The Rising 58 by Ashapura Realtors. Source: Ashapura Realtors
Mumbai, a city that thrives on its constant evolution, has witnessed its real estate landscape undergo a paradigm shift in recent years. As established neighbourhoods become saturated, the focus has shifted to emerging areas that hold untapped potential. In this article, we’ll take a closer look at the top 3 upcoming places to invest in real estate in Mumbai – Vikhroli, Bhandup, and Dombivali. These areas are poised to become the new real estate hotspots, offering a blend of strategic location, development opportunities, connectivity, and quality of life features that make them attractive and lucrative investment destinations.
1. Vikhroli: A Well-Connected Green Haven
Vikhroli, once considered an industrial district, is now on the cusp of transformation into a thriving residential and commercial hub. This transition has been fueled by its strategic location and the Mumbai Metropolitan Region Development Authority’s (MMRDA) grand plans for the area.
What makes Vikhroli stand out is its remarkable connectivity. It’s strategically positioned at the intersection of the Eastern Express Highway and the Jogeshwari-Vikhroli Link Road (JVLR), ensuring smooth travel to key areas of Mumbai. Additionally, the upcoming Mumbai Metro Line 6, which will connect Vikhroli to the western suburbs, adds another layer of accessibility.
Vikhroli’s proximity to business districts like BKC and Powai further enhances its appeal. As the neighbourhood undergoes a facelift with planned infrastructure development, including the sprawling Metro Bhavan and the transformation of Vikhroli Railway Station, it’s likely to witness a surge in demand for real estate.
Beyond connectivity, Vikhroli offers a refreshing touch of nature. Nestled along the eastern bank of the Powai Lake, the area boasts serene green spaces that provide a welcome respite from the city’s hustle and bustle. With modern amenities, educational institutions, and shopping centers in the vicinity, Vikhroli presents an attractive package for those seeking a balanced lifestyle.
If you’re interested in investing in real estate in Mumbai, two key opportunities that you should consider are The Rising 58 and Sparkle. With 2 bedroom apartments starting at just 1 cr for 479 Sq. Ft. The Rising 58 by Ashapura Realtors offers a highly central location complete with air conditioning and modular kitchens. On the other hand, Sparkle by ACE Realty offers 2 bedroom apartments starting at 1.56 cr* for 664 Sq. Ft. These signature residences are located right on the eastern express highway making it highly connected, and come with a number of modern amenities such as sewage treatment, closed parking, landscaping, 24×7 water supply and more.
Samarth Aura by Ashapura Realtors. Source: Ashapura Realtors
2. Bhandup: A Rising Suburban Star
Bhandup, located to the north-east of Mumbai, has emerged as a rapidly developing suburban destination that offers a mix of residential and commercial spaces. The area’s potential lies in its well-planned infrastructure, upcoming projects, and connectivity improvements.
Bhandup’s proximity to the Eastern Express Highway and the JVLR connects it to major commercial hubs and residential neighbourhoods. Its strategic location, coupled with proposed infrastructure enhancements like the Bhandup-Mulund Road and the Mumbai Metro Line 4, positions the area for future growth.
What adds to Bhandup’s appeal is its burgeoning social infrastructure. Shopping malls, healthcare facilities, and educational institutions have sprung up in response to the growing demand. The area’s transition from an industrial hub to a residential one is supported by developments like Samarth Aura by Ashapura Realtors, which offer modern amenities and well-designed living spaces. With 2 and 3 bedroom apartments starting at just 1.38 Cr* for 622 Sq. Ft. Samarth Aura offers over 60+ world class amenities such as modular kitchens, air conditioning, a fully equipped gym, swimming pool, steam and massage room, EV Charging stations, and tons of family friendly considerations such as a kids play area, skating rink, mini theatre, VR gaming room and more.
Bhandup’s residents also enjoy proximity to the Sanjay Gandhi National Park, providing a touch of natural beauty and recreational opportunities. With ongoing and upcoming projects shaping the area’s future, Bhandup is poised to be a sought-after investment for real estate in Mumbai.
The Sneh Serene. Source: Sneh Group
3. Dombivli: Suburban Serenity with Urban Potential
Dombivli, situated to the north of Mumbai, is a prime example of how suburban areas are transforming into self-sustained micro-cities. Known for its affordability and connectivity, Dombivli offers a quality of life that’s attracting both homebuyers and investors.
Furthermore, the excellent connectivity, with the newly constructed Mankoli Bridge in close proximity to our project, is poised to be a game-changer for the entire Dombivli West region. This development is expected to have a significant impact on property prices, which are currently at their lowest. Thus, there has never been a better time to invest in a house in Dombivli, as prices are likely to skyrocket in the near future.
The area’s connectivity is anchored by its railway station, which falls on the Central Line of Mumbai’s suburban rail network. This makes commuting to various parts of Mumbai convenient for residents. Moreover, Dombivli’s inclusion in the proposed Mumbai-Ahmedabad Bullet Train project elevates its status as a well-connected suburb.
Dombivli’s rapid development is reflected in its modern infrastructure. Planned residential complexes, commercial spaces, and the presence of shopping malls provide convenience to residents. The area’s transformation into a smart city with digital amenities further enhances its appeal. Part of Dombivli’s skyline now includes Sneh Serene, a modern skyrise offering 1 and 2 BHK Modern Apartments. 1BHK Modern Homes starting at 40.99* lakhs & 2 BHK Modern Homes starting at 59.99* Lakhs including amenities such as power backup for lights and lifts, ample parking, and a highly central location making it a very considerable investment for real estate in Mumbai.
In terms of lifestyle, Dombivali offers a tranquil environment, with green spaces and natural beauty to enjoy. The Kalyan-Dombivali Municipal Corporation’s focus on sustainable development and quality of life features makes it an ideal destination for those seeking a harmonious suburban lifestyle.
The Investment Verdict: Seizing Opportunity
As Mumbai’s real estate landscape evolves, these three upcoming investment destinations – Vikhroli, Bhandup, and Dombivali – showcase immense potential for growth and prosperity. Their strategic locations, connectivity improvements, and quality of life features position them as attractive options for both homebuyers and investors.
Mumbai’s real estate canvas is expanding, offering a fresh palette of opportunities for those who seek to be part of the city’s transformative journey. By strategically investing in these emerging hotspots, you’re not only securing a valuable asset but also contributing to the shaping of Mumbai’s urban narrative. As these areas flourish, your investment could be the cornerstone of a prosperous and fulfilling future.
However, it’s essential to remember that real estate investments require careful consideration and due diligence. Market trends, property prices, infrastructure development, and future growth prospects should all be factored into your decision-making process. While these three places offer lucrative opportunities, it’s crucial to align your investment goals with the neighbourhood that best suits your financial and lifestyle aspirations. To know more about these locations and the opportunities present there, or the properties mentioned in this article, reach out to us at Blitzkrieg Co. With over half a decade of experience and a growing portfolio of real estate properties, we are in an optimal position to help you make the best decision while looking to invest in real estate in Mumbai.
In the dynamic and diverse city of Mumbai, investing in real estate isn’t just about acquiring property – it’s about becoming a part of the city’s vibrant urban tapestry and contributing to its ever-evolving narrative. With the right insights and a well-informed approach, Mumbai’s real estate market can be your ticket to long-term financial prosperity and a vibrant living experience.