Most Affordable Areas in Mumbai in 2014
Mumbai continued to witness a high demand for affordable housing units in the year 2014. While the real estate market didn’t see a huge change in property prices this year, finding affordable houses was still a difficult task for several home buyers. Yet, there were certain locations in the Mumbai Metropolitan Region (MMR) that offered affordable houses this year.
One may classify affordable houses as properties available in the price range of up to Rs 40 lakh in MMR.
Areas offering affordable housing
Most of the areas that offered affordable housing in MMR are peripheral areas. The following table gives the various areas that offered affordable houses according different regions of MMR.
|
Region |
Area/Suburb |
Configuration (BHK) |
| Mumbai | Dahisar | 1 and 2 |
| Mira Road | 1 and 2 | |
| Thane | Mumbra | 1 and 2 |
| Thane West | 1 and 2 | |
| Diva | 1 and 2 | |
| Navi Mumbai | Kamothe | 1, 2 and 3 |
| Panvel | 1 and 2 | |
| Taloja | 1 and 2 | |
| Beyond Thane | Kalyan East | 1 and 2 |
| Dombivli East | 1, 2 and 3 |
There are quite a few areas in MMR that offered affordable apartments during this year. The table above shows only a few of the areas that offered the most number of affordable houses. For example, some of the areas in Navi Mumbai that offered properties in the price range of up to Rs. 40 lakh include Nerul, Panvel, Kharghar, Kamothe, Taloje, Ulwe and Roadpali.
In Mumbai, some of the areas that offered affordable housing include Kandivali, Borivali, Dahisar and Mira Bhayander. Some areas in Thane and Thane West that offered affordable housing this year were Ghodbunder Road, Majiwada, Manpada, Diva and Mumbra. Beyond Thane, some of the fast growing areas that still offer affordable housing include Kalyan, Dombivli, Ulhasnagar and Ambernath.
Some of the areas that are slowly making their mark on the Mumbai real estate market include Vasai, Virar and Raigad. Vasai is undergoing commercial and industrial growth. It has seen consistent rise in property values in the last year, yet properties here are in the affordable range. One may find a good number of 1, 2 and 3BHK apartments here.
