Hey Ritu, I am planning to buy my first house in Nalasopara. Is it good decision? The locality is not so famous as Mira Road and Panvel but still popular due to lower property prices. I think that the extended up Mumbai Metro up to Virar will certainly boost this locality?
Right Shreya, The Nalasopara has slowly started gaining fame in the last 3-4 years as a destination of affordable apartments, primarily due to its lower property prices, good connectivity to Mumbai via the WEH and rail. The area’s civic and social infrastructure too is growing at a good pace.
Hi Aneek, If i have to buy a house in those 3 areas what will be my budget? How is the real estate growth in MIra Road? Which are the prime factor that fueled the most?
Good Morning Mithdeb, Mira Road, which is situated just beyond Dahisar, has gained popularity as a fast growing area for buying an affordable house in the last few years. The growth of residential real estate is fuelled by the proximity and great connectivity to the important business hubs as well as prime localities via the Western Express Highway (WEH) and suburban railway too have greatly contributed to the area's growth. With a fast growing infrastructure in terms of civic amenities, transport and social amenities, the area can now be considered a fully developed area rivalling a few other western suburbs such as Panvel and Nalasopara.
Certainly not, affordability is one of the main drivers of Panvel's growth. It is strategically located on the Mumbai-Pune Expressway and Bangalore-Mumbai National Highway, giving it excellent connectivity to Mumbai as well as other major cities. It is close to several industrial areas. The area’s infrastructure is growing at a fast pace, with plans of a Navi Mumbai metro rail and the Mumbai Trans-Harbour Link (MTHL) close to the area to improve its accessibility. The area is set to be developed as an educational and IT hub. All these factors make Panvel most demanding area.
Hi Amreesh, As per latest research by CommonFloor, Mira Road, Panvel and Nalasopara are the following areas emerged as the top 3 residential real estate markets offering affordable housing in the Mumbai Metropolitan Region (MMR) during the first half of 2015.