Buying an Affordable Flat in Virar

If you are looking for a 1 and 2 Bhk Flats in Virar West, there are several residential projects to choose from. Flats in Virar are available at an affordable rate compared to other parts of Mumbai.

Affordable rates and easy connectivity are two main reasons why properties in Virar are in high demand. Growing number of real estate development companies are exploring this far north suburb and launching luxury as well as affordable residential projects. This suburb is located in the Thane district and is well connected with Mumbai through the western line of Mumbai’s suburban railway and Western Express Highway.

 

As far as real estate is concerned, Mumbai can be divided into four main locations including, main Mumbai city (Nariman Point, Colaba and Churchgate), Mumbai suburbs (Andheri, Jogeshwari, Borivali, Kandivali, Dahisar), Navi Mumbai and far north suburbs (Vasai, Virar, Boisar and Nalasopara). The Vasai-Virar sub-region is an extended suburb of Mumbai that is extremely popular for budget housing.  Due to scarcity of land in Mumbai city for property development, land bank of Vasai and Virar are being used for property development.

 

Housing sector in Virar has been attracting home buyers who are unable to afford a decent property in Mumbai’s prime locations due to skyrocketing rates. The Vasai-Virar belt is turning into a sought-after location for property investment. Vasai and Virar are like twin townships located in the Thane district. These two areas have various residential properties on offer in the affordable and luxury property segment.

 

Why buy a flat in Virar?

 

Connectivity

 

If you are looking for a property near Mumbai that won’t burn a hole in your pocket, this suburb is the perfect place for buying a flat. Besides the Western Express Highway and western line of Mumbai’s suburban railways, Virar also has very good connectivity to Mumbai through local trains.

 

You can reach Mumbai Corporation, Dombivli, Navi Mumbai Corporation, Tarapore MIDC and Thane Corporation from Virar within an hour. Even the domestic and international airport of Mumbai is located at an hour’s distance from this area. If you take a fast train from Virar, you can reach Churchgate in merely 90 minutes, whereas if you go by roadways, it will take you three hours.

 

Affordable Rates of Properties

 

Compared to the rates in South Mumbai, Andheri, Juhu and Bandra, this location offers plenty of housing options at affordable rates. You will have to spend anywhere around 5000-6000 INR per square feet if you wish to buy a 1 Bhk Flat At Virar West or Vasai. Majority of buyers in these two regions belong to the middle-income and lower middle income groups. Even from an investment point of view, these locations are lucrative. According to real estate reports, capital values for properties in Virar have doubled in last few years.

 

Apart from property options and good infrastructure growth, Virar also has some good schools, colleges, hospitals, shopping centers, malls and entertainment avenues. Supply of water and electricity has also improved in this area due to which property demand has accelerated. Virar also has a large forest cover, offering some respite to home owners who look for homes that are away from the hustle bustle of city life.