Mumbai is a growing city bustling with the people coming from all over India and all over the world. Many of them find work and fall in the city so much that they decide to settle here. The city has developed over the years into suburbs and beyond. Because of this constant need for the real estate, the dream of buying your own house is getting costlier and costlier. While the real estate rates in the city seem out of reach for the commoners there are yet other options available in the outline places, with all facilities and development of the infrastructure. Homes in these areas come at affordable rates, with all modern infrastructure and connectivity through highly convenient transport facilities. Following are our top picks for such areas where you can buy your budget home.
Mira Road-Bhayander is the best option for the Middle-class property buyers who are looking for relatively affordable accommodation. Mira Road is less populated with scope of the spacious flats and ample peace in the neighborhood. The apartments here are cost affordable as well as the connectivity to the main city is easier from these flats. It saves the time of commute providing the residents to spend more time at home. Mira Road formerly was a gram panchayat. It has transformed into a suburb connected to the city through the Western Express Highway and to Thane via Ghodbunder Road. The flats in this area with all the necessary amenities, range between Rs 6,000 to Rs 8,000 per sq ft.
There has been an increasing demand for the apartments in the Kharghar area. Now it has become a highly sought-after place for investment in the real estate. Kharghar is under development since 1995. It is transformed into a tempting area for settling down. Residents here love the abundant green spaces and natural scenic beauty of this place. The basic infrastructure like transport, schools, playgrounds, etc. here, are world class. There are big societies and Residential areas like Vastu Vihar, Jalvayu Vihar, and Kendriya Vihar, ideally suitable for the families to settle.
Though the real estate market in Mumbai is on the verge of sluggishness, the demands for housing in Vasai-Virar is surprisingly encouraging. Since mid-2010s Vasai Virar has shown enormous growth and development in the area of real estate. You can easily buy property here ranging from Rs 3,500 to Rs 5,500 per square ft. This is amazing, given the fact that this area has solid connectivity with the city and harbors posh locality.
Badlapur is in the vicinity of Thane and is a favorite area for new age property buyers. Badlapur is a convenient place to own an apartment close to the upcoming Panvel-Badlapur highway project. Bustling with the excellent facilities such as schools, hospitals, and parks, The apartment prices here are within the affordable range of Rs 2,200 to Rs 3,300 per square ft with new 1 BHK apartments starting at Rs 18 lakhs. Badlapur is near beautiful tourist spots such as Kondeshwar and Chikhloli dam.
For affordable and luxurious housing Navi Mumbai is a getting in demand day by day. While there is a constant rise in housing prices in Chembur, Vashi, and Panvel, recently developed cities Ulwe is a shining star on the horizon of the real market industry. City and Industrial Development Corporation (CIDCO) carved Ulwe from marshy lands and mangroves. The city offers a wealth of budget housing options today. Ulwe has Navi Mumbai International Airport in the vicinity. It has connectivity to Mumbai Trans-Harbor Link and the Seawood-Uran rail network. The real estate prices in Ulwe are rising now, buy the property here at the rates starting at as low as Rs 1,100 per sq. foot.