Reasons for Investing in a Virar Property

Reasons for Investing in a Virar Property Nowadays you can see that purchasers are looking for reasonable housing choices in Mumbai. This can be one of the major reasons why Virar has become known as one of the popular property investment destinations in the city. It is also one of the most affordable suburbs, which are situated in the Thane district. Individuals have been going to this area, particularly the Vasai-Virar belt. As indicated by the industry experts, housing sector during this belt may become a lot of engaging in the years to come back.

There are some of the major factors that make this location good for property investment: Connectivity This suburb is connected with the city through the Western line of Mumbai’s suburban railways and Western Express Highway. Easy and well connected with local trains has made this area truly prominent among buyers. It is within an hour’s distance from Dombivali, Mumbai Corporation, Tarapore MIDC, Navi Mumbai Corporation and Thane Corporation. Additionally, the Mumbai domestic as well as international airport is at an hour’s distance.

Rates of Property Decent housing and good infrastructure options are catching the attention of buyers to the MiraVirar section. At present the average price of properties in Virar and Vasai varies between 5000 and 6000 INR. In the previous few years, capital values of Virar properties have doubled. Most of buyers belong to the middle and lower income groups who cannot afford to purchase a home in the city.

Real estate Projects in Virar Due to increasing the demand for real estate, most real estate companies in Mumbai are offering luxurious and affordable property choices to potential purchasers. Numerous well known market players have launched their commercial as well as residential projects in Virar. Few developers predict a 100% appreciation in capital values of their residential units in returning years.

The property’s price of per square feet has currently raised to 4000-6000 INR. According to predictions created by industry experts, in the next 2 to 3 years, per square feet rates during this region can cross 8000-9000 INR. So, now could be the correct time to invest in a good property option.

Apart from quality infrastructural facilities and connectivity to Mumbai, this location has a variety of entertainment choices. From shopping malls and entertainment zones to temples and beaches, this suburb has everything you need to live a relaxed and comfortable living lifestyle.

The ratio of investors and users in Virar stands at 40:60. Several residents have invested in this region and stirred to raise residences with increased standard of living.