Mumbai - once a combination of seven islands, is a thriving megacity now. In addition, Mumbai is also the financial capital of India. Probably, that’s the reason the city always seems to be bursting. The lifestyle is pretty chilled out and even the climate is very pleasant: not too cold nor too hot. If given an option, most people would like to own a home in the city. From an investment perspective or for residential purpose, a 2 BHK in Mumbai is one of the best things that can happen to you.
That said, buying a house is as difficult as buying a house in Mumbai, requiring the same amount of research and efforts. Accordingly, among all the essential prerequisites, knowing the right locality for residential purpose is foremost. Another thing which can make the process of buying a flat in Mumbai easier is to go for a home loan. There are various financial institutions who offer home loan of up to Rs. 3.5 crores which can be paid back in a tenor of up to 20 years. The interest rates and terms and conditions, however, vary from one lender to the other. It is thus ideal to check what each lender has to offer thoroughly before choosing a lender. Hence, below are the top 4 localities in Mumbai for residential purpose.
1). South Mumbai
Altamont Road, Malabar Hill, Nepeansea Road, and Cuffe Parade are some of the best and safest areas of South Mumbai. People planning a 2 BHK flat in Mumbai should always start with South Mumbai.
2). Bandra
Bandra is one of the best localities in Mumbai for working people. It is known as the 'Queen of the suburbs,' due to the several reasons; (1) it is a junction that connects different suburbs to Old Mumbai, and (2) Mannat - the personal bungalow of the Bollywood’s King Shahrukh Khan.
3). Juhu
Lastly, Juhu has the highest number of filmstars residing there. The area is best for people who like diversity, the home buyers, as well as renters, have the option to choose between a 2 BHK flat and a bungalow.
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