Where to find 2bhk flats in Mumbai?

If you are looking for affordable flats in Mumbai, it is not quite impossible when you look at the right locations. There are locations in Mumbai where one can find both luxurious as well as affordable options. Rising realty prices of Mumbai has been forcing individuals to look for 2bhk flats rather than luxurious apartments and penthouses. Developers too are paying heed to the rising demand of small size residential property in Mumbai and launching more residential flats in the city.

Locations that are in high demand for 2bhk flats in Mumbai are Kamothe and Panvel among others. Attractive real estate options along with basic amenities and organized infrastructure has made these areas much sought after property investments locations in Navi Mumbai. In the last few years, both Kamothe and Panvel have seen a surge in demand for small size residential units. The area has attracted many middle-income homebuyers who look for flats in their stringent budget.  A 2bhk flat in these areas would cost somewhere around INR 80-85 lacs for a 750-1000sq.ft. area depending upon the amenities included.

Property builders are also coming up with affordable residential properties in areas of Vashi that is close to Mumbai-Pune expressway. Another area of noticeable upcoming projects is Kalamboli in Navi Mumbai. The area, developed by the CIDCO is known for its ironand steel market. Its fast developing infrastructure and basic amenities such as schools, hospitals markets and banks have proved to be attractive to property buyers. The area is apt for affordable yet modern 2bhk flats. Prominent builders are catering to the high demand for 2bhk flats in the area with residential flats that could cost around INR 55-75lacs for an area of 1100square feet.

According to expert industry reports, the sale of affordable small size units is a win-win situation for both buyers and developers. The developers do not have to lose out their profits and the buyers can own flats in Mumbai within their budget. Not only buying, renting out flats in Mumbai has too become a profitable investment option. Working professionals and families having less income can look for flats for rent inMumbai. A decent 2bhk flat in these areas could cost around INR 25,000-INR 45,000 depending upon the amenities, the society or the stand-alone infrastructure. NRIs and other individuals owning flats that remain ideal find renting out flats the best options for gaining monetary benefit with the increasing demand for affordable housing in this expensive real estate market.