The City of Dreams has become a realty hotspot, ranked as one of the top markets for buying homes both for investment and end-use. As the city witnesses non-stop development in infrastructure and transportation, property prices are rising as well.

However, financing a property is easier today, with an increasing number of home loan lenders offering quick access to funds.

So, if you are looking to buy a house in Mumbai, here’s a list of the best places.

Malad (West)

Owing to its proximity to the commercial zone of Andheri and the Bandra Kurla Complex (BKC), Malad has seen a significant housing demand. The Western Express Highway and the local railway network ensure that the residents enjoy good connectivity. Besides, with the Dahisar-Mandale metro line scheduled to start soon, the metro connectivity will get a boost.

 The demand for small-sized residential properties, including 1 BHK and 2 BHK units in Malad, is on the rise, and the property prices are expected to appreciate. The business hub of Mumbai also houses premium localities with world-class amenities.

Goregaon (East)

If you are on the hunt for affordable residential areas in Mumbai, Goregaon might be the perfect choice for you. Conveniently seated between Borivali and Andheri, Goregaon boasts of close proximity to the commercial belt. The area also has excellent metro and road connectivity.

What’s more, the area is witnessing extensive construction from top residential builders and building developers. Now is the best time to opt for a structured home loan EMI plan and buy a house in Goregaon.

Andheri (East)

Andheri (East) is a mix of ever-expanding residential areas and commercial projects. Moreover, the Santacruz Electronics Export Processing Zone (SEEPZ) and the Maharashtra Industrial Development Corporation (MIDC) are close to the area. Great rail and road connectivity, well-equipped neighbourhoods, and good employment opportunities are some of the many benefits of residing here.

The lowering of home loan interest rates has increased housing affordability and ramped up investments in areas like Andheri (East).

Vasai and Virar

Undoubtedly, Vasai and Virar are among the most affordable housing localities in Mumbai. If you are looking for pocket-friendly homes, these localities are the ideal choice. This is your chance to give your family the gift of a well-equipped home perfectly within your budget. You can also avail yourself of housing finance from reputed lenders. Simply verify your loan eligibility and apply for a home loan.

In conclusion

Buying a house in Mumbai is a significant financial accomplishment, and strategic planning in terms of finances is crucial. While seeking home finance, choose a lender with easy loan eligibility terms, flexible tenures, competitive interest rates, and quick disbursal facilities. Use a home loan EMI calculator available online to plan your monthly expenses and timely pay off the loan effectively.