Vasai, the Affordable Extension of Mumbai
Located in the western suburbs of Mumbai, Vasai is the suburb of Mumbai which has witnessed booming property demands, and also the supply in both residential and commercial segments. Thanks to its connectivity to central business districts of Mumbai and availability of affordable properties, Vasai has garnered the attenton of the developers as well as homebuyers. Vasai has witnessed a consistent increase in capital values past 6 - 8 months. There has been an average escalation of 10-12% in the capital values, while the rents have gonw up by no less than 20%.
New Launches
Backed by excellent connectivity with the rest of the city parts and with a rapidly developing infrastructure, Vasai is home to a number of new projects. Ranging from 1 BHK to independent houses, to luxurious villas, the locality has everything to offer. Prices here are much affordable as compare to other suburbs of Mumbai, hence the home buyers are enjoying the situation working in their favor.
Take a look at some popular residential projects in the locality, which have been quite popular recently.
1. Reliable Glory
Reliable Glory is an ultramodern residential property being developed by the reputed builder Reliable Homemakers, and is the architectural venture of Prithvi Arch Consultants in Vasai East. The project offers apartments, studio apartments as well as shops. 1 and 2 BHK apartments are available in an area range of 540 - 680 Sq. Ft., while the studio apartments have a total area of 375 Sq. Ft. Possession of these 400 residential units and 31 shops is due in December 2017.
2. Rajlaxmi Apartment
Another residential project in Vasai East is Rajlaxmi Apartment. This project is the brainchild of Raj Laxmi Developers, and thrives to offer all sort of ultramodern amenities all under one roof and ensures unhindered living in the eco-friendly surroundings. Rajlaxmi Apartment offers well-crafted independent 1 BHK units and studio apartments within budget. These residential units are available in the area range of 490 - 630 sq. ft. and are priced between Rs. 23.79 - 25.19 lakh. Possession is due in March 2016.
3. Veena Dynasty
Veena Dynasty is among the latest residential developments of Veena Developers. The project is located strategically at Vasai East, Mira Road And Beyond, and brings in thoughtfully designed 1 and 2 BHK apartments. The residential units are available in the size range of 650 - 950 Sq. Ft. Price bracket of these properties is Rs. 29.5 lakh to 51 lakh and these are ready to move in apartments.
Expert Speaks
Hariprakash Pandey, VP-Finance and Investor Relations, HDIL, suggests that localities like “Vasai, Palghar and Virar have ample land banks, and such large tracts of land have always been available for building affordable townships of large areas, something which is impossible in Mumbai. This belt will soon be the ‘township hub’ of the Mumbai Metropolitan Region. “The township projects are being built on a large scale basis in an absolutely cost-effective manner. As a result, the region is showing the largest density of residences in the MMR“.
Rashmi Karan is a professional writer who writes about the realty industry of India and focuses on offering location-specific information of the cities. She also offer solutions for the real estate related queries.
New Launches
Backed by excellent connectivity with the rest of the city parts and with a rapidly developing infrastructure, Vasai is home to a number of new projects. Ranging from 1 BHK to independent houses, to luxurious villas, the locality has everything to offer. Prices here are much affordable as compare to other suburbs of Mumbai, hence the home buyers are enjoying the situation working in their favor.
Take a look at some popular residential projects in the locality, which have been quite popular recently.
1. Reliable Glory
Reliable Glory is an ultramodern residential property being developed by the reputed builder Reliable Homemakers, and is the architectural venture of Prithvi Arch Consultants in Vasai East. The project offers apartments, studio apartments as well as shops. 1 and 2 BHK apartments are available in an area range of 540 - 680 Sq. Ft., while the studio apartments have a total area of 375 Sq. Ft. Possession of these 400 residential units and 31 shops is due in December 2017.
2. Rajlaxmi Apartment
Another residential project in Vasai East is Rajlaxmi Apartment. This project is the brainchild of Raj Laxmi Developers, and thrives to offer all sort of ultramodern amenities all under one roof and ensures unhindered living in the eco-friendly surroundings. Rajlaxmi Apartment offers well-crafted independent 1 BHK units and studio apartments within budget. These residential units are available in the area range of 490 - 630 sq. ft. and are priced between Rs. 23.79 - 25.19 lakh. Possession is due in March 2016.
3. Veena Dynasty
Veena Dynasty is among the latest residential developments of Veena Developers. The project is located strategically at Vasai East, Mira Road And Beyond, and brings in thoughtfully designed 1 and 2 BHK apartments. The residential units are available in the size range of 650 - 950 Sq. Ft. Price bracket of these properties is Rs. 29.5 lakh to 51 lakh and these are ready to move in apartments.
Expert Speaks
Hariprakash Pandey, VP-Finance and Investor Relations, HDIL, suggests that localities like “Vasai, Palghar and Virar have ample land banks, and such large tracts of land have always been available for building affordable townships of large areas, something which is impossible in Mumbai. This belt will soon be the ‘township hub’ of the Mumbai Metropolitan Region. “The township projects are being built on a large scale basis in an absolutely cost-effective manner. As a result, the region is showing the largest density of residences in the MMR“.
Rashmi Karan is a professional writer who writes about the realty industry of India and focuses on offering location-specific information of the cities. She also offer solutions for the real estate related queries.
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