Real estate prices shoots up high at Mumbai Virar

Virar is a part of the Mumbai Metropolitan Region and Vasai-Virar Municipal Corporation. The exorbitantly high prices of properties in Mumbai city as made real estate boom in the suburban regions. The northern suburbs such as Virar, Vasai and Nalasapora has marked several residential investment in recent days owing to the affordable process of properties in these areas. For middle-class people who need to spend a large investment to buy an apartment in Mumbai city, 

Virar and other suburbs offer 1 and 2 BHK apartments at affordable ranges. But as the demand for housing have become very high in recent days, the property prices in Virar is also witnessing a considerable amount of hike in recent days.

With a huge residential demand and developing infrastructure, Virar is expected to be the future investment destination near Mumbai. The Vasai-Virar region is seeing tremendous economic and infrastructural growth in recent days and if this development continues, then surely this region has the potential to become a city on its own. The real estate in Virar is also developing in all spheres including residential commercial building. For those who wish to buy an apartment in a pollution-free locality away from hustle and bustle of Mumbai city without sacrificing on modern lifestyle, Virar is an ideal bet.

Several new proposed projects such as 126-km Virar-Alibaug multi-modal corridor project by the MMRDA connecting the regions by road and by metro, changing the existing internal road into a four-lane road, elevated rail corridor between Churchgate and Virar, and many more in pipeline contribute to the rising realty prices in Virar region. Virar also has various educational institutions, restaurants, shopping complexes, and beach resorts.

The prices of properties in Virar is moving in an upward direction in the price chart constantly. The prices of property in Virar has shown a rise of up to 10% in just one year of time. Also it expected to rise further in the coming months due to high demand form the population. When you compare the property prices in Virar in the last five years, you can visibly notice a constant increase with year from the previous years. The prices have rose not just from one year to the other, but also within each quarter of the same year at least by a small percentage. This clearly shows that realty prices in Virar has been increasing for off late and this price trend will continue in coming years as well. So if you are planning to buy a property or apartments in Virar, this is the right time to invest. Because in another 1 year of time, the property prices may increase another 10% fetching high return of interest for people who have invested this year.