Mumbai, the city of dreams, is a place of diversity and contrasts. The world-class amenities like healthcare, education, entertainment, and transportation make Mumbai an attractive investment destination for many. The financial capital of India boasts some of the poshest and most upscale locations that offer a luxurious living experience. Today, we will explore some of the most prime locations in the city that are best for luxury 1 BHK villa investment:
Located in the western suburbs of Mumbai, Juhu is renowned as one of the most expensive neighborhoods in the city. It is uncommon for a city like Mumbai to feature a lot of luxury 1BHK villas. Yet, celebrities such as Amitabh Bachchan, Sachin Tendulkar, and Akshay Kumar are among those who own villas and mansions in Mumbai. Juhu stands out as an attractive residential destination in Mumbai, with a limited number of high-value real estate assets and a variety of low-rise buildings featuring independent builder floor options. The average property price in Juhu is around ₹ 44,000 per sq ft.
Byculla, a historic neighborhood in Mumbai, once home to the wealthy and influential, has undergone significant changes over the decades. Today, it finds itself at the intersection of a rich past and a promising future. South Mumbai and Byculla, with their compelling value proposition, present an exciting opportunity for real estate investors seeking to capitalize on the area’s vibrant history and promising future. The average property price in Byculla is around ₹ 33,000 per sq ft.
Nestled in Mumbai’s northwest, Versova is an upscale neighborhood renowned for its landmarks, including the Versova Fort and its picturesque beach. The beach recently gained international recognition for its extensive cleanup efforts, considered the world’s largest. Much like Andheri, Versova is primarily a residential suburb with a high concentration of sitcom stars and celebrities. The average property price in Versova is around ₹ 31,600 per sq ft.
With its upscale residential complexes, Worli has become a highly sought-after area for many celebrities, making it one of the best places to live in Mumbai. Notable residents include Virat Kohli, Deepika Padukone, Abhishek Bachchan, and others, who have invested in properties within the neighborhood for their personal use. The high-rise buildings in Worli offer breathtaking vistas of the Bandra-Worli Sea Link, the Arabian Sea, and the Race Course, further adding to the area’s appeal. The average property price in Versova is around ₹ 37,000 per sq ft.
Is Investing in a Luxury Villa in Mumbai a Smart Decision?
According to a report by Anarock, over 25,000 luxury homes were sold across India in the first half of 2022, with the Mumbai Metropolitan Region accounting for the largest share at 25%. Predictions have already been made indicating that the prices for luxury real estate in Mumbai will continue to escalate, presenting an appealing investment prospect. It is recommended to consult with a professional financial advisor and real estate agent before considering a luxury 1 BHK villa.
How to buy Luxury villas in Mumbai?
To buy a luxury villa in Mumbai, determine your budget, research the real estate market, choose a reputable real estate agent, visit the properties, and negotiate the price. It’s important to conduct due diligence and seek legal advice before making the final purchase. However, you can also take the assistance of a real estate consultant like Blox. They assist individuals in purchasing their ideal homes and making sound investment decisions with assurance. Their platform offers a complete range of resources to guide you through the real estate market.
Mumbai’s posh neighborhoods offer a promising landscape for those looking to invest in luxury villas. With its rich history, vibrant culture, and thriving real estate market, Mumbai presents many opportunities for investors seeking to make a sound investment in the city’s high-end residential properties.