Mumbai Real Estate query
Hi Mumbaikars,
Context:
Living in Mumbai for last 3 years.At a stage where I want to have Real Estate in my portfolio.
From an investment perspective, evaluating whether to get a 1BHK in south Mumbai like Bandra/Worli or a 2/3BHK in suburbs.
I'm okay with a 3-4% rental yield + 5-7% appreciation as I want to have passive income as well using the investment.
Budget is upto 2Cr and looking at residential property only as I have access to a subsidized home loan, which isn't applicable on commercial properties.
Queries
Do you think a 5-7% appreciation is realistic for a locality like Bandra for an investment horizon of 5-10 years?
Where do you feel the combined return of rental yield + appreciation would be maximised - south Mumbai or suburbs? If in suburbs, which market would you suggest?
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Invest into Commercial real estate project in Navi Mumbai.
Some are available at Distress, PreLeased or under construction 🏗
Navi Mumbai near the upcoming airport
Thane
Hey, I'm a 2nd gen real estate agent. I would suggest going for options in the suburbs, Mulund, Thane or navi mumbai.
For real estate projects, preferably go for a grade A builder. There are some good options in thane. Under-construction is best if you are looking to invest.
Look for payment options like a builder subvention. Basically you can book the flat at 20% down payment and pay the remaining 80% on possession. So you don't have to take an EMI. The price difference in this payment plan is lesser than what you would pay a bank over the course of construction.
Panvel, with new airport starting. Marathon has good project around there
Wondering what you ended up deciding to do..