The scenario of real estate expansion beyond Mumbai and Thane
As Mumbai is growing, the demand and space for residential properties is also growing exponentially. Adding to the problem of space and populations is the skyrocketing prices of properties here, which makes it difficult for middle-class and low-income families to buy properties here. Thus, the demand for properties in regions beyond Mumbai and Thane has grown in the recent years.
The Vasai-Virar corridor is one such area which has seen an unprecedented growth in residential developments. There are ample free spaces for planned development and unlike, Mumbai Metropolitan Region (MMR), the area is free of traffic congestion. This has made it and the neighbouring areas a gold mine for real estate investors.
Mumbai is still the ‘city of dreams’ for a large percentage of the country’s population but living here requires more than just a dream. The rising price of the properties is making it difficult for average earners to even think of buying a home here. Thane and other neighbouring areas are getting great demands for residential properties as the prices are comparatively affordable in these places. Apart from that, these areas provide good connectivity to the other parts of the city.
There are also a number of industries and other commercial centres being established in areas beyond MMR. The government has also shown initiative to develop the infrastructure of these regions to increase the economy and employability.
Location Advantages
Virar of Palghar district is a growing city and is located at a short drive from the National Highway 8, which connects to the Western Express Highway and through it the major financial centres of Mumbai. Other business centres of Mumbai are also well-connected through the Western Line of Mumbai Suburban Railway.
Over the time it has become a cosmopolitan city, with a diverse population coming from different parts of the country. It has a number of entertainment spots and shopping centres in the area for the convenience and leisure of the residents. There are also a number of educational institutions and good healthcare facilities in the region.
Recently Launched Projects
The demands for residential properties in Virar have gone up with the changing demographics and it has led to the coming of a number of builders who have started their residential projects here. Two of such residential developments are mentioned below:
SR Anand Kirti Tower
Developed by SR Builders, SR Anand Kirti Tower is a recently launched residential project located in Virar West. Well-connected by various modes of transportation, the property offers 1BHk and 2BHk apartments with sizes ranging from 700 sq ft to 1005 sq ft. It provides a variety of amenities like video security, power backup, 24-hour water supply and car parking. Available for possession in March 2016, the price of these apartments are between Rs. 28 Lakh and Rs. 40.2 Lakh.
Poonam Avenue
Another premium residential property in Virar West is the Poonam Avenue, recently developed by the prominent builder, Poonam Developmers. Ready for possession, the property offers 1BHK and 2BHK apartments, with sizes between 465 sq ft and 975 sq ft. In proximity to a number of civic centres, the project provides amenities like club house, swimming pool, gym, power backup and reserved car parking. The prices of these apartments range from Rs. 27.52 Lakh to Rs. 42.98 Lakh.
If you are looking to buy a property beyond Thane, then you can go for one of the above mentioned properties.
Hasib is a foodie and an avid reader with the same voracious appetite. He is interested in the real estate market and frequently writes about the changing scenario of the realty market and investing prospects in different locations.
The Vasai-Virar corridor is one such area which has seen an unprecedented growth in residential developments. There are ample free spaces for planned development and unlike, Mumbai Metropolitan Region (MMR), the area is free of traffic congestion. This has made it and the neighbouring areas a gold mine for real estate investors.
Mumbai is still the ‘city of dreams’ for a large percentage of the country’s population but living here requires more than just a dream. The rising price of the properties is making it difficult for average earners to even think of buying a home here. Thane and other neighbouring areas are getting great demands for residential properties as the prices are comparatively affordable in these places. Apart from that, these areas provide good connectivity to the other parts of the city.
There are also a number of industries and other commercial centres being established in areas beyond MMR. The government has also shown initiative to develop the infrastructure of these regions to increase the economy and employability.
Location Advantages
Virar of Palghar district is a growing city and is located at a short drive from the National Highway 8, which connects to the Western Express Highway and through it the major financial centres of Mumbai. Other business centres of Mumbai are also well-connected through the Western Line of Mumbai Suburban Railway.
Over the time it has become a cosmopolitan city, with a diverse population coming from different parts of the country. It has a number of entertainment spots and shopping centres in the area for the convenience and leisure of the residents. There are also a number of educational institutions and good healthcare facilities in the region.
Recently Launched Projects
The demands for residential properties in Virar have gone up with the changing demographics and it has led to the coming of a number of builders who have started their residential projects here. Two of such residential developments are mentioned below:
SR Anand Kirti Tower
Developed by SR Builders, SR Anand Kirti Tower is a recently launched residential project located in Virar West. Well-connected by various modes of transportation, the property offers 1BHk and 2BHk apartments with sizes ranging from 700 sq ft to 1005 sq ft. It provides a variety of amenities like video security, power backup, 24-hour water supply and car parking. Available for possession in March 2016, the price of these apartments are between Rs. 28 Lakh and Rs. 40.2 Lakh.
Poonam Avenue
Another premium residential property in Virar West is the Poonam Avenue, recently developed by the prominent builder, Poonam Developmers. Ready for possession, the property offers 1BHK and 2BHK apartments, with sizes between 465 sq ft and 975 sq ft. In proximity to a number of civic centres, the project provides amenities like club house, swimming pool, gym, power backup and reserved car parking. The prices of these apartments range from Rs. 27.52 Lakh to Rs. 42.98 Lakh.
If you are looking to buy a property beyond Thane, then you can go for one of the above mentioned properties.
Hasib is a foodie and an avid reader with the same voracious appetite. He is interested in the real estate market and frequently writes about the changing scenario of the realty market and investing prospects in different locations.
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