Mumbai’s First Metro Rail Link Wooing Investors to Ghatkopar

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Mumbai’s First Metro Rail Link Wooing Investors to Ghatkopar

Mumbai’s First Metro Rail Link Wooing Investors to Ghatkopar

The very first Metro rail link in Mumbai, Versova-Andheri-Ghatkopar (VAG) Corridor seems to have great impact on property prices in Ghatkopar, including both commercial and residential projects. Versova and Ghatkopar stations, along with areas like Andheri, Chakala, Sakinaka, Azad Nagar, and Airport Road also reduce the travel time from Versova to Ghatkopar from 90 minutes to just 21 minutes. Along with it, the metro rail also speeds up the connectivity between western and eastern suburbs. Ghatkopar is the bustling and very vibrant part of the city with several shopping centers, restaurants, malls, jewelry shops, schools and colleges.

Reduced travel time provides a lot of option for those looking for affordable housing in lush green environment with easy access to transport, business and entertainment hubs. It will open a lot of opportunities for younger couples and families looking for 1 BHK and 2 BHK homes in Andheri and Western suburbs or traveling to South Mumbai. Some of the nearest locations are R Mall and access to family restaurants, fine dining, shopping complexes and schools. CEO of Jaycee, Mr. Mukesh Bhagtani is developing affordable luxury houses in Ghatkopar and they have several on-going luxurious projects in Ghatkopar East and Ghatkopar West.

Since the Metro rail network has been launched, Ghatkopar has seen dramatic rise in demand for luxurious 1 BHK and 2 BHK homes. It is looking forward with Panjarpol-Ghatkopar Freeway, that has just been opened and motorists can easily reach South Mumbai within 30 minutes. Ghatkopar West is a well placed neighborhood with modern infrastructure and one can easily commute from virtually all parts of the city. The cost of living is very affordable with close access to transport and it improves better living. Ghatkopar has a lot of colleges and schools in this area and it is an ideal family locale. For both home seekers and investors, Ghatkopar West witnesses great potential. With its blend of modern and traditional culture and connectivity to western suburb through metro and broad roads, Ghatkopar is going to be the most significant locale for residents. Developers are also looking forward to lure investors to this suburb.

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Mira Road Becomes Most Anticipated Real Estate Hubs of Mumbai

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Mira Road Becomes Most Anticipated Real Estate Hubs of Mumbai

Mira Road Becomes Most Anticipated Real Estate Hubs of Mumbai

Being the part of Mumbai Metropolitan Region, Mira Road is positioned on the north of Mumbai. It has become one of the leading investment destinations in MMR. Mira Road is located on the western route of Mumbai suburban rail network and it enjoys close connectivity to Thane, Navi Mumbai and Mumbai. It is operated under Mira Bhyandar Municipal Corporation. Bhayandar and Mira Road have been developing frequently into residential suburbs as several manufacturing industries are closely located and Mira Road has great connectivity to Mumbai. A lot of developments have been done on the eastern part of railway line and the western part is well covered with salt pans and mangroves.

Naya Nagar, Lodha Complex and Shanti Nagar are some of the well known residential locations in Mira Road. On average, the apartments are priced around Rs. 7300 per sq. ft. in Mira Road. Despite the inferior investment sentiments in residential real estate, Mumbai has still managed to grow. A lot of infrastructure projects are planned to develop across MMR by the Maharashtra Government. These projects also include Coastal Road Project to extend from Kandivali to Nariman Point along with Navi Mumbai Airport and they have been driving the real estate prices in such areas.

The plans of state government to build Mumbai a gaming and animation hub will give huge impetus to employment creation and opportunity. It would lead to huge upsurge in housing demand. From April to June 2015, there was a significant drop in the number of individuals buying homes in Mumbai Metropolitan Region. Mumbai has always been the market where real estate prices have been appreciated well and they have witnessed the decline in the investment sentiment. Despite poor sentiments and sales, the housing prices have been unaffected. In fact, the properties are going unaffordable for most home buyers.

According to a recent research, a lot of homebuyers choose Navi Mumbai and western suburb to live in. A lot of prospective buyers are looking forward to see reduced housing prices. There are several home buyers settle in the range of Rs. 20 Lakh to Rs. 40 Lakhs.

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Bhandup to Witness Gradual Growth in Real Estate Industry

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Bhandup to Witness Gradual Growth in Real Estate Industry

Bhandup to Witness Gradual Growth in Real Estate Industry

Bhandup is Mumbai’s one of the oldest suburbs and it was nothing but a dense forest in the past. The area witnessed significant growth in industrial segment. Around 40 years ago, the real estate scenario has seen an upsurge. Today, Bhandup is one of the most anticipated residential suburbs in the city. It is the suburb which is the house to the Asia’s biggest water filtration plant. It is categorized into Bhandup East and Bhandup West. As compared to Bhandup East, Bhandup West has seen more developments. Bhandup is a well developed suburb when it comes to social infrastructure and connectivity.

Along with affordability, these factors are driving the suburb to grow in real estate market. The region has become among the leading investment destinations. A lot of real estate activities are going to happen in this area. A lot of high end projects have come up in this suburb. A lot of proposed infrastructural projects, such as Goregaon-Mulund Link Road are coming up to improve connectivity. When it comes to accessibility, Bhandup West is strategically connected to the city through rail and road. The micro market is well covered by the major localities like Mulund, Bhandup East, Andheri East and Powai.

Lal Bahadur Shastri Marg or LBS Marg also intersects through this suburb and connects this locality to Mumbai and Thane. It is also located in the vicinity to Eastern Express Highway. It has huge road network to ensure intra and inter connectivity of the area. It also has railway station lies on the central route of Mumbai Suburban Rail Network. The airport is located around 12 km from this landmark and one can access it within 50 minutes. It also has a lot of minor and major industries, small scale manufacturers and companies.

Shopping malls that are located around are the Dreams Mall and Neptune Magnet Mall which house a lot of national and international brands. It has world-class retail outlets of brands including American Eagle, Wills, VIP Showroom, Debenhams, Lee Cooper and Reebok. Several grocery stores, shopping complexes and multiplexes like Carnival Cinemas, Cinepolis and Shree Krishna Cinema are located here.

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