Top 3 Residential Locations Favored in Mumbai

1. Top 3 Residential Locations Favored in Mumbai

2. Being a major cosmopolitan city, it doesn't come as a surprise to see people from all over the globe residing in Mumbai. And while the city is known for being a bustling hotspots, lets find which property in Mumbai entices expatriates.

3. Bandra The presence of cosmopolitan crowd make Bandra a realty hotspot for many foreigners. While the eastern part of the neighbourhood is dominated by many high profile retail outlets, eatery joints and office spaces like the Bandra-Kurla Commercial Complex, the west side of Bandra is cited to be a landmark of Bollywood due to the presence of the Mehboob Studios. Bandra is another locality that is luring many expats. Situated in the western region of Mumbai city, Bandra is a suburb that has meta morphed itself into an exclusive residential catchment area that is dotted by many opulent homes. Offering a lovely sea view, a property in Mumbai especially in an area like Bandra is sure to burn a whole in your pocket. For instance, a 1 BHK fully furnished apartment for rent that spreads over 500 square feet is expected to hover over a price band of Rs 50,000 and Rs 70,000 per month.

4. Powai Dotted by many branded retail outlets and reputed office spaces, reputed real estate developers have stried to offer quality homes with modern day amenities and facilities. And with expatriates wanting to reside close to their office spaces, Powai has become one of the most sought after destinations by many expats. The presence of many high-rises, recreational spots like parks and club houses have attracted many foreigners. Being a clean and serene neighbourhood, the vicinity is a hit amongst many expats. The skyrocketing prices too are not deterring them. They are still willing to shell out Rs 2 lakhs to rent a 3 BHK apartment. So if you have the money and are thinking of investing in flats in Mumbai, head to these localities and you are sure shot to earn formidable income. Properties in Bandra, Juhu and Powai generate high rental returns making these neighbourhoods a haven for many second time home buyers and investors.

5. Juhu Specifically known for being a home to one of the most beautiful beaches- the Juhu Beach, the suburb is nestled well between Khar, Vile Parle and Versova. Cited to be one of the most poshest neighbourhoods of Mumbai, Juhu boasts great connectivity and social infrastructure. Home to many recreational spots, the vicinity is a hit amongst many expats due to its after work lifestyle offerings. Flats in Mumbai that brag state of the art amenities are usually rented out by them. Some of the active pockets that lure many expats include Linking Road and apartments near star hotels. The growing demand for homes here have pushed property prices to soar. A semi furnished home in Juhuthat spreads over 1,800 square feet is capable to generating rental returns anywhere between Rs 80,000 and Rs 1.5 lakhs per month.

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