Good time to invest in Micro – markets

Godrej Properties makes first investment from $275 million fundBy Accommodation Times Bureau

Amit Wadhwani, Director Sai Estate Consultants (Guest Article)

Up until now, buyers were taking a wait and watch approach. A lot of new policies and rules were being implemented. However, we can now expect buyers to come back to the market.

The overall market sentiment has also improved, which would further help buyers in making the investment decision.

The trend in Mumbai is on a rise where end-users are shifting from high-cost to more affordable areas. Due to good connectivity low-cost suburbs like Goregoan East have continued to do well. Even Chembur, an industrial hub, has swiftly transformed into a prime residential real estate spot. Experts are expecting price appreciation at this central Mumbai location due to excellent connectivity to key centres such as South Mumbai, Central Mumbai, BKC, Thane and Navi Mumbai. Suburbs that had been bypassed by realty development have now become hot property for residential projects, commercial projects or both. And while most vibrant new markets are scores of kilometres away, some are also right here in its older suburbs.

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