I am an NRI based out of Dubai, looking to invest in a luxury villa. My budget is somewhere between Rs 5 and Rs 7 crore. What are the best options for me in Mumbai and Gurgaon?
In Mumbai, one can get only a 2 BHK or a 3 BHK apartment in areas like Worli, Prabhadevi or Bandra with carpet area of 800-1,200 square feet in the range of Rs 5-7 crore. Moving further ahead and towards the suburbs, one can get a 3 BHK or a 4 BHK apartment, with a carpet area ranging between 1,400 and 2,000 square feet, in high rise towers offering all modern amenities. The areas to look at are Andheri, JVLR and Goregaon. However, there are plenty of options available in Gurgaon that promise high-end luxurious living in the range of Rs 5-7 crore.
I have a 3 BHK apartment in Worli, Mumbai and I am looking at leasing it out to some corporate. Can you let me know the best options and how to go about it?
Worli is in demand for its vicinity with many corporates having their offices in Worli, Elphinstone Road, Lower Parel and Mahalaxmi. Apartments in Worli seldom take time to lease out. One should list properties through reputed and reliable property consultants who can assist in the search of finding the right tenant, and help you with documentation and registration of the rental agreement.
I am confused between two locations, Thane and near Navi Mumbai airport. What would be a better location to invest in?
Thane is a better option for investment. All support infrastructure like healthcare, education, retail and entertainment are within the cluster. With its existing infrastructure supported by accessibilities to all important clusters through roadways and rail, Thane has emerged one of the most preferred destinations to invest in the MMR (Mumbai Metropolitan Region).
Navi Mumbai airport plan has already been factored in multiple times in pricing. I now see risk of prices coming down if the airport is delayed further. In wake of the uncertainty in timelines, it is not the most ideal destination to make investments.
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