Best Locations to Buy 2 BHK Flats in Mumbai
Are you looking for 2 flats BHK in Mumbai? If yes, there are several places where you can find both affordable and luxurious options. Due to rising real estate rates, most home buyers are looking for small size units, especially 2BHK apartments. In 2013, developers released more than seven thousand residential units in the city, due to an increase in demand for properties. As the Mumbai real estate market is quite expensive for not so wealthy buyers, developers are offering flats in suburbs like Navi Mumbai and Thane at affordable prices.
Affordable small size units
Demand is extremely high for 1 and 2 BHK flats in Kamothe and Panvel in Navi Mumbai. This city has become one of the most sought after places for real estate investment in Mumbai. From attractive real estate options to basic services and organized infrastructure, there are several factors why people prefer to buy a flat in this area.
In recent years, Panvel and Kamothe have seen an increase in demand for small housing units. Compared to properties in other suburbs, flats are available at a lower price in Navi Mumbai. This factor has drawn many middle-income homebuyers to search for budget-friendly options in Panvel and Kamothe. If you want to buy a 2BHK apartment in Panvel or Kamothe, it will cost you Rs 80-85 lac (area 750-1000 sf).
Property developers in Mumbai are also creating affordable 2BHK units in areas like Vashi, which is close to the Mumbai-Pune expressway. Kalamboli is another area in Navi Mumbai where you can find affordable yet stylish 2BHK flats. Several prominent builders are introducing new residential projects in this area, catering to the high demand for 2BHK units. For a 1100 sf 2BHK unit in Kalamboli you will have to shell out around 55-75 lac rupees.
Kalamboli, developed by CIDCO, is known for its iron and steel market in India. It is a rapidly developing region that offers all the basic services such as hospitals, schools, markets and banks to property buyers.
According to experts, the increase in demand and the sale of smaller units is a win-win situation for both buyers and developers. Builders do not have to lose their profits as they do not need to reduce existing market rates. Buyers also get a property that fits their budget.
Luxury apartments for the super rich buyers
Developers have dreamed up ultra-luxury projects for outrageously wealthy buyers in malls like the Bandra-Kurla Complex, Worli and Lower Parel. Industrialists and big businessmen are willing to spend large sums on premium flats in those areas because it helps to minimize travel time.
Flats in famous parts of the city, such as Nepean Sea Road and Altamount Road, are also quite expensive. Last year, Reliance Group, led by Anil Ambani, put some 100 apartments up for sale in the exclusive NRI complex in Nerul, Navi Mumbai. Rates for 2-3 BHK apartments in this complex ranged from Rs 1.22 crore to Rs 2.50 crore.
