Ambarnath-Badlapur: The Affordable Housing Hub

NAREDCO Maharashtra officials share their views on the launch of Ambarnath-Badlapur unit in Maharashtra which is becoming an affordable housing destination in the state, The reasons for launching the new Naredco unit of Ambarnath-Badlapur

BY Realty Plus
Published - Tuesday, 06 Jul, 2021

Ambarnath-Badlapur: The Affordable Housing Hub

NAREDCO Maharashtra officials share their views on the launch of Ambarnath-Badlapur unit in Maharashtra which is becoming an affordable housing destination in the state, The reasons for launching the new Naredco unit of Ambarnath-Badlapur Ashok Mohanani - President, NAREDCO Maharashtra, “This will open up new affordable housing inventory for the prospective homebuyers who are looking to buy their dream home. Due to its proximity to the upcoming Panvel-Badlapur highway, Metro connectivity via Thane, the area is expected to absorb the future growth in population, business and commercial activity in the region. The region is being speedily developed with modern infrastructure including basic civic amenities like schools, banks, hospitals, Municipal Council, post office, water supply and the markets nearby which has enhanced the real estate development there. This has led to the creation of an affordable housing stock of over 10000 homes from their 100+ members associated with this unit. This is expected to unlock the affordable housing properties and offer a great opportunity to the discerning homebuyers to buy RERA registered properties at affordable prices in Ambarnath and Badlapur region. Apart from this, the prime objectives of this new unit will be to propel the infrastructure development in the region, to enhance the water supply and its availability to the residential segment along with the policy-level resolution on river red line/blue line issues.” Factors behind the emergence of Ambarnath-Badlapur as favourable residential market Ajay Thanekar, President, NAREDCO Ambarnath-Badlapur unit, “The Ambarnath-Badlapur region offers reasonably priced properties to buyers as compared to other locations in Mumbai and Navi Mumbai. The location has several affordable properties on offer for buyers in the lower-income segment and is witnessing huge interest from end users and investors alike. Also, owning a residential apartment with natural beauty and serenity, far away from pollution is a dream home for every aspiring individual in the Mumbai city. At the time when real estate prices have undergone correction, this region with its upcoming infrastructure, scenic environs and affordable pricing can bring the homebuyers' dream come true.”

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