[ecis2016.org] Mumbai, as the financial capital of India, maintains considerable heft over the real estate sector of the country. It has always been one of the most desirable residential locations in India and now, affordable localities are also available in sufficient numbers here. With great amenities, it has become all the most alluring.
Mumbra Real Estate
You are reading: Top 10 affordable localities for real estate in Mumbai
The average property rates in Mumbra are Rs 3327/ sq ft and the affordable flats in Mumbra are provided with good quality facilities. The important builders in Mumbra are Virani Constructions and Sarkar Constructions. Symbiosis Convent School is a major school in Mumbra. The major mall in Mumbra area is Mall Street.
Virar East Real Estate
Virar East is a desirable residential area and the average property rates in New Virar East are Rs 3811/ sq ft. The affordable flats in Virar East have been equipped with top notch features. Virar Railway Station is situated here which helps in connecting the area to other places. This region boasts of a flourishing real estate market with major builders such as HDIL and Rustomjee implementing their architectural skills and construction plans. Bhushan Hospital is an important hospital in Virar East. Communication is praiseworthy. An ambitious project by MMRDA, Virar-Alibaug Corridor Project is a major growth potential for the locality. Another railway corridor project, called Churchgate -Virar Elevated Rail Corridor, has been approved.
Nalasopara West Real Estate
Nalasopara West has grown into an ideal residential area off-late. The affordable flats in Nalasopara West are ample in numbers with average property rates in Nalasopara West being Rs 4258/ sq ft. One of the prominent schools in Nalasopara West is Rahul International School. Satyam Shivam Shopping Centre is a big mall of this locality.
Dombivli East Real Estate
Dombivli East is well endowed with commercial and industrial markets, broad roads and residential buildings. The average property rates in Dombivli East are Rs 4410/ sq ft and the Four Leaf Construction Companies is a known builder of this place. Affordable flats in Dombivli East is of 2BHK and 3BHK facilities mainly. Popular educational institutions in the area include Manjunatha Vidyalaya and KV Pendharkar College of Arts, Commerce and Science. Icon Hospital and Manav Kalyan Kendra Hospital are the well-known hospitals of this locality. Two major upcoming projects in Dombivli East are KDMC Sports Complex and Savitribai Phule Natyagruha, both of which will serve as entertainment centres.
Naigaon East Real Estate
Naigaon East Real Estate includes finest amenities with average property rates in Naigaon East being Rs 4544/ sq ft. Sai Enclave, Rashmi Housing Pvt Ltd and Unicorn Global are some of the leading builders in Naigaon East. The affordable flats in Naigaon East are given best features and are of 2BHK and 3BHK facilities. The most reputed school in Naigaon East is Don Bosco High School.
Virar West Real Estate
This area is equipped with great amenities and the property rates in Virar West are Rs 4588/ sq ft. National English High School is one of the notable schools in Virar West. Affordable flats in Virar West is generally of 2BHK and 3BHK facilities. The area has become a cosmopolitan suburb in recent times and one of the major factors behind this is the construction of the Virar-West Skywalk. Naturally, reputed real estate developers have thronged in pursuit of launching residential projects in Virar West. This has aided steady real estate growth in the area. The Virar Railway Station, located exactly between Virar East and Virar West, connects Mumbai to other stations in the city. The National Highway 8 (NH-8) is nearby to the area. This highway is a major intra-state road that is also accessible to Delhi. NH-3 and NH-222 are other highways accessible from Virar West.
Vasai East Real Estate
Vasai East is well located and the average property rates in Vasai East are Rs 4600/ sq ft. The affordable flats in Vasai East are offered with 1BHK, 2BHK and 3BHK facilities and the builder in Vasai East that deserve mention is Dhuri Constructions. IASIS Hospital is the major hospital in Vasai East. The area is highly industrialized with small and medium scale units producing a wide variety of goods.
Nalasopara East Real Estate
Nalasopara East has developed into an ideal residential area. The affordable flats in Nalasopara East are ample in number with average property rates in Nalasopara East being Rs 4700/ sq ft. The major school in Nalasopara East is KMPD High School. Arihant Shopping Centre is a big mall in Nalasopara East.
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Kopar Khairane Real Estate
The average property rates in Kopar Khairane are around Rs 5225/ sq ft with 2BHK and 3BHK affordable flats in Kopar Khairane having excellent interiors. Universal Construction Company is an important builder in Kopar Khairane. It is located about 20 km from Navi Mumbai International Airport and 27km from Chhatrapati Shivaji International Airport. Bus stops dot the area at regular intervals and make commuting hassle-free. Lokmanya Tilak Institute of Architecture and Design Studies and Lokmanya Tilak College of Engineering are the popular educational institutions that are situated in the area. Dr Ajayan’s Multispecialty Hospital is one of the best hospitals in Kopar Khairane. Maharashtra Industrial Development Corporation (MIDC) has contributed significantly towards the high realty value of this locality .A number of major companies have their offices here which have promoted growth of the area as the employees seek accommodation close to their workplace.
Vasai West Real Estate
Vasai West is well located and the average property rates in Vasai West are Rs 5830/ sq ft. The affordable flats in Vasai East are offered with 1BHK, 2BHK and 3BHK facilities Dhuri Constructions is a well-known builder of this locality. Carmelite Convent School is one of the eminent schools in Vasai West. Dattani Mall is the best mall in Vasai West.
These are the top 10 affordable housing destinations in Mumbai that one should definitely consider on account of their future growth potential, low property prices at present, excellent connectivity and rapidly developing social and physical infrastructure.
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