Borivali East is a prime locality in the north-western Konkan region of Mumbai. It’s a well developed area with excellent connectivity to other parts of the city and beyond. The high point of the locality is that development in the area hasn’t eaten into the natural space surrounding the locality, which boasts of the Sanjay Gandhi National Park and the umpteen well-maintained parks and gardens. This helps keep the environment serene and the weather pleasant.
Borivali East also has excellent social infrastructure, ranging from a number of great schools and colleges to reputed healthcare clinics and hospitals. One can also find a number of essential services like banks and ATMs, grocery stores, restaurants, and shopping malls located close by. Naturally, this locality is suitable for families looking to live in apartments or independent houses.
Key Projects in Borivali East :
|Oberoi Sky City|
Connectivity and Transit Points
The major railway station near Borivali East is Thane Railway Station, located 13 km away. But the most accessible rail transit points closer back home are Borivali Railway Station and Dahisar Railway Station, both used extensively by those travelling in local trains.
Mumbai’s airport and railway station are also not too far off from Borivali East. The Chhatrapati Shivaji Terminus, Mumbai’s central railway station, is 24 km away, while the Chhatrapati Shivaji International Airport is at a distance of 18 km from the locality.
Borivali East also has a number of bus stops, including Dhobi Ghat Bus Station, Abhinav Nagar Bus Station, and Joy Ashish (Borivali) Bus Station. Brihanmumbai Electricity Supply and Transport (BEST) mainly operates the public bus transport in the city. Navi Mumbai Municipal Transport (NMMT), Thane Municipal Transport (TMT), and Mumbai BRTS (Bus Rapid Transport System) also provide bus services for intra-city transport.
Taxis are a popular local mode of transport; but one can also hire auto-rickshaws for travelling shorter distances. If one has to move from one suburb to another, it’s hard to beat the local trains as a mode of transport.
Factors for Growth in the Past
Borivali East’s strategic location and excellent connectivity have primarily propelled the locality’s growth in the past. The area’s proximity to the Western Express Highway made it accessible to Mumbai’s central suburbs, including major business centres, and helped it become a famous business belt known for its textile and jewellery industry.
Borivali East also started on the right foot with its physical and social infrastructure development. Whether it’s entertainment, education, healthcare, or retail, the locality seems to have it all. Western Express Highway was a major physical infrastructure component, along with other well-established roadways and western railway connectivity. Reputed educational and healthcare institutions were eventually established by the dozens in the locality. The popular entertainment places include Prabodhankar Thackrey Auditorium, Ajanta Theatre, Jaya Multiplex, and Indraprastha Shopping Centre.
Residential & Commercial Markets
The dominant property type in Borivali East is apartments. They’re in great demand, with so many residential projects being launched regularly and others under development or in the pipeline. Independent houses in Borivali East are the next big property type.
Property rates in Borivali Easthave had their ebbs and tides since 2012. However, they have remained the same during the period spanning the Q3 (2013) and Q1 (2014) months, at Rs. 13,152 per sq. ft. The Q1 2014 property price trends suggest the average rent rate for 1 BHK apartments to be Rs. 30 per sq. ft, while for 2 BHK and 3 BHK apartments, it is Rs. 27 per sq. ft. The average rent rates for the three kinds of apartments are Rs 16,000, Rs 25,000, and Rs 35,000 respectively.
The commercial real estate market in Borivali East has been looking upwards since 2013. The average sale price for office space is Rs. 16,950 per sq. ft. and the average rent rate is Rs. 75 per sq. ft.
Traffic is a serious problem for Borivali East’s residents. Heavy traffic flows through the locality, primarily because one has to wait for quite some time at the many traffic signals that line up one after another. Roads are narrow too, leaving the residents very little space to park their vehicles. And during the rainy days, water-logging affects daily commuters, including pedestrians.
Illegal encroachments in the locality have also been a major challenge. As this issue has lasted for a few years, the authorities need to immediately step in and take action. Incomplete road works is another aspect that troubles the residents of Borivali East.
Factors for Growth in the Future
Borivali East’s growth path in the future will be driven by the expansion of commercial and entertainment pockets in the locality. This is set to attract scores of people from other localities in Mumbai and beyond, enabling significant economic progress and real estate development.