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Big banners and hoardings of real estate properties across the street have always drawn the attention of home seekers but the pricing on the same has withdrawn their interest. We all are aware of the fact that it has become very difficult to own a flat in Mumbai in 2018. The increasing prices and inflation has impacted the decision - to buy or not to buy. Well, we should appreciate the efforts taken by our government to initiate plans like demonetisation, GST, PMAY benefits that 'housing for all' is not just a concept and everyone can avail the same. The budget has always been a major factor while buying a house.
We have jotted down certain residential localities that fall under the budget of Rs 50 lakhs and would be a great choice to put your money in.
Virar - Virar is a part of the Mumbai Metropolitan Region. It is also a part of Vasai-Virar Municipal Corporation in Palghar district. Real estate market has gained great popularity in Virar because of the interest shown in the development of the locality by big developers like Shapoorji Pallonji, Ekta Housing, Poonam Developers and more.
Connectivity: Virar is connected to Mumbai via the western line of Mumbai suburban railways and Western Express Highway. Connectivity through local train is also an attractive factor for the home seekers who want to buy a dream home in Mumbai within an affordable range. The fact that connectivity towards Virar is good and is improving with the upcoming infrastructure developments has made Virar a worthwhile place to invest and live in.
Infrastructure: Western Express Highway connects Virar to other localities of Mumbai.
The internal roads have also been developed in the last few years.
Starting price of the properties available in this locality is Rs 30.55 lakhs onwards.
Dombivali- Dombivali is a suburb of Mumbai Metropolitan Region and a city in Thane District. The property prices in Dombivali have already shown a remarkable growth. With various factors contributing to its growth is sure a worthwhile investment and a great place to live in. There is a growing demand for homes and commercial spaces in Dombivali and this demand will just keep on rising in the near future. The city also has a number of reputed schools, hospitals, malls and multiplexes. Palava will soon benefit from upcoming infrastructural developments like Navi Mumbai airport, Rail expansion (Diva-Airoli), Upcoming Metro and Improved road connectivity to the wider MMR.
Connectivity: Dombivali is well connected to Mumbai and Navi Mumbai through Thane. It is a fast-growing town and the availability of local train services has given it the position of the suburb of Mumbai.
Infrastructure: The Mumbai Metropolitan Region Development Authority (MMRDA) has planned to develop Dombivali and other areas under Extended Mumbai Urban Infrastructure Project. This plan includes road development and construction of a flyover in order to reduce congestion thereby improving the overall connectivity and transportation means
Price starting from Rs 36.99 lakhs onwards seems to be a great investment choice.
Panvel- Panvel has come a long way and has transformed into the most sought-after realty destination for affordable homes. Making impressive contributions in the realty zone, the real estate developers like Wadhwa Group and Sai Krupa Developers have come up with several innovative and new projects in Panvel to meet with the customer requirements.
Connectivity: Panvel is closely connected to Mumbai. It is connected to Mumbai- Pune expressway and Sion- Panvel expressway also this locality connects both central and western lines efficiently, which is one of the major reasons why Panvel is a home to many people since the past few years.
Infrastructure: Infrastructural development determines the value of your property. With the upcoming new International airport, commercial activities will definitely increase resulting in an increase in residential properties.
Panvel provides with real estate properties starting from Rs 27.81 lakhs onwards.
Karjat- Investing in Karjat is beneficial in multiple ways. Karjat is a residential hub also a well known second home destination. The location rate is reasonable as compared to other locations in Mumbai and beyond. The town is well-equipped with civic and social infrastructure, including various educational institutes. Since it is very close to Mumbai, Karjat has a huge potential for development and price appreciation. It has green surroundings along with great infrastructure which is increasing the demand for affordable housing in Karjat. Sheltrex Smart Phone City, Namo Vrindavan and Casa Unico in Karjat offer good property investment choice.
There are various restaurants, multiplexes and other recreational activities around this locations, as Panvel and Thane are well connected the residents of Karjat can also access the social infrastructure of these adjoining areas.
Connectivity: Karjat is centrally located with well-planned road network which covers Kalyan and Kasara Ghat on one side and Neral, Badlapur and Panvel on the other side. It is also connected to Mumbai’s widespread railway network and CST, Khopoli and Panvel are easily accessible.
Infrastructure: The road and rail connectivity to Karjat is great and which is why a lot of people have started preferring investing in Karjat as their first home option.
The premium residential projects in Karjat starts from Rs 12.60 lakhs onwards.
Kharghar- Kharghar is a smart city on the nodes of the Mumbai Metropolitan Region and is also home for several esteemed educational institutions like, ITM, AMITY NIFT, A C PATIL, Dr D Y Patil College and many more. This is one of the major reasons why, if Kharghar is considered for investment option the rental returns will turn out to be extremely high. Kharghar adjoins the Central Business District (CBD) of Belapur in Navi Mumbai and is bounded by two major highways and Kharghar Hills which provides a scenic view to the residents.
Iskcon Temple and Central Park with various cafes in the vicinity makes Kharghar an attractive locality according to buyers mindset as it consists of well developed social infrastructures.
Connectivity: Kharghar railway station lies on Harbour line, a part of Mumbai's suburban railway network. This place is easily approachable from Pune and other cities like Thane, Kalyan, Nasik etc.
Infrastructure: The roadway and railway connectivity towards Kharghar has been flawless and we planned. The new international airport will be at a stone throw from Kharghar which will also help improve the real estate value of the region and improve the connectivity even better.
The apartments in Kharghar starts at a price of Rs 44 lakhs onwards.
Property purchases in Mumbai should be made keeping in mind the essentials and accordingly choosing the property in the areas of ones interest as it should not only guarantee you a good return on investment but also your own home in Mumbai.
Put your skates on, as there is no stopping you from earning good capital returns. Narrow down your house hunting at www.thepropertist.com and check all the upcoming projects in your desired area.