Four Lucrative Destinations For Real Estate Investment In 2024

Real estate is unarguably the most lucrative investment choice, with property prices only increasing every year. Commercial properties especially are in great demand these days with changing work cultures resulting in the construction of business spaces that cater to a large audience. However, the location of the property highly influences the appreciation rate. Locations blessed with the best connectivity and proximity to transportation networks, educational institutions, hospitals and other essentials enjoy high appreciation.

 

If you want to invest in real estate properties, here are a few locations that will never disappoint you. These locations have all the features that make it an ideal location. Let’s dive into the four prominent cities of Mumbai that qualify as the best in terms of location, connectivity, accessibility and more.

 

Invest in properties in these cities for excellent returns.

 

Whether you belong to the middle class or the elite class, real estate investment is something you should explore if you haven’t already. Besides the promising returns, it provides a sense of security and improves your financial health. Here are the four best cities to invest in 2024:

 

  1. BKC

 

The hub of commercial and trade operations and a one-stop destination for food, art, culture and luxury residential, BKC qualifies as the best location for real estate investment. The metro services between Bandra Kurla Complex (BKC) and Worli are likely to be operational by the second half of 2024, taking the location’s connectivity a notch higher. This hints at a further increase in property prices. Now is the best time to invest in the commercial real estate of BKC so you can command higher rents and reap the maximum benefits of the ongoing developments in the location.

 

  1. Andheri

 

Another prime commercial real estate destination of Mumbai, Andheri is one of the most sought-after locations for startups and corporate businesses. With many options to explore in traditional office spaces and co-working spaces, Andheri is one of the first places that comes to mind when thinking of commercial properties. Robust infrastructure, dining and entertainment options, and overall good social amenities make Andheri a preferred choice for commercial real estate investment. Both Andheri East and Andheri West are ideal locations to invest in.

 

  1. Thane

 

Situated in suburban Mumbai, Thane is largely known for its residential projects. However, commercial real estate too has witnessed a boom lately. Thane enjoys easy access to Mumbai with its efficient road and railway transportation networks. With co-working spaces gaining popularity, Thane has attracted the attention of many startups and small businesses.

 

  1. Lower Parel

 

Easily accessible from Worli, Mahalakshmi, and Nariman Point, Lower Parel’s commercial real estate is flourishing. From luxurious malls housing international brands to renowned residential projects, Lower Parel has it all. With work-life balance gaining attention of late, people are seeking offices near their residences to escape long commutes. Lower Parel serves as an ideal destination for such individuals and investing in commercial properties here will prove to be the right decision in the long run.

 

Investing in commercial properties of cities discussed here will strengthen your investment portfolio. Rental yields increase steadily and owners of properties will register profits a few years down the line. We hope this article motivates you to make an informed decision. 

Article authored by: Team Proptranxact

Date: 19th February, 2024

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