Virar property market: An overview

[ecis2016.org] Virar is a town in Palghar district in the city of Mumbai. Virar is more popularly known as Vasai-Virar town. It is not only one of the renowned coveted residential areas in Mumbai today but also an important commercial area for its excellent connectivity with the other areas. This area is well connected to other areas via the Western Express Highway.

There are many people who believe strongly that the name of this area Virar comes from the God

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Ekavira. On the banks of Vaitarna river there is a huge temple of Ekavira Devi.

Virar is presently a town that can be called cosmopolitan in nature. There are several people

migrating to this area and it is a home to many important commercial complexes and buildings. In

the last 5 years Virar has grown quite a lot. This area is well connected to other parts of the city and

has a good social infrastructure. Many builders in Virar like Capricorn Properties, Shree Balaji Estate

etc have constructed homes in this area. There are different types of flats in Virar like 1BHK to

4BHK. There are well constructed apartments in Virar. The Virar real estate is developing today at a

very fast pace where several well reputed builders are constructing homes of different kinds and of

different sizes to serve the needs of the people accordingly.

Connectivity with nearby Virar localities

 The distance from Virar railway station to Mumbai is 64.3km

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 The distance from Virar to Chatrapati Shivaji International Airport is 58.6 km

 There are several bus stops in this locality for connecting to other places.

Schools in Virar and other social amenities

The social infrastructure of this place is well developed. There are a number of schools, colleges,

hospitals, banks, atms, amusement parks, offices, restaurants, pharmacies etc. The residents of this

area do not face any hassle regarding the social infrastructure of the area. There are schools in Virar

like Kidzee VIrar, Expert’s International High School. There are hospitals in Virar like Mahavir

Hospital, Divekar Hospital. There are banks in Virar like ICICI Bank ATM, Axis Bank ATM etc. There

are shopping malls in Virar like Reliance Trends, Saraswati Plaza. There are amusement parks in

Virar like Sapphire Garden, Laxmi Sadan Garden etc.

Price trends in Virar

This locality is one of the most developed localities of Mumbai. Due to its well connectivity and

having a strong social infrastructure there is high demand for residential homes in this area. The

pricing rate is according to the year 2016 October to December. The highest rate for multi-storey

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building is Rs 5415 per square yard, the average rate is Rs 4466 per square yard and lowest rate is Rs

3517 per square yard. The highest rate for builder floor apartment is Rs 5548 per square yard, the

average rate is Rs 4476 per square yard and lowest rate is Rs 3404 per square yard. The highest rate

for residential house is Rs 5555 per square yard, the average rate is Rs 4485 per square yard and

lowest rate is Rs 3415 per square yard.

Reasons to invest in Virar

Virar is one of the most high in demand areas in Mumbai. There are several migrants in this area.

There are properties of both luxury and affordable needs suiting the needs of the buyers. The per

square feet rates in 2010 was Rs 2000 to Rs 2200 that have now increased to Rs 4000 to 6000. This

shows the demand ration well enough and in the future times the prices will further increase to Rs

8000 to Rs 9000. This area is well developed in social infrastructure and is well connected via

different roads and has good transport for communication. This makes it a good option to invest in

Virar.

Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle