Overview of Trombay, Mumbai

Location and Accessibility

• Trombay lies in the eastern part of Mumbai, Maharashtra.
• It's close to places like Chembur, Mankhurd, and Vashi, which makes it a good choice for anyone wanting a place that is both affordable and easy to get around.
• People can get there easily by road as well as by train; the Mumbai Suburban Railway and many bus routes make it convenient.

Property Prices

• In Trombay, the average cost of a property is around ₹17,362 per square foot.
• Prices go from ₹10,185 per square foot for more affordable places to ₹26,666 per square foot for luxury homes.

Property Trends

• Buying or selling property in Trombay is doing well at the moment.
• Just like in other parts of Mumbai, we should see property values go up slowly, boosted by things like the economy recovering, new buildings going up, and lots of people wanting to buy.

Types of Properties Available

• You can find different kinds of properties here, including multi-storey apartment buildings and villas.
• Options range from cheap 1 BHK flats to luxurious 2 BHK and 3 BHK apartments, fitting different types of buyers and renters.

Rental Market

• Renters can find 1 BHK flats starting at about ₹11,000 monthly.
• For 2 BHK flats, rent is between ₹30,000 to ₹75,000 per month, varying with location and the extras included.

Amenities and Infrastructure

• Trombay provides both basic and modern amenities such as gyms, gardens, pools, and clubhouses in some upscale developments.
• It also has schools, colleges, hospitals, and local markets right nearby for a comfortable daily life.

Investor Perspective

• Mumbai, including Trombay, has a high return on investment and is popular among both local and global investors.
• Upcoming projects like the Mumbai Metro extension and the Coastal Road plan are expected to boost property values in this area.

PropertyWala's Conclusion

Trombay, Mumbai, is a great real estate chance for buyers and renters. Its mix of affordability, ease of access, and increasing property values make it an appealing spot for those looking to buy or rent in a growing part of Mumbai. With prices going up moderately and construction costs rising, this may affect future costs. Overall, Trombay offers a mix of value, convenience, and future growth.