Borivali West: A fast developing residential hub in suburban Mumbai
One of the fastest developing localities, Borivali West, is set to change the landscape of suburban Mumbai. Buzzling with activity and with easy access to all major local landmarks, it is set to become one of the major residential areas in Mumbai. Affordability is another major attraction, with many residential builders embarking on projects that are very attractive with all basic amenities.
Connectivity:
Smooth accessibility to all major landmarks in the city is an attractive feature that Borivali west can boast of. The Chhatrapati Shivaji International airport is 20 kms away along the Western Express highway while Borivali railway station is just 1 km away. The nearest metro station is on Jai Prakash road in Andheri West, which is 17kms away along the Western Express highway. A monorail line and a metro station are proposed to come up in the near future. The nearest BRTS point is at Borivali station east, which is just 2 kms away. The nearest bus stand is Dr. Babasaheb Ambedkar road, Sector 8 in Shanti Nagar.
Public Transport:
Excellent public transport facilities has rendered this locality well connected and accessible. BEST bus, NMMT and TMT operate bus services. The Mumbai Suburban Railway has trains running to different locations of the city from Borivali railway station. Work is almost complete on the 11-km Versova-Andheri-Ghatkopar corridor, which comes under Phase-1 of the Mumbai metro service. Besides, taxis and autos are easily available.
Social Infrastructure:
The most important aspect that drives many to to live here is the easy access to social amenities. Ajmera Global school, Rustomjee International school, Swami Vivekanand International school etc are prestigious schools here. Besides, reputed colleges like St. Francis Institute of Management & Research, Anandibai Damodar Kale college, Aditya Institute of Management Studies & Research etc are located here. Gardens like MCF garden, Ganjawala garden, Jeevan Bima Nagar garden etc., and parks like Sanjay Gandhi National Park, Mother Teresa park etc., add to the green cover. Theatres like Jaya Talkies, Diamond Theatre, Sona Talkies etc are located here. Malls, shopping centers and food joints dot the commercial space. Hospitals like Apex hospital, Om Sai Speciality hospital, Mangal Murthi hospital etc.provide effective healthcare.
Real Estate and price trends:
Apartments, villas, row houses, individual houses and bungalows are the typical residential buildings available for sale/rent from 1 BHK to 5 BHK. Rajesh Builders has projects like Raj Anmol and Raj Shree and Parinee Realty has Almog.
Current sale price of apartments is between Rs.11,950 and Rs.17,450 per sqft with a depreciation of 4% quarter-on-quarter. The going sale price for 1 BHK apartments upto 650 sqft ranges from 30 lakhs to 1.5 crores. For 2 BHK apartments between 650 sqft and 1200 sqft, the sale price is between 1 crore and 1.5 crores. 3 BHK apartments between 1000 sqft and 2000 sqft are priced in the range of 1.5 and 3 crores.
The rental price range is between Rs.24 and Rs.25 per sqft with an appreciation of 4% quarter-on-quarter. Rentals for 1 BHK apartments between 300 and 700 sqft is between Rs.10,000 and Rs.15,000 while for 2 BHK apartments between 700 and 1200 sqft price is between Rs.15,000 and Rs.30,000. Maintenence charges would be above Rs.500 depending on the apartment’s features and amenities.
