by Deepak Sawant 
The Reality of Mumbai Real Estate Market In the world of real estate, the common mantra people often swear by is “location, location, location.” And while location does play an important role, in the Mumbai property market, I have been telling my clients and sellers something slightly different from day one: the mantra here is “compromise, compromise, compromise.”
Mumbai’s real estate is unique. Prices are sky-high, and not everyone can afford their dream home in the prime localities. The reality is that you must align your expectations with what your wallet can actually afford. Trying to stretch beyond that, especially by taking a home loan, is often a setup for financial stress.
For instance, taking a loan at 8.5% interest while your investment is generating only 2-3% returns doesn’t make sense. You are essentially paying 5-5.5% out of your own pocket — a move that defies basic financial logic. Therefore, instead of chasing the most sought-after areas, it is wiser to look at upcoming neighbourhoods where infrastructure development is on the rise.
The key is to identify regions in Mumbai that are witnessing new infrastructure projects, transport links, or civic development. Invest your money there, hold on to the property, and let it appreciate over the next decade. Patience and strategic compromise, rather than impulsive desire for prime locations, are what truly make sense in the Mumbai real estate landscape.
