Why Investing in a Virar Property is a Smart Choice?

As Mumbai is the biggest commercial hub in India, it has witnessed a continuous influx of population from all over the country. While the commercial capital of India gets more and more saturated, a very serious concern is that this substantial influx shows no signs of coming to a halt. As the city’s infrastructure is getting exceedingly stretched to meet the growing needs of ever increasing inhabitants, the working and higher middle class people are finding extremely difficult to own their homes in Mumbai.

The real estate in the city’s southern ‘town side’ stretching from Churchgate-Colaba to Bandra is skyrocketing leaving very little room for residential investment for both builders and buyers alike. Since the property rates are exorbitantly high in these areas, only mammoth-size investments can buy you a home. As a result, realistically speaking, the two options left in the Mumbai Metropolitan Region (MMR) for residential investment remain the Mumbai suburbs (stretching from Andheri all the way up to Borivali and Dahisar) and the north suburbs (including Vasai, Nalasopara and Virar).

Considering the fact that the suburban region has witnessed aggressive economic activity recently in areas, including Andheri, Goregaon, Malad, Kandivali, and Borivali, the far north suburbs (Vasai, Nalasopara, and Virar) remain affordable housing investment alternatives for middle class inhabitants looking for a home. Since Virar forms the north end of the Mumbai Suburban Rail’s Western Line network, it has easy connectivity to suburban areas of commercial significance, including Borivali, Malad, Goregoan, and Andheri. This is important because recently, a lot of multinational corporates have shifted their base from South Mumbai to the suburbs. Besides easy rail access, Virar connects to the national highway NH-8.

Another reason that makes investing in a Virar property smarter choice is that the regional municipal authority Vasai-Viral Municipal Corporation (VVMC) has significantly enhanced the civil infrastructure of this north suburban belt of Mumbai. Whereas a decade ago, the roads, sewage and electricity in this region were a major concern, recently these areas have been looked into and they have significantly improved. The region even boasts of several open space areas, parks, amusement areas, educational institutes, and hospitals making it an ideal option for those searching for affordable living in Mumbai. All the above factors have led many top real estate firms develop new residential projects in Virar West.

Not only are people looking at Virar as an option to buy their very first home, those looking to invest in second homes are seriously considering it as they feel the upcoming planned infrastructure projects will lead to a surge in economic activity in the region. Amongst others projects in the pipeline, the 126-km Virar-Alibaug multi-modal corridor project and the Churchgate-Virar elevated rail corridor will provide a much-needed impetus to the region.

The Virar-Alibaug multi modal corridor will connect Virar to and ensure faster access to Mumbai from important national highways viz. NH8 (Ahmedabad), NH3 (Agra-Delhi), NH4 (Pune-Bangalore), NH4 B (JNPT), and the Mumbai Pune Expressway. Similarly, the proposed Churchgate-Virar elevated rail corridor will further boost connectivity to the suburban as well as the southern stretch of Mumbai.

The combination of planned infrastructure projects, serious attention given to the region by residential developers, high demand for affordable housing, and convenience of access to other regions makes buying property in Virar a smarter choice.

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