Buy A Property At Asangaon for Rs. 10-15 Lakhs
If budget is a constraint to buy a dream home in Mumbai, there are a few options available around Mumbai where one can buy a good property for a low budget. Asangaon is one of those options where one can buy a 1-BHK property for a budget as low as Rs. 10-15 lakhs.
Asangaon Geography
Asangaon is a part of Thane district located on the Mumbai-Nashik Expressway at a distance of 70 km from Mumbai. The locality is connected to Mumbai through the central line of the Mumbai suburban railway.
Access and Connectivity
Asangaon is connected to Mumbai and Nashik via the Mumbai-Nashik expressway, which is a part of NH-3. As such, one can reach Asangaon via this highway. Asangaon also has a railway station that can be reached from the Mumbai Chhatrapati Shivaji terminus through the Mumbai-Kasara-Igatpuri-Nashik train on the central line of the Mumbai suburban railway.
Amenities
Asangaon was earlier a sleepy village. However, it is now developing owing to the 400-odd industries that have come up in the Asangaon Industrial Area. There are also the Oswal Industrial Estate and Jindal Steel Plant nearby. This has attracted a lot of people who come here in search of employment opportunities. This has resulted in the development of several civic amenities. There are already a few colleges, banks, retail outlets and eateries which are present here. This has also increased development of residential real estate.
Real Estate
Domestic real estate development is on a rise in Asangaon. The locality has a promising potential as an investment destination. There are multiple on-going projects from builders such as Laxmi Builders and Developers, Komax Infra Constructions, Om Sai Developers, Shree Krupa Developers and Rathi Developers and Infrastructure. Tata Housing is developing an integrated township called ‘Shubh Griha’ about 5-6 km from Asangaon. The township encompasses schools, healthcare centres, community club, convenience stores, playground, gymnasium and a jogging track.
While there are a few developments happening, it is expected to take at least two more years for the locality to become completely liveable.
Property Trends
One can purchase a 1-BHK property of an area 500-600 sq.ft in Asangaon for Rs. 10-15 lakhs. By the time the locality becomes completely liveable, the price per sq.ft is expected to appreciate by Rs. 300-500.
Asangaon is attracting investors as well as end users equally. The area is attracting people more from areas such as Kalyan, Dombivli and Thane due to their proximity. Nonetheless, it is also attracting people from other parts of Mumbai who come here for job opportunities.
