PNN Mumbai (Maharashtra) [India], August 29: In recent months, the western suburban belt of Malad-Goregaon to Borivali is witnessing average rental yields now ranging between 4% and 5%, according to NoBroker. This is attributed to various factors, including heightened housing demand, enhanced infrastructure, and shifting lifestyle preferences. "The increase in rental yields across the western suburbs is a direct consequence of significant infrastructure upgrades and the influx of new residential developments," states Rohan Khatau, Director of CCI Projects, a prominent developer.
"The introduction of new metro lines, improved road networks, and the completion of several major projects have substantially boosted the attractiveness of these areas. For instance, our residential project Rivali Park at Borivali East has generated substantial interest among home buyers and the ones who seek good rental yields, added Mr. Khatau.
Echoing similar sentiments, Umesh Jandial, Chief Business Officer of Omkar Realtors & Developers, remarks, "The western suburbs, especially the Malad-Goregaon corridor, are becoming increasingly popular with modern homebuyers thanks to their well-developed amenities and conveniences. The substantial housing growth and rising rental prices highlight the strong performance in rental yields, which is bolstered by excellent connectivity via the Western Express Highway, proximity to the airport, metro lines, and the upcoming Coastal Road." Jandial further goes on .