Why High Net Worth Investors Should Buy Flat in Mumbai
Mumbai and its offerings for high net worth investor
If you come under the category of a high net worth investor, then Mumbai is the most suitable investment destination for you. There are several reasons for this. For one, Mumbai is a well-developed and mature property market. As far as return on investment is considered, the chances of a rude shock are limited. When you buy flat in Mumbai, it is possible to take a calculated risk in the Mumbai property market. There is no doubt that adjacent cities such as Pune are burgeoning. But the property market in Pune is yet to mature and completely stabilize.
Secondly, good properties in Mumbai are among the highest in Asia. The rates here can be compared with those in Dubai, Hong Kong, and Singapore. As a high net worth investor, you are can buy flat in Mumbai that will give you great returns in the future.
Option of renting out premium property in Mumbai
If you do not intend to purchase property for self use, then the next best thing to do would be to rent out your property. The rental income that you are likely to earn in Mumbai is among the highest in India. For instance, you can expect to get around INR 25,000 –INR 50,000 per month for a 2 BHK flat in suburbs such as Ghatkopar, Bandra, Juhu, etc.
With a number of real estate developers offering high-end residential and commercial property in Mumbai, there is never a dearth of choice. From budget housing to high end luxurious housing, there is something for everyone in the Mumbai real estate market. Most developers offer 1, 2 and 3 BHK flats for sale in Mumbai. Of course, if you are a high net worth investor, you can easily look for luxurious 3 BHK flats for sale in Mumbai. In addition to this, there is an option of purchasing penthouses and condominiums too. These high end properties offer you the best amenities and several luxurious specifications.
A fast-appreciating asset
It is safe to say that almost all high-end properties show an appreciation of 15% to 30% or upward in a single year. Similarly, the rental slab has also increased. This means that if you were getting a rent of Rs 20,000 on your property, this rate would increase by 10% to 20% annually.
In many ways, the realty sector has proven to be the backbone of infrastructure development in not just Mumbai, but everywhere else. Thus, this is one of the best sectors to make an investment in. As a high net worth investor, purchasing property in Mumbai is akin to purchasing a home in cities such as New York or Tokyo!
Besides making a decision to buy flat in Mumbai, it is also a wise option to purchase commercial or retail space in Mumbai. This property segment has been showing a lot of potential for investors. A recent trend in Mumbai has been to convert old commercial spaces into swanky new malls. Such investments are also poised to fetch you higher returns. The city has one of the best infrastructure facilities in the country.
About the Author
Kumar Urban Development Limited (KUL) is a well known name among builders in Mumbai. Being a real estate firm KUL is offering flats in Mumbai with all modern amenities. They are also providing 3 BHK flats for sale in Mumbai which are located at prime locations from where major landmarks are in close proximity. To buy flat in Mumbai visit KUL.
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