I want you, for a moment, to think about your ideal home. What it looks like, what it feels like, even what the air smells like when you’re in it.
You got that? Good.
Now, step out onto your balcony, and tell me what you see. What is the view like from your dream home?
If you imagined a swirling expanse of water, and a cityscape in the distance, you aren’t alone. Lots of people (myself included) would love to live close to the water. But what is so great about it?
The peace of mind.
Can you put a price on peace of mind? No, you can’t. Your view is one of the most important things that will determine the quality of your life in any home. Yes, you need to have a loving family and a good circle of friends. But the view, it matters. A lot.
There’s a tranquility that comes with living close to the water that is indescribable. When you glance out into an expanse of swirling, crashing waves, it grants you a lot of perspective about your own life. If you’re in Mumbai, you’ll have experienced it as you look out over the Queen’s necklace. Sure, there’s too many selfie-clickers there at all times, but we’re talking about the bigger picture here.
We aren’t supposed to live in a concrete jungle. Your mind is scientifically proven to be more susceptible to stress when you’re surrounded by man-made structures all the time. Hence, water.
The investment benefits.
You look out of your balcony, coffee mug in hand, and look at a calm body of water. You inhale quietly. Yes, you’ve made it. If you have a waterfront property, you’ve achieved one the highest value investments you could make, especially in the Mumbai real estate market.
Properties in and around Marine Drive and those closer to the Worli sea face are amongst the most expensive ones you could purchase in Mumbai today. And they’re only going to get more valuable.
So, we’ve concluded two things – living on the water is amazing, and it is expensive. What does that mean for you as a real estate investor? Ka Ching. Aka, profit. If you’re just someone who’s worked hard and wants to buy their dream home, you can’t go wrong with a waterfront property.