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Blog > Why home buyers are migrating from Mumbai to nearby localities

Why home buyers are migrating from Mumbai to nearby localities

Mumbai is increasingly witnessing a trend where home buyers are wary of investing in the financial capital of India. Even if they have jobs in the city, they would much rather reside in places in and around Mumbai such as Navi Mumbai, Thane, Panvel, Ulwe, khopoli etc.
Here's why:

Skyrocketing real estate prices
In the 'city of dreams', you can only dream of buying a house. Did you know that Mumbai features in the five most expensive real estate destinations in the world? If you can afford to buy an apartment in any of Mumbai's prime locations, you'll automatically join the club of the privileged few.

Crippling infrastructure
The city is infamous for the sheer number of people it holds – over 2.1 Crore. Unfortunately, unlike Delhi and Bangalore, Mumbai cannot expand horizontally and hence, the infrastructure is unable to cope up with its humungous population. The result is - daily commutation becoming a nightmare, jam-packed trains and buses, bumper to bumper traffic, etc.

Concrete Jungle
Mumbai is well on the verge of becoming a concrete jungle. There are apartments mushrooming in every nook and corner of the city as flora and fauna take a huge hit. This has resulted in a lack of open spaces, cramped localities, and no playgrounds and gardens for children.

Rising pollution levels
The environmental situation of the city is looking ominous and precarious. In fact, just last year, Mumbai was voted by WHO as the 5th most polluted megacity in the world. To make matters worse, it was also labelled as the noisiest city in India.
And so you have thousands and lakhs of residents who live in suburban Mumbai, which is filled with gardens and open spaces and offers a much better standard of living – and simply commute to Mumbai as needed.
If you too, like them, are looking for residences along the peripheries of Mumbai, why not explore projects by Lakhani Builders? They are the leading developers in locations like Thane, Navi Mumbai, Ulwe, Panvel, Khopoli etc. Explore Lakhani’s Projects.