Mumbai is one of the most expensive property markets in India thanks to the low supply and absence of land parcels. Most of the properties in Mumbai are apartment complexes that are being redeveloped. Of all the areas in Mumbai, the western suburbs are considered upscale because of their smooth connectivity to south Mumbai and presence of several companies and manufacturing units.
The western suburbs have some of the highest property rates in Mumbai, which keep them out of the reach of most home buyers. However, there are certain pockets in the city where affordable properties for the middle income group are available. Borivali West is one of the areas of the city where home buyers prefer buying apartments despite the rapid increase in property values. It is located towards the north western part of the city and has witnessed an increase of capital values by almost five percent. The area has several upcoming projects in Mumbai that have generated buyers’ interest. The area is well connected through the western line of the Mumbai Suburban Railway Network, has wide roads and is close to the airport. Upcoming projects in Borivali West has quality apartments available with luxury amenities such as swimming pools and gymnasia. The availability of quality homes is what has pushed the price of property in Borivali.
Currently the prices of property in Borivali range between Rs 15000 and 19000 per sq. ft. The area has a supply of 1 and 2BHK apartments. For 1BHK apartments which measure between 300 and 700 sq. ft, the amount payable is between Rs 18 lakhs and 2 crores. For bigger sized 2BHK units which measure from 700 to 1300 sq. ft, the cost is between Rs 55 lakhs and 3 crores. Compared to other areas among the western suburbs, the rate is much lower. Areas such as Andheri and Malad have capital values hovering between Rs 20000 and 25000. The flats in Mumbai is mostly under gated communities with basic and luxury amenities in place.
The social infrastructure available in Borivali West is enough to support a settled home life. There are several hospitals, banks, super markets, schools, convenience stores and vegetable markets in the vicinity to make lives of residents simple. When it comes to basic amenities, the area receives water supply through the Brihan mumbai Municipal Corporation while electricity is supplied by Reliance Energy.
Borivali West is located close to the Western Express Highway which connects it to the western suburbs like Andheri and Goregaon. The internal roads of Borivali are wide enough to facilitate smooth movement of traffic. The area is served by BEST buses which connect it to various localities within Mumbai and Thane as well. Auto rickshaws and taxis are also easily available in Borivali West.
The area is around 21 kilometres from the Chhatrapati Shivaji International Airport and can be reached within thirty minutes along the National Highway 8 or Western Express Highway. The Borivali Railway Station is 5.3 kilometres from here at the Lokmanya Tilak Road in Datta Park.
Borivali West has a cosmopolitan crowd and lots of entertainment zones for home owners to visit. The Sanjay Gandhi National Park is located close by and it attracts thousands of visitors every month. Those who are looking for a well equipped Mumbai property in a good location, must go for this option.
Several new projects in Mumbai and its adjoining areas are also coming up for home buyers and investors who have a specific budget. As a prospective buyers all you need to do is just take the help of a property advisory firm, select some feasible options and buy your preferred home.