Want good returns on property investments in Mumbai? Look towards Nalasopara

Q: Hi, my query is how are the returns on investment in Nalasopara?

Rajatrawal, Mumbai

19th March 2015

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Replies (13)

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deepa, Mumbai

1st June 2015

Comment

Hello Deepa,
Can you suggest me some good projects in Nalasopara? Is it a good locality for end users? I need your advice on it.

pradyumanapte, Mumbai

24th June 2015

Hey Jerome,
I have a question in mind and would like to ask you that in 2011 and 2012 Nala Sopara observed the maximum number of units launched after which, there has been a constant drop in the number of units launched. The first quarter of 2015 too has not yet seen any major launches. Why?

Roshni Pawal, Mumbai

6th May 2015

Comment

Hello Roshni,
I like your question. This is because, the area's real estate started seeing launches since 2005 and achieved its peak in 2012. The years after 2012 may be viewed as the period where more focus was on sales than launches. Another reason was the recession in the country’s economy which brought to a dull period in Mumbai's real estate market, which in turn impacted the number of units launched all around Mumbai.

Jerome Fernandez, Mumbai

7th May 2015

Hi all,
MY question for you all that what is the current FSI in Nala Sopara and is there any chance for amendment in it?

Ketalpujara, Mumbai

6th May 2015

Comment

Gid Morning Ketal,
Good question, Nala Sopara currently offers a floor space index of 1 for apartments. The Mayor of VVMC had suggested to make amendments in VVMC's Development Control Regulations in 2012. According to this amendment, the FSI would be increased up to 2.5, which would involve the basic FSI of 1 and 0.75 from Transfer of Development Rights (TDR). On the other hand, there has been no changes in the FSI and the current FSI is 1.

Jerome Fernandez, Mumbai

6th May 2015

Thanks Jerome,
Is it a right decision to buy property in Nala Sopara West? Which are major residential locations of Nala Sopara?

Ketalpujara, Mumbai

6th May 2015

Hmm.
It is always a clever decision for buying property in Nala Soapra. Some of the major residential locations in Nala Sopara West include Sri Prastha Complex, Patankar Park and Chanakya Nagar. Some of the residential locations in the eastern zone are Taki Road, Raghukul Nagar, Vijay Nagar, Radha Nagar, Tulinj Road and Achole Road.

Jerome Fernandez, Mumbai

6th May 2015

Hi Rajat,
According to an statement made by the state minister of housing on 12th Feb.2015, the Maharashtra Housing and Development Authority (MHADA) will be releasing over 4400 affordable houses during its annual lottery during May-June 2015. About 3600 units will be available in Virar. This will give more relief for people looking for affordable housing around Nala Sopara. Now, the time has came so any updates on it.

Lalit Verma, Mumbai

4th May 2015

Comment

Hi Lalit,
I don't have any industrial updates of Nalasopara but have some valuable updates on infrastructure. As MMRDA is planning to invest up to Rs 1 trillion to expand the Mumbai metro services and roads to remote suburbs in the next 7-8 yrs. The remote suburbs include Virar in the north. This will improve Nala Sopara's connectivity with several prime areas of Mumbai.

Rajatrawal, Mumbai

4th May 2015

Thanks Rajat,
Is Nalasopara an area for affordable housing? Should buyer take any precaution before buying property here as you have mentioned above that few illegal development have been made?

Lalit Verma, Mumbai

5th May 2015

Well Lalit,
Nala Sopara is an area that has come up as a destination for affordable housing. Compared to the eastern part, the western part of the area is more planned and developed. As a result, one may find more housing projects in Nala Sopara West compared to its eastern counterpart. Couple of internal locations of Nala Sopara east that connect to Virar have several illegal buildings. Therefore, one needs to be careful while buying houses here.

Rajatrawal, Mumbai

5th May 2015

Hi evrybody,
Which are the major landmarks of this locality? Is there any civic issues in the locality? I want that investment should be secured so i am a little bit curios to know the locality issues and all that. If you have any information plz. share with me.

Sanchita Chanda, Ahmedabad

4th May 2015

Comment

Hello Sanchita,
Buddha stupa, Fun Fiesta theatre, Kalamb beach, Rajori beach, Sahakari Bhandar, Dmart are some major landmarks of this locality.

Nala Sopara faces some civic issues like any other locality. Some of them are: 1) There have been a few incidents of crimes in the locality. 2) The area has witnessed a significant increase of lower and middle class population to the area in recent times, which has brought to population abundance. 4) The area still faces issues such as availability of water and electricity. 5) There are also limited entertainment options.

Rajatrawal, Mumbai

4th May 2015

Thanks Rajawat,
Is there any regulatory updates on Nalasopara? Or the Maharashtra Government taken any action for the development of the locality?

Sanchita Chanda, Ahmedabad

4th May 2015

Well Sanchita,
AS i know, earlier, the Maharashtra revenue and forest department instructed the deputy conservator of forests and deputy collectors in December 2014 to regularize houses on plots that were earlier named private forest land. This is in consent with a Supreme Court order. This will be executed in several areas of MMR including Virar. This will change several illegal building around the Virar and Nalasopara areas into legal constructions.

Rajatrawal, Mumbai

4th May 2015

Hi Mansoor,
There are some upcoming infrastructure which i heard by some reliable sources. These are 1) extension
of Mumbai metro up to Virar, passing through Nala Sopara, 2) Nala Sopara-Virar Link Road is currently under construction.

Jerome Fernandez, Mumbai

24th April 2015

Comment

Hi everybody,
I have few updates on Nalasopara's current infrastructure:- 1) WEH passes close to Nala Sopara. Delhi Mumbai Industrial Corridor is part of NH-8, 2) Western line of Mumbai suburban railway, 3) Dahanu
-Mumbai local trains and 4) Link Road up to Vasai has been made ready.

Is there anubody who can give some updates on Nalasopara's planned or upcoming infrastructure?

Mansoor Bithal, Mumbai

23rd April 2015

Comment

Well Arushi,
In addition to road, the western line of the Mumbai suburban railway also goes through Nala Sopara. The area has frequent trains from Churchgate, Dadar, Bandra, Andheri and Borivali. The Dahanu-Mumbai local trains too connects the area to locations beyond Mumbai. Further more, one may also take an auto rickshaw for local transport which is permitted in markets located North of Bandra.

Abhishek,

22nd April 2015

Comment

Hi everybody,
Nala Soparais one of the suburbs in Mumbai which is slowly making an entry on to the Mumbai real estate map as an affordable housing destination. The area is making an entry into the Mumbai real estate scenario due to its good connectivity, growing infrastructure and its affordable prices. But at the same time, it has a number of options for further growth and a few possible risks that could reduce the real estate sector.

Arushisha, Mumbai

22nd April 2015

Comment

Yes, i have some information about this locality like this area offers several 1 and 2BHK units at very affordable prices, appealing to lower and middle income group. It may be also found that while Nala Sopara has to see more development, with the right opportunities and targeted development, it has a great possibility to become the next hot spot for affordable housing.

Rajatrawal, Mumbai

22nd April 2015

Right Rajat,
Nala Sopara has good connectivity to Mumbai via road and rail. Western Express Highway and part of NH-8. It is the most important road that connects Nala Sopara with the rest of Mumbai.Ghodbunder Road connects to NH-8, providing connectivity to Vasai-Virar and Thane as well as Navi Mumbai. There are regular BEST and VVMT buses easily available for public transport.

Arushisha, Mumbai

22nd April 2015

Hi everybody,
My relatives are living in the Nalasopara and i heard from them that there have been a few incidents of crimes in the locality due to the presence of migrated lower and middle class population. But this is a common problem now a days. And everybody has to face those issues.

Anirudh Patel, Mumbai

1st April 2015

Comment

You are right Anirudha,
The area has become overcrowded with recently migrated lower and middle class population. The area still faces issues such as availability of water and electricity. There are also limited entertainment options.

Diwakar Shetty,

2nd April 2015

The eastern part of the Nalasopara has a huge potential due to its location on NH-8. It has a good social infrastructure including schools, colleges and a few major hospitals. Some other amenities include movie theatres, a cricket ground, restaurants, parks and lakes.

Diwakar Shetty,

19th March 2015

Comment

As far as connectivity is concerned, Nalasopara has a good connectivity to the mainland of Mumbai via road and rail. The area lies on National Highway 8 (NH-8). This highway not only connects the city to Mumbai, but also several fast growing areas along the highway up to Delhi. One may also take the Western Express Highway (WEH) or Ghodbunder Road from Mumbai and Thane to reach the area.

Diwakar Shetty,

19th March 2015

Comment

Not only this but also the Nalasopara-Virar Link Road is under construction and the link road to Vasai has also been proposed. MMRDA also has plans to further develop the Vasai-Virar region's infrastructure. All these will significantly boost the area's connectivity and accessibility.

The western line of the Mumbai suburban railway connects the locality to Mumbai by rail. There are regular local trains from Mumbai to Nalasopara.

Kunal,

19th March 2015

Hi,
Property prices in Nalasupara, Mumbai have seen a healthy growth in the past couple of years. The average property value in this area was about Rs 4500/sq-ft during the last quarter of 2014, while it was about Rs 4000/sq-ft. during the last quarter of 2013. This means that the area has witnessed an appreciation of about 12.5% within a year.

Ravindra Singh,

19th March 2015

Comment

Right Ravindra,
Nalasopara is a suburb situated close to the Vasai-Virar region of the Mumbai Metropolitan Region. The area is governed by the Vasai-Virar Municipal Corporation. While the area lies a bit distant from the prime areas of suburban Mumbai. Thanks to the improving infrastructure which continuously witnessing good growth in terms of property market.

Diwakar Shetty,

19th March 2015

Yes Diwakar,
With a growth in property prices, the area may prove a good investment destination with good returns. And this is because of good connectivity and accessibility, social infrastructure, lower property values compared to suburban Mumbai etc.

Kunal,

19th March 2015