Any locality whose property prices see over
a 100% growth in less than a decade can be termed as a stellar place for
returns on investment! The shrinking availability of space in the mainland of
Mumbai in the last 6 years or so, builders and developers have been forced to
look elsewhere and Virar has been their go to destination!
Geography:
While on the lookout for new realty
destinations for developing apartments in Mumbai, Virar has caught the fancy of
many top property builders. It is termed as the town of the future by property
experts in the city. Situated close to Vasai and surrounded by other suburbs
like Dahisar, Tokare, Arnala and Nalasopara East, the town falls under the
district of Palghar. The area available is huge; over 100 square kms of land!
Future
prospects:
With Mumbai turning out to be empty handed,
there is a desperate requirement for fresher, cheaper rural towns which can
take up the population of the region. This is how a place like Virar has
profited. It has a well-planned connectivity with the other parts of the city,
making it a real prospect for the future.
Inside of this arranging is the
Virar-Alibaug Corridor Project. The undertaking has a twofold objective –
firstly to unite the two towns by road, and furthermore by the metro. While the
time period for this is year 2031, it is bound to happen slow, yet steady! The
other arrangement is to have the monorail running in the middle of Virar and
Chikhaldongri. The Rs 600-crore plan will cover the Virar-Chikhaldongri line in
a couple of years or so!
Social
infrastructure:
Though underrated, the area is not too bad
for what is primarily going to be a residential destination for many investors.
Though the area might not boast of many Malls and other hi-tech facilities, it
more than makes up for all that with the coastal feel to the region! The
beaches are an added advantage and the number of resorts dotting the coastline
makes for a great way to unwind on a holiday than jostling through the hustle
and bustle of a mall.
There are a few amusement parks too which
break the monotony of activities. A few heritage spots like the famous forts of
Arnala and Vasai make it interesting for those who like a mini trek. The
locality is also known for a number of lakes that are present - Achole Lake,
Nirmal Lake, Bhuigoan Hill Lake, Nandakhal Lake, Gassa Lake, Gorlai Lake and
Varmala Lake all make for a good vacation spot for families.
Financial
Gain:
Let’s face it Virar might not be the
primary residential destination for many Mumbaikars. But, the possibility of
buying a house here and renting it out for income is a smart move! Localities
like Dahisar in Virar offer good deals on rent with 2 bhk apartments in Virar
fetching as much as 20,000 INR a month on rent alone! So, go ahead and pick out
an apartment in the hottest upcoming locality of Mumbai and be pleased!
Author Bio:
Shailja is an Indian housewife who loves to
write on Real Estate. She is a regular contributor to the columns of many
property magazines and also IndiaProperty.com
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