Own a property for 10 lakhs in Mumbai

Q: Looks like one can own a property for 10 lakhs in suburbs of Mumbai.

Shantanu Kumar, Mumbai

3rd March 2014

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Replies (3)

Hello Ashish,
Looking at Panvel, the area boasts of both, rail and road connectivity. All facilities including schools, hospitals and banking, are available here. Also, the upcoming infrastructure such as Panvel Airport, metro and monorail, are expected to give this locality a huge boost in coming years.

Abhijit Thanki, Mumbai

3rd March 2014

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Hi,
In fact in Kalyan the demand is mostly seen by end-users. Kalyan is away from the hustle-bustle of Mumbai, thus, it is preferred most by buyers sitting at mid- level designations like executives and managers. The affordability attracts people who are working in commercial establishments, not only in Thane and Mulund but also in Powai.

Praveen Modi, Mumbai

3rd March 2014

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Hi Praveen,
Another point to be noted is that although Kalyan and Panvel, boast of good connectivity and social infrastructure, Kalyan scores over Panvel in connectivity. Kalyan is a well established locality, while Panvel still needs infrastructure development. Kalyan is not only connected locally but also to major cities such as Pune, Delhi and Bangalore. Where roads such as Ahmednagar highway and Kalyan-Nashik highway (Eastern Expressway) provide accessibility to Mumbai and Nashik, neighbourhood railway stations such as Ulhasnagar located within a distance of 4 kms, provide rail connectivity to Mumbai.

Ashish Bhoite, Mumbai

3rd March 2014

Hey Shantanu,
Imagine a city like Mumbai offers you an affordable property that suits your budget? It seems unimaginable, right? But the fact is that localities like Kalyan in Thane and Panvel in Navi Mumbai, are offering properties in the range of Rs 10-40 lakhs.

Deepankar Godbole, Mumbai

3rd March 2014

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Hello Deepankar,
Locality like Kalyan offers 1-BHK options with an average size of 350-600 sq ft, while the outskirts of Panvel such as Khopoli, Karjat and Khalapur, offer studio apartments, 1 and 2-BHK options, within the said range. In Panvel, the average unit size available is 350-900 sq ft.

Vineet Tendulkar, Mumbai

3rd March 2014