After years of residential properties outperforming in Mumbai, the time is ripe to buy commercial real estate.
Commercial property rental yields and capital appreciation of commercial properties will likely outpace residential properties over the coming years. Our recent post goes over why to buy Mumbai, here are few more reasons:
1) Valuations: Ā The price per square foot for Mumbai residential properties can be 60-70% more expensive than commercial properties where many commercial properties are 20-30% below the 2008 peak.
2) New Businesses: Mumbai is the most preferred place in India to establish a business from anything from foreign retail chains to start ups to established businesses.
3) Commercial Hub: Mumbai is the commercial hub of India. This will not change.
Where to buy? From our analysis, we believe the following areas in Mumbai will provide a combination of the highest capital appreciation alongside the best rental yield.Ā
BKC
Anderhi East
Lower Parel
Bandra West to Santa Cruz West (Linking road)
Andheri West (Andheri link road)
Lower Parel
Cuffe Parade
Marine Lines (Marine Drive)
Please do let us know if you are interested in buying commercial properties in Mumbai and we would be happy to provide a free consultation. Please contact us at [email protected].
Jagaha.com
