Will investing in Virar Properties Fetch you Good Returns?

Mumbai is a city of gold for everyone and each individual wants to come here and live forever. But along with a good job, one needs to have a good house as well. Today, with millions of people residing in this dream city, getting affordable housing solution has become a distant dream. This is one of the major reasons for the emergence of Virar as one of the hottest property investment destinations near Mumbai.

Being a part of the nearby Palghar district, Virar has now made its name for being most of the reasonable suburbs. The last decade has seen thousands of people making Virar their permanent home due to the improvement in its infrastructure, connectivity and various amenities. The real estate experts are also of the view that in the years to come the properties in Virar West in particular are going to shoot up as more and more people will flock into the region looking for affordable housing solutions.

Property Rates in Virar

These days several people prefer Virar as a primary residential option due to the good housing options and better infrastructure. Today, the property rates in Virar West go around INR 4000 to 5000 which is far better than the ones in Mumbai. Due to the increasing population and extremely high prices the properties in Mumbai have become stagnant and has gone beyond the reach of lower and middle income individuals which has led to a huge surge in the demand for properties.

Connectivity

For any area to develop into a town or city, connectivity plays an important role. The Vasai-Virar belt is well connected with Mumbai with the help of Western Express Highway and the western suburban railway. Virar is one of the major stations on this line and thus is easily connected with all the suburbs of Mumbai and thus is quite popular among buyers looking for flats in Virar West.

Projects in Virar

The rising demand for properties in the region has prompted several real estate companies in Mumbai to invest in the projects in Virar. They look to tap potential buyers by providing them reasonable and luxurious 1BHK flat in Virar West with all the amenities as property options. In recent years several renowned developers have launched their project in the residential and commercial space. The industry experts opine that in the coming years the region will see a 100% appreciation in capital values of residential complexes.

Besides being backed by good infrastructure and connectivity, the region also has several entertainment options. This region has everything one can ask for right from shopping complexes to entertainment zones to beaches and churches, temples, etc. Besides reasonable housing, the region is also blessed with huge forest cover and scenic beauty. The region is also flocked with tourists’ right through the years due to the various resorts at Arnala beach just few miles away. Further, the educational centres are also growing year after year making the region a prominent educational hub.

Today, with Mumbai being saturated, Vasai-Virar as a growing region has presented a luxurious and affordable living for people who were looking to have a house of their own. A great place to live in!

Aakash has an in depth knowledge about the Real Estate Industry in India.He has a passion for writing articles on property in Virar and gives an in depth insight on Virar properties.