Best locations in Mumbai to generate maximum rental income from
Mumbai has always been an excellent destination to invest in.
This city attracts investors worldwide by housing several residential options and many big conglomerates with quality infrastructure. Many investors choose robust rental yields even though the capital price is the most important criteria for rental income in Mumbai.
Goregaon
Located between Andheri and Borivali, Goregaon is an ideal destination in Mumbai for anyone who is looking for a good rental income. It is linked with Mumbai international airport, Western Express Highway, and the Jogeshwari-Vikhroli Link Road. Investors get a good rental income from 1 and 2 BHKs due to the Metro line from Versova-Andheri-Ghatkopar. After the Mumbai Metro Phase 2 is complete which connects Mankhurd-Charkop-Bandra-Dahisar and the Colaba-Bandra-SEEPZ, known as Line 3, the connectivity will improve even more.
Thane
Thane connects the suburbs via Trans-Harbour and Central railroad and has hence, become a prime spot. After a decade, Thane has developed so much that it gives investors a reaping rental income. There are many commercial estates in Thane which make it a city like Mumbai. The Wadala-Thane-Kasarvadavali Metro 4 and the Gaimukh-Shivaji Chowk Metro 10 will increase the real estate demands to another level.
Kanjurmarg/ Powai
Powai has always attracted home seekers due to the gorgeous Powai Lake and the very famous IIT Bombay. It has great connectivity to Central Mumbai via the railway and to the western suburbs via the JVLR. Powai has gained tremendous popularity among residents due to its easy access to Airoli, Vikhroli, and SEEPZ IT hubs.
Kharghar
The scenic Kharghar Hills and the two major highways in Kharghar make it the CBD (Central Business District) of Belapur in Navi Mumbai. It is famous among home buyers due to its residential township and many educational institutions. The Navi Mumbai Metro which connects Belapur to Pendhar via Kharghar will add value to many investments in Navi Mumbai. And of course, the New International Airport will tend to many business opportunities.
Wadala
Say hi to the next BKC in town! All thanks to its vicinity to the metro-4 corridor, Monorail from Chembur to Wadala, Eastern Express Highway, and the Eastern Freeway, Wadala has become a commercial hub in South Mumbai. The commute time has reduced from 30 mins to 10-15 mins.
These amazing locations are here to save if you are on a location and budget constraint. The above-mentioned locations are best suited for nuclear and joint families as they fulfill all your daily needs.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
