Lifestyle

Manor property market: An overview

[ecis2016.org] Manor is a suburban town located close to Palghar in Maharashtra

Manor is a town located in the Palghar district of Maharashtra. It is about 16 kilometres from Palghar. Further, Manor is about 87 kilometres to the north of Mumbai city and falls on the Western line of the Mumbai Suburban Railway. Manor can also be categorised as one of the places which is situated along the Mumbai-Ahmedabad National Highway, known to connect Nashik and Mumbai. Manor is well-known for being close to one of the biggest industrial corridors in Maharashtra known as the Tarapur MIDC. Manor Dam is the main source of water supply for the town and neighbouring areas.

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Several upcoming projects in Manor are undertaken by prominent builders in Manor which include Hare Krishna’s The River Front, Wings Life Spaces’ Des, Khushi’s Aangan, Empire Builders and Developers’ River Villa and Sankalp Life Space’s Sankalp Dham.

 

Connectivity with nearby Manor localities

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In order to reach cities and major towns around Manor, the nearest connecting point is Palghar, which is well-connected via both rail and road transport. Palghar, located on the Western Railway line of the Mumbai suburban railway, offers good connectivity for those commuting regularly to Mumbai city. Several long distance trains also stop at Palghar. MSRTC buses offer service and connectivity to nearby cities of Miraj, Thane, Bhiwandi, Pune, Vaduj, Aurangabad, Kalyan, Alibag, Nashik, Shirdi and Bhusaval. Local transport like rickshaws that ply between Palghar and Manor can also be easily availed by residents and commuters.

 

 

Schools in Manor and other social amenities

The town holds good potential for setting up of new schools and colleges for its increasing population. Presently, some well-known educational institutes and schools in the area include Lal Bahadur Shastri High School, Aki Alana English High School, etc. Reputed and renowned hospitals in Manor include Rural Hospital, Jeevan Jyot Eye Hospital, etc.

 

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Manor real estate has gained significant traction in recent years owing to its proximity to popular and well-developed neighbourhoods of Boisar and Palghar. Average built-up area for apartments in Manor falls between 395 sq ft to 5,000 sq ft.  Price appreciation observed in the last 31 months is 6%. Price trends in Manor for property has been estimated to range between Rs 425 per sq ft to a maximum of Rs 3,600 per sq ft.

 

Reasons to invest in Manor

In manor, property is highly affordable and all income groups can find a good option here. Upcoming construction activities and good public transport, have given a further boost to the real estate sector of the place. As people keep searching for investment opportunities in neighbouring towns close to Mumbai, smaller towns like Manor can turn out to be a promising destination in the long run.

Check properties in Manor

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

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

Debora Berti

Università degli Studi di Firenze, IT

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