Central Mumbai suburbs: Unwavering growth in real estate landscape

Irrespective of reduced footfalls, political turmoil and unsuccessful infrastructure development plans, the city of Mumbai saw considerable growth. According to the 99acres.com Insite Property Report, the city managed to clock in a growth of 2 percent in the last quarter.  The city continued to advance in its path of overhauling and the development in its suburban regions maintained the buoyancy of the real estate market of Mumbai.

The Mumbai suburbs formed one of the largest districts of the nation by population. The Government is taking initiatives to improve the rail and road connectivity and designing new infrastructural plans for this region. Proposal of laying the elevated Metro line has increased the worth of the region.  The industrial growth and existence of the top organizations is an added factor due to which the realty market of the city is thriving.

The city continues to experience the development of new project plans. Some of the ongoing new constructions are as follows:

1.    Kalpataru Crest: Kalpataru Crest , is one of the architecturally rich and classy projects constructed by the reputed Kalpataru Group. Build over 4 acres of land, the plan provides elegantly designed spacious 2BHK and 3BHK apartments at a reasonable price. Comprising of 2 blocks of 416 units and 36 floors, the apartments are amidst lush green nature where you can feel the fresh air. The plan enjoys a host of locational advantages. It is located close to the Eastern Express Highway, BKC, Vikhroli, Airoli, and Thane-Belapur Road. The project assures comfortable living to its residents and has all the modern amenities in place that include a clubhouse, a meditation centre, play area for kids, gym, swimming pool, multipurpose hall, waiting lounge, sports facility, paved compound, garden and open space, rainwater harvesting, sewage treatment plant, intercom, Wi-Fi connectivity, firefighting equipment, power backup, staff property, lift, car parking, video security and water supply round the clock. This heap of luxuries complies well with the Vastu norms. The 728 sq.ft . to 1778 sq.ft sized apartments are priced at Rs. 1.65 Crore to 2.2 Crore. 

2.     L and T Emerald Isle: This is a well-thought construction in Saki Vihar Road in Powai area of Mumbai by the reputed L and T Realty developers. The foundation is laid over 16 acres of land offering 2BHK, 3BHK and 4BHK apartments. This is gated community set amidst the calm and peaceful nature. The plot is close to important roads, rail and airport. Providing for a comfort living, the plan has all the essential amenities in place that include golf course, a clubhouse, meditation centre, waiting lounge, community hall, sports area, gym, swimming pool, power backup, round the clock water supply and many more. 635 sq.ft. to 4235 sq.ft. sized apartments are available at a price range of Rs. 1.8 to 7.78 crore.

Though the city sees a lot of inventory stock when it comes to residential apartments still due to the presence of a range of key factors the city and its suburbs shows a positive growth in the real estate market.

 Agniva Banerjee is a professional writer who closely follows the real estate sector. Her articles offer genuine facts and information about the realty sector in India.