Mumbai is one of the top cities to invest into. You can fetch a high return in terms of resale value as well as the rental value. However, the property rates in the main locations are very high. As you want a flat under 40 lakhs, I would suggest you to look for a property in the outskirts of Mumbai. You can choose areas like Vasai East, Virar, and Nalasopara. Here, you can find a 1 BHK flat for sale under 40 lakhs in Mumbai.
The property rates in Vasai East are 4355/sq ft, in Virar it is 4581/sq ft and in Nalasopara it is 4933/sq ft.
When it comes to rent, the rental value in Vasai East is around 7700 per month, in Virar you can rent around 7200 and in Nalasopara you can expect rent around 7800 per month for 1 BHK properties.
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Which part of Mumbai will be worth investing in a flat for 40 lakhs? Keeping in mind resale value, rent returns etc.
Subbu
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5 Year
2020-09-25T11:17:08+00:00 2020-12-15T12:40:00+00:00Comment
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