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Should i buy a Home in South Mumbai or Suburbs in Mumbai for Investment?

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Should i buy a Home in South Mumbai or Suburbs in Mumbai for Investment?

Should i buy a Home in South Mumbai or Suburbs in Mumbai for Investment?

Should i buy a Home in South Mumbai or Suburbs in Mumbai for Investment?

The decision of whether to buy a home in South Mumbai or suburbs in Mumbai for investment purposes depends on various factors, including your budget, investment goals, and personal preferences. Here are some points that you may want to consider:

  1. Affordability: Homes in South Mumbai are generally more expensive than homes in the suburbs. If you have a high budget, you can consider buying a home in South Mumbai. However, if you have a limited budget, you may want to consider the suburbs.

  2. Rental income: If you are planning to buy a property for rental income, the suburbs may offer better rental yields than South Mumbai. The rental demand is high in the suburbs, especially in areas close to business hubs and educational institutions.

  3. Capital appreciation: Properties in South Mumbai have historically appreciated at a higher rate than those in the suburbs. However, past performance does not guarantee future returns, and there are no guarantees that South Mumbai will continue to outperform the suburbs in terms of capital appreciation.

  4. Infrastructure and amenities: South Mumbai is a well-established area with excellent infrastructure and amenities, such as high-end restaurants, shopping centers, and entertainment options. On the other hand, the suburbs are rapidly developing, and many new infrastructure and amenity projects are underway.

  5. Personal preferences: Your personal preferences, such as your lifestyle, preferred location, and proximity to your workplace, should also play a role in your decision.

In summary, if you have a high budget and are looking for a property that can potentially appreciate in value over time, South Mumbai may be a good option. However, if you are looking for a property with better rental yields and more affordable prices, the suburbs may be a better choice. Ultimately, the decision should depend on your personal preferences and investment goals.

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About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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