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.
