Mumbai-the financial capital of India has always been a hotspot when it comes to the real estate sector. With a mix of both luxury and affordable segment, Mumbai residential real estate market has always attracted homebuyers towards itself. In recent times, many new launches took place in various suburban areas. Still, Mumbaikars are betting on ready-to-move-in properties rather than under-construction units.
Currently, there are over 800 projects in Mumbai suburbs and 1,000 projects in Navi Mumbai and Thane which are ready to move and that comes at varying prices.
So, here are various areas where you can find expensive and affordable ready-to-move-in housing units in Mumbai and surrounding areas:
Situated across two districts namely Thane and Raigad, Navi Mumbai is a planned city off the west coast of Maharashtra and has emerged as a major residential and commercial hotspot in recent times. Areas in Navi Mumbai like Karanjade, Ulwe, Ghansoli, Panvel, Airoli, Taloja, and Kharghar are offering many ready to move properties which fall in the range of 36-80 lakh. Navi Mumbai enjoys smooth connectivity and well-developed infrastructure. Due to a thriving commercial hub, many professionals are keen on buying housing units here. A 2 BHK housing unit is the most popular among all which are sized in the range of 900-1,100 sq ft. and is considered a good option among small families.
Talking about the suburban areas, areas like Kandivali, Malad, Ghatkopar, Juhu, Andheri etc. are offering luxury ready to move in housing units to home buyers that are considered as resale properties. A 700-750 sq. ft. apartment is offered at a starting price of Rs 1.2 crore in Andheri West while a 3BHK unit is available for Rs 2.06 crore in Andheri East.
On the other hand, if you are looking for affordable ready-to-move-in residences in Mumbai suburbs, then Vasai and Virar are the best choices. These areas enjoy smooth connectivity to other parts of Mumbai as well as has well-developed infrastructure too. The average price of apartments in Virar is Rs 4400 per sq.ft., while in Vasai it is Rs 5,365 per sq.ft.
Located on the northwestern side of the state of Maharashtra, Thane is an immediate neighbour of Mumbai city and a part of the Mumbai Metropolitan Region, one of the most populous urban regions in the world. Localities in Thane (west) offer many luxurious ready to move in housing units by renowned developers like Rustomjee, Cosmos, Puraniks etc. On the other hand area like Badlapur, Kalyan East, Dombivli etc. are offering residential units at budget-friendly rates starting from Rs 30 lakh.
For large families and single-working professionals, few villa and studio apartments projects are also nearing for possession in order to cater the increasing housing demand in Thane. However, the average property price in Thane ranges between Rs 3000 per sq.ft – Rs 10,000 sq.ft.