10 min away from upcoming Navi Mumbai International Airport.
Real estate in Navi Mumbai is a suburban area that has much to offer to the property owners. Especially the COVID outbreak has resulted in humungous work from home opportunities thus, most investors are finding it as an opportunity to invest in suburbs and escape long hours of commuting and hassled lifestyle. To know more about the growth and development in this area.