Why A 2 BHK Flat In Mumbai Is The Best Real Estate Investment
For most residents in Mumbai, buying a home is a once-in-a-lifetime investment. Family needs, budget and location are the primary deciding factors in closing down a particular property. Due to the high affordability rate in the current real estate market, trends are changing, and homebuyers are after bigger spaces and better living.
Now, buying a 2 BHK flat in Mumbai is both financially feasible and advantageous. The bespoke life of the city is the dream of lakhs of homebuyers. They all aspire to set up a permanent residence in the economic capital of India.
The investment opportunity is so alluring that you as a homebuyer are faced with the question, “Why a 2 BHK flat in Mumbai is the best real estate investment?” If you have the financial stability and can afford to buy a 2 BHK, here’s why now is the best time.
The real estate market is taking a customer-centric turn now, and with the introduction of new rules for catering to more affordable housing, the demand for larger homes has increased significantly. To fulfil this demand, developers are building more 2 BHK units than before in their projects.
The trend for larger spaces, popularised during the pandemic, still overwhelms the market. And the extra space offered by a 2 BHK flat serves the need for personal office space, study room, kid’s playroom or a guest room. It accommodates the need for extra space for homebuyers who only want the best in life.
Government regulations and developers’ keen interest in creating a customer-centric market has given rise to the availability of competitive prices on residential projects. Developers now offer competitive prices on projects in the city’s most coveted addresses. Therefore, homebuyers choose to buy larger spaces in search of their dream homes.
More space, relatively less cost hike
Buying a home is a cost-sensitive decision. In most scenarios, it even trumps the needs of homebuyers. If you have a nuclear family, a 2 BHK space is the ideal choice. When it comes to cost analysis, 2 BHKs are relatively more cost-effective than 1 BHKs. On the other hand, 2 BHKs are significantly more affordable than 3 BHKs. Due to these cost factors, most homebuyers prefer buying 2 BHKs.
The resale value of the 2 BHK configuration is quite high in real estate hotspots like Mumbai. Thus, families consider it a lucrative long term investment. A nuclear family looking to sell their 2 BHK home can do so at a great resale value in the future. As the demand for 2 BHK flats will only increase in the coming years due to growth prospects and market trends, it will become easier to obtain high returns on your investment.
THE VIEW, a project by Mayfair Housing, is getting shaped up in Powai Extension. The 33 storey marvel, one of the tallest towers in the vicinity, offers Premium 2 Bed Residences @ Rs. 1.45 Cr* (All Inclusive). Your home grants you access to an uninterrupted view of the Vashi Creek that spans thousands of acres. You get to bask in your favourite indulgences with 10+ custom-designed amenities. Now nearing possession, your View will be delivered to you on the promised day, date and time.