Virar West

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Average Buy Price 4,850 /sq ft Properties for Sale
Average Rent for 2 BHK 6,520 /month Properties for Rent

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About Virar West

 

Virar is an area in Maharashtra that has seen massive development in recent times. Although it isn’t fully equipped in terms of infrastructure, in comparison to Mumbai and its suburbs, Virar has come a long way from its rural origins. Today, it’s touted to be one of Maharashtra’s upcoming regions. The offices of top real estate players such as Rustomjee and HDIL are located here, causing a spurt in real estate development in the area.

 

Virar West is separated from Virar East with the help of a shared railway line. It has developed well in recent times, and has most urban amenities necessary for an urban population. From 3-Star hotels to multispecialty clinics and hospitals, Virar West has excellent infrastructure. Supermarkets, international schools and shopping complexes make life easy for the locality’s residents.

 

Virar West stretches all the way up to the coast, ending at the Arnala beach and Rajodi beach. Both beaches are popular tourist destinations. Arnala Fort, situated on a tiny island off the coast, is considered a heritage site, controlled earlier by the Portuguese in the colonial era.

 

Key Projects in Virar West : 

Poonam Avenue

 

Connectivity and Transit Points

 

The National Highway 8 (NH-8) happens to pass by the area, towards the eastern side of Virar, at a distance of just 6-10 km away. This highway is a major intra-state road that is also accessible to Delhi. NH-3 and NH-222 are other highways accessible from Virar West, but situated much farther.

 

The Virar Railway Station, located exactly between Virar East and Virar West, connects Mumbai to other northern stations such as Palghar, Saphale and distant Gujarati cities such as Surat and Vapi. Those living in Virar West can use the Vartak Road to reach the railway station.

 

Taxicab services are a popular mode of transport in Virar West. The auto-rickshaw is the most preferred mode of transport available at every major street corner. Public buses, operated by Vasai-Virar City Municipal Corporation, regularly ply within the locality. The airport, however, lies quite far away, towards the south of Virar West in Mumbai. Located close to 60 km away, one can use the NH-8 to travel quickly to the Chhatrapati Shivaji International Airport.

 

Major Landmarks

 

●       Muljibhai Mehta International School

●       Agashi Church

●       Yazoo Park

●       HDIL Residency

●       Munisuvrat Swami Jain Temple

●       Satpala Lake

 

Factors for Growth in the Past

 

Virar has become something of a cosmopolitan suburb in recent times. One of the major factors behind this is the construction of the Virar-West Skywalk. It happens to be one of the well-built skywalks in the country, covering a distance of over 500 meters through the major high traffic parts of town. This element of infrastructure has propelled growth in the locality.

 

Virar has also gained the reputation of being a haven for paragliders. It is the closest place to Mumbai for paragliding. Naturally, this has helped Virar come under the spotlight. Yet another public attraction, Yazoo Park is a popular amusement park situated close to the railway station in Virar West. This establishment, along with the famous Arnala Beach, has made Virar West more tourist friendly.

 

Naturally, reputed real estate developers have thronged in pursuit of launching residential projects in Virar West. This has aided steady real estate growth in the area.

 

Residential & Commercial Market

 

Residential Market Trends

 

Q1 2013 saw property prices hovering at around Rs 4,300-Rs 4,600 per sq. ft. By the second and third quarters, prices had slightly risen to around Rs 5,000 per sq. ft. In the first quarter of 2014, property prices had stabilised at around Rs 4,500 per sq. ft.

 

Commercial Market Trends

 

Believing in the potential that Virar West holds, a number of commercial property developers have been construction in the area. Starting at around Rs 6,000-Rs 7,000 per sq. ft., the property prices for commercial establishments can rise to as high as Rs 11,000 per sq. ft.

 

Major Challenges

 

Water scarcity during the peak summer season has been troubling the residents of the Vasai-Virar region in recent times. Power outages in the nights have annoyed residents to the extent that they have lodged countless complaints. The presence of illegal buildings is another noteworthy challenge for the civic authorities, who have planned to undertake demolition drives against a number of illegally constructed buildings along the Vasai-Virar belt.

 

Factors for Growth in the Future

 

The Virar-Alibaug Multimodal Corridor is a prestigious undertaking of the Mumbai Metropolitan Region Development Authority. The budget of this project is a staggering Rs. 10,000 crore. Once complete, this project is set to change the face of transportation in Virar, by providing flawless connectivity by Metro and roads from Virar to Alibaug. This proposed project is also supposed to connect 4 major National Highways, namely NH-8, NH-17, NH-4, and NH-3.

 

The Churchgate-Virar Elevated Rail Corridor is another major project that will improve connectivity in a different direction. With a budget of around Rs. 25,000 crore, this project will be implemented as per the public-private partnership (PPP) model

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