Maharashtra has always been a hotspot for Real estate investors over the years. This is thanks to its robust job market, excellent connectivity as well as reputed educational institutions in the state. The Maharashtra government has also been investor friendly and has boosted its real estate market with favorable schemes for homeowners and real estate investors. Some of the favorable schemes initiated by the Maharashtra Government are the Maharashtra Investment Policy (MIP) as well as the Make in Maharashtra mission. These schemes have been giving a push to the real estate sector in cities other than Mumbai in the state of Maharashtra. Maharashtra also has its capital Mumbai, which is by far one of the costliest real estate markets in the world, being India’s financial capital.
Here is a list of top cities to invest in the real estate sector in Maharashtra.
MUMBAI
The permanent population rise in the city of Mumbai, the financial capital of India, is a real story that has led to a massive real estate crunch in the city. This real estate crunch can be felt by home buyers and real estate investors with its soaring prices of real estate in the city. However, there are a number of developing areas in Mumbai for real estate investors to look at. Some areas for the best real estate investments are Andheri, Wadala, Chembur, Goregaon, Panvel, Ghatkopar, and Mira Road. The Maharashtra government has also accelerated various infrastructural projects in the city of Mumbai to boost connectivity. Some of these infrastructural projects have increased the real estate markets in the city by connecting areas of Navi Mumbai etc to the main city of Mumbai, a city that experiences a large amount of population coming in to work every day.
THANE
Thane is another real estate hotspot in the state of Maharashtra because of its connectivity to Mumbai and the convenience that comes with that. Thane’s residential real estate market is also affordable compared to the prices of real estate in the city of Mumbai. Thane has also experienced significant industrial, economic, and infrastructural growth in recent years that has also boosted the real estate sector of the place. These infrastructural growths have made Thane livable, thus projecting a very high real estate property price rise. This makes it a hot spot for real estate investment for real estate investors looking to invest in the state of Maharashtra.
PUNE
Pune is known as the educational hub of India. It is also the second most industrial city in Maharashtra after Mumbai. Amongst most surveys conducted in recent times, Pune ranks among the safest and most livable cities in India. Investing in the real estate sector in the city of Pune has offered excellent returns on investment for most home buyers and real estate investors in recent times. The top reasons for Pune to be a real estate hotspot are the following; educational hub, a number of technological corridors, and connectivity. Some of the best areas to invest in real estate in Pune are Wakad, Hinjewadi, Balewadi, and Baner.
NASIK
At the foothills of the Western Ghats, Nasik is attracting a lot of real estate investors. This is also because of Nasik’s physical and social infrastructure. Nasik projects a steep rise in real estate prices. This is because of two primary reasons. It’s because of the connectivity to Maharashtra’s two most industrial cities, Mumbai and Pune. Nasik is the third most industrial city in Maharashtra. Nasik has also witnessed a gradual job hike in the city, resulting in an increase in demand for real estate. Because of Nasik’s futuristic outlook, real estate investors are assured of an increase in the value of their real estate in many manifolds.
