Namrata Ekka | February 7, 2017 @ 11:18 AM
Post demonetisation, investors have steered away from any transaction in the real estate market. Though the momentum has fallen dropped in the capital market, the rental market has emerged strong. Industry experts believe that rental prices to grow 5-8% in next one year. Which sectors of the city performed well in terms of rental growth? Read more.
Localities offering high rental values
The following graphs show the rental yield of the past 9 months.Rental Yield represents annual return from renting your house in that locality.
Magicbricks data reveal that among the localities in Mumbai that have shown a high growth in rental yield in past 9 months, Chembur Colony tops the list with 16.0 per cent growth, followed by Jankalyan Nagar with 14.2percent growth, Ashok Nagar with 13.3percent growth, Aarey Milk Colony with 13.3 percent growth, and Sakinaka Junction with 7.6 percent growth.
Properties found in these localities
We have considered two localities offering abundant flats and residential house inventory and mentioned their current property supply
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2BHK Flat price bracket |
3BHK Flat price bracket |
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Ashok Nagar |
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The social infrastructure
Magicbricks ratings and reviews show the social profile of the localities. The readers who are the residents or property owners have given the locality ratings based on their liveability quotient.
Ashok Nagar (JCC Area) information not available.
Namrata Ekka, Magicbricks Bureau