Mumbai Real Estate Prices, is it the time to invest now?

Bharat Bang
2 min readMay 14, 2023

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Was thinking to invest in a property but was just going through the developments happening across Mumbai or other developments which might affect real estate prices in future

  1. Sea Link to Panvel, this will be adding entire new region accessible quickly to SoBo, why to travel to Thane 1.5 hours when you can reach same place in 20 min
  2. New Airport in Ulwe, this would move a lot of huge establishments to this new area
  3. Freeway till Thane, reduces travel time
  4. IT parks growing in Thane
  5. Metro from Powai to Thane till Bhiwandi/Kalyan, this will facilitate people to travel farther places in lesser time. e.g i can reach Bhiwandi/Kalyan where a 2bhk (900 sq ft) costs 70L, where a 630 sq ft carpet flat in Thane costs 1.2 cr.
  6. Tunnel from Thane to Borivali
  7. Development of IT parks in other Tier 1 cities like Nashik, Nagpur, Aurangabad
  8. WFH for few companies
  9. Development of Film City in UP, this will move a lot of people out of Mumbai, which lot of want due to sky high real estate prices.
  10. Availability of inventory, in early 2009 there were less 20+ floor buildings, but now all building are 30+ floors.
  11. Saturation of prices, a property worth 40L is 2.4 cr in Thane in Hiranandani Estate, but will it be 15 crore in 2032?
  12. NH3 widening till Samruddhi Expresway, this will reduce time travel to Kalyan/Bhiwandi, etc

Considering all above I don’t see prices increasing anytime soon.

What are your views?

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Bharat Bang
Bharat Bang

Written by Bharat Bang

Armchair Thinker, Technology, Surfer

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