Mumbai’s Western Suburbs an Attractive Realty Hotspot
The changing landscape of the Mumbai Metropolitan Region has ensured the rise of prime residential hotspots and one such area that has emerged as a great investment avenue is the north corridor of Mumbai’s western suburbs, says Bhasker Jain, Head Sales, Marketing & CRM, The Wadhwa Group. What are factors making Mumbai’s Western Suburbs attractive? The area has witnessed rapid development in the last two decades both in terms of residential growth and population. This is fairly evident with several large residential pockets coming up in recent years. The north corridor of the western suburbs has drastically evolved with the help of infrastructure reforms and demand driven by the homebuyers. The upcoming Metro lines and the easy access to the Western Express Highway will be going to be a game-changer for this location in terms of driving demand. Also, its proximity to commercial centres and the upsurge in new projects with modern lifestyles & amenities continues to generate interest amongst the prospective residential buyers. A spurt in demand of residential projects from Malad to Dahisar has garnered increased enquiries from homebuyers due to excellent social infrastructure and improved connectivity. What are some of the USPs of the region? Over the years, the belt has witnessed rapid development of social and physical infrastructure consequently the demand for residential properties in the area has also thrived. Apart from being close to nature, it has access to some of the finest social infrastructural facilities such as reputed schools, colleges, health facilities, shopping malls and ample entertainment options. Although affordability highlights the residential market of this region, the demand for premium housing has also seen an upsurge in recent years. Also, it is noticed that many corporates have moved towards the suburbs to places like Bandra, Andheri, Goregaon, Malad, etc. Therefore the extended western suburb stretch is quickly becoming a sought-after place for employees to shift base too. High-rise apartments and integrated townships are growing in large numbers. Thus, house buyers of Mumbai in search of spacious house have found an alternative destination in this pocket of MMR. What are the locational advantages? The western corridor from Kandivali to Mira Road also has numerous location advantages such as it is linked to Mumbai via the Western Express Highway and the suburban rail network; to Thane, Bhiwandi and Kalyan via Ghodbunder Road and to areas in Gujarat via the Mumbai-Ahmedabad Highway. The domestic and international airport is also 30 minutes’ drive from this region. Due to its superior connectivity and so much to offer, the real estate market in this region is poised to grow by leaps and bounds in the near future. More builders are now catering to the rising demand in the region and spurting the growth and increasing the buying options for buyers.
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