Why is location critical for Real Estate investment?

Is it true that location makes a huge difference? Can you benefit from buying a property in a good place? As a real estate investor these must be some of the obvious primary questions that pops into your mind regarding the real estate investment. So, is location a critical component of real estate investment? Let us find out!

How important is the location to real estate investing?

The location plays a pivotal role in determining the demand and supply : Suppose you are investing in a location that determines property prices and supplies on the real estate market, which means that demand and supply are closely connected. It would be a bad idea for you to buy a home in an area with too many rental properties when investing in real estate.

Locational attraction impacts property value : It is true that the more attractions in a location, the more expensive the property. Various factors can make a property more attractive. It may include external amenities like public services (schools, universities, hospitals), parks, shopping centers, cafés, supermarkets, or tourist attractions. Thus, if you choose high-attraction real estate with a good location, it will undoubtedly be beneficial soon. 

Location’s profitability is affected by the area : Depending on the location, you may have positive or negative returns. Whenever you purchase an apartment, you need to make sure the property will provide you with positive returns, even in the shorter term.

Invariability of the location : Property can be made more attractive in a variety of ways. You can do lots of things with an empty room, including furnishing it, renovating it, or simply expanding it. Changing your location is not possible, however. You cannot sell an apartment permanently until you acquire the property, so you’re stuck there. It would be wise to choose the location carefully before investing.

Location can make you stand out : Property appreciation is an essential benefit for those who invest in properties because it increases the property’s value. By doing so, you can pay a certain amount to acquire a department and increase its value significantly over time. It’s always a good idea to check the location when buying a house.

So now you know how important location is when it comes to real estate investing. When you are looking for 1bhk, 2bhk, 3bhk apartments with popular sites, then you should try buying property in this area in Mumbai.

Vile Parle
  • From Vile Parle, you can easily reach business points such as Andheri, BKC, Lower Parel, etc.
  • In terms of transportation, Vile Parle offers convenient bus and train services that will enable you to get to many locations in the city.
  • It is also an excellent locality to raise children as well. You’ll have an even better standard of living in this area thanks to impressive cultural landmarks, theatres, cafes, restaurants, etc.
Powai
  • In addition to Kanjurmarg, nearby locations include Vikhroli, Andheri, Chandivali, Gandhinagar, and BKC. 
  • In the locality, buses are the primary mode of transportation.
  • Several major companies have established their offices in Powai, including L&T, TCS, FIS, JP Morgan, Sanofi, Prudential PLC, Deloitte, CRISIL, Bayer, and many others.
  • There are numerous reputed schools and colleges in Powai, including the Indian Institute of Technology (Bombay), Gopal Sharma Group of Schools, Athena School of Management, and Hiranandani Foundation School.
  • During the evening, Powai has become a popular place for friends and family to gather.
Bandra
  • The area is the most vibrant area of Mumbai. With icons like Sachin Tendulkar, Salman Khan, and Shah Rukh Khan residing there, the coastal suburb has always been a hot place.
  • You can buy one bhk for just Rs 40 lakhs, two bhk for Rs 62 lakhs, and a three bhk for just Rs 1 crore in this area when thinking of investing purposes.
  • The Bandra-Worli Sea Link, the Bandra-Kurla Complex, and the Western Express Highway is reachable within 15 minutes of Bandra west. The airport is just 30 minutes away too.
  • While Bandra Gymkhana is an important cultural center, the Otter’s Club, the Bay View Club, and the MIG Club provide opportunities to relax.
Andheri
  • In addition to being highly crowded, Andheri East offers desirable residences.
  • Andheri East is estimated to have an average property price of Rs 32,900/ sq ft, and most of the flats here are spacious, luxurious, and feature 3 to 5 bedrooms.
  • Nirman Realtors and Aventa Builders are the leading builders in Andheri East.
  • Sahar village in Andheri East is a residential community near downtown Mumbai’s Chatrapati Shivaji International Airport.
  • The operation of the domestic and international terminals runs through two separate terminals.

To conclude, it’s true that location can make a huge difference for you. At PROPERTYPISTOL, we are always here to help you with advice and assistance regarding the property. You can reach us at +91 8080190190 or supporte@propertypistol.com if you would like to know more. 

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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