Thinking of buying flats in Santacruz or any other prominent location in Mumbai? You would do well to go ahead at present without any delays. Real estate in Mumbai is entering one of its most positive phases and the market is being boosted by a steady rise in demand levels of customers. Several areas in the suburbs and places like Santacruz and Ghatkopar promise to be highly lucrative investments for buyers today. This is because of an expected appreciation in the prices of properties in these areas in the near future, on the back of growth in the real estate market and healthy customer demand. Appreciation on property value will definitely take time with regard to garnering tangible returns and individuals who purchase property now, can expect annual returns to the tune of almost 10% which is fabulous to say the least! This has sparked a huge rush for properties for flats in Santacruz or Ghatkopar among other perennially growing and developing locations in Mumbai.
The number of enquiries for flats in Santacruz has gone up rapidly and so have overall bookings, according to several builders operating in the area. The same is true for builders operating in Ghatkopar and other areas like Mira Road and Chembur. Places like Wadala and Thane should also witness heady growth in times to come as far as the real estate market is concerned. Additionally, buying property at present will help investors and end users get special discounts and freebies upon pre-booking. Spot discounts are also offered by builders on several projects in Mumbai these days and floor rise charges can also be negotiated between customers and builders. What comes out is that at present, there is an opportunity to get great deals on real estate in Santacruz and several other prime locations in Mumbai.
Buyers who can afford to bide their time can pre-book a project at reasonable prices now and reap the high returns after a couple of years. This pre-booking of flats in Santacruz or other areas in South Mumbai also helps buyers get 8-10% discounts as mentioned earlier. In eastern suburban areas, discounts may even be higher in some cases. There are several special buying schemes offered by developers these days including ratios like 20:80, 10:80:10 and 30:70 in addition to the immensely popular 5:80:15 for pre-launch projects. This helps customers purchase properties more flexibly and given the high levels of appreciation expected, buying property now definitely seems like a great idea!
