Vartak Nagar Emerges As a Good Realty Destination in Thane
Vartak Nagar is a rapidly upcoming locality in Thane West. The locality is mostly occupied by middle and upper-middle income group. The area is growing fast due to its good connectivity, growing infrastructure and affordable housing that caters to the residents here.
Location and connectivity
Vartak Nagar lies in the western part of Thane near Mumbai, near the junction of Eastern Express Highway (EEH) and Ghodbunder Road. These highways provide very good accessibility for the area from other parts of Mumbai and Thane. EEH connects Vartak Nagar to the eastern suburbs of Mumbai and important commercial centres such as Powai. Ghodbunder Road connects the locality to other localities in Thane. Other important roads near the locality include the Pokhran Road, Majiwada Flyover and Nitin Cadbury Flyover.
Though the locality does not have a local train, the Thane train station is just about 4 km from the area. Another important highway, LBS Road, is just about 3 km away from the locality. There are several bus stations in the locality. Hence, the locality is accessible both by local trains and buses.
Good Civic and Social Infrastructure
The locality has a very good civic as well as social infrastructure. It has a police station, wide roads, good drainage system and efficient street lighting. The environment too is clean in the locality. The area is close to areas such as Majiwada and Patlipada which are also developing areas. The locality has some good educational institutions and hospitals within a radius of 5 kms. Some of the schools and colleges include JMPH Convent School, Bal Vikas Vidya Mandir and Shrimati Savitridevi Thirani College. Hospitals include Uttam Hospital and Life Care Hospital. Other amenities in the locality include a sports club, a park and malls. The Sanjay Gandhi National Park and Vivekanand Ashram too are nearby.
Real estate trends
Vartak Nagar has several upcoming residential projects catering to the middle and upper middle class segment. Developers such as Akanksha Group, SD Balerao Constructions, Vijay Group and Saaga Infra Projects have upcoming projects here. There are also several ongoing projects in the locality, the most common ones being 1 and 2 BHK apartments. The covered area of a 1 BHK apartment ranges between 550-650 sq.ft. while a 2 BHK apartment ranges between 750-1,100 sq.ft.
One can buy a 1 BHK apartment for a price of Rs. 50-80 lakhs and a 2 BHK apartment for Rs. 75 lakhs to 1.3 crore. Vartak Nagar has seen a good price appreciation in the last couple of years due to its good infrastructure and proximity to other areas. The current property price in the locality is around Rs. 9,800 per sq.ft.
With good future prospects and further price appreciation expected, one can look at Vartak Nagar as a good destination, both from the perspective of long-term investment as well as an end-user.
