Mumbai – the financial as well as entertainment capital of India has always been one of the most desirable residential locations in India. Hence, the cost for residing in Mumbai always demands a premium.
Many posh localities like Bandra, Andheri, Juhu, South Mumbai, Goregaon, Navi Mumbai offers residences at a very high price. Due to which many can’t afford to buy property in such areas. But with Government initiative in the sector of affordable housing, many new areas have emerged in Mumbai and around due to which no anyone can buy their dream own an own their own property in the entertainment city.
Due to fast development and great amenities, one can check out these top localities to buy their own property in Mumbai:
This area falls in Thane district of Maharashtra which is a part of Mumbai Metropolitan Region. It is well connected to Mumbai and Navi Mumbai through Thane. Dombivli is the one of the best busiest railway station on the central line in Mumbai suburban railway network. This area is endowed with many commercial, industrial markets, broad roads and residential buildings. The property prices here range from 4000- 4400 sq ft hence making it a perfect place for real estate investment. Dombivili adorns popular “Shree Ganesh Temple” which has its own relevance. 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.
Both the areas of Virar i.e east and west are adorned with many affordable residential apartments and flats. While the average rate of property in Virar east is Rs 3900/ sq ft, the rate of property in Virar west is 4588/ sq ft. Both the areas are equipped with great amenities and social infrastructure.
Due to the construction of the Virar-West Skywalk, the area has emerged as a great suburb in recent times. On the other hand, an ambitious project by MMRDA, Virar-Alibaug Corridor Project is a major growth potential for the Virar east locality. Both the areas are well connected to the Mumbai through rail networks.
This area has also emerged as one of the popular section in the affordable housing sector in recent times. It is a good location to invest in for those who are employed in the business districts of Thane or Navi Mumbai. One can easily buy a one BHK and 2 BHK apartments in this area at a price range which varies from 22 lakh to 33 lakh.
Mumbra is a town and suburb in Thane district and falls in the Greater Mumbai area. Symbiosis Convent School is a major school in Mumbra. The major mall in Mumbra area is Mall Street. One can buy property at an affordable rate of 3327/ sq ft.
Formerly known as Sopara, the area falls within the Mumbai Metropolitan Region. The town lies in the Palghar district of Maharashtra. Just like other Mumbai localities, the area is divided into two parts east and west. While Nalasopara West has grown into an ideal residential area recently, one can buy affordable residences with average property rates of Rs 4300/ sq ft.
On the other hand, affordable flats in Nalasopara East are easily available with the average property of Rs 4700/ sq ft.