Low-priced affordable housing near Mumbai

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Image Courtesy: Reuters

Buying houses in the top Indian cities is no longer as simple as it used to be years ago. With sky-touching house rates and scanty land availability, it is becoming increasingly difficult to purchase your own home in the metros of India, especially Mumbai. The city maybe over-crowded leaving no space to step a foot, but its charm will never seize to lure more aspiring dwellers. Even though it may seem almost impossible to buy a low-priced accommodation for yourself in this city of dreams, you can pick cheap housing in some suburbs around Mumbai with adequate connectivity to the main city.

Panvel

Panvel already flaunts a developed side to itself – Old Panvel. The outskirts of this place still has scope for more township developments. The place is well connected by local trains as well as state transport buses. Local trains regularly connect CST to Panvel paving way for efficient commuting. The townships here sport a whole range of facilities that people look for when hunting for a suitable home – right from schools, parks, shopping outlets to hospitals. A 1BHK in this locality ranges from 20 Lakhs to 40 Lakhs.

Badlapur

Badlapur is seen transforming into a residential hub only in the recent past. Earlier it was a well-known industrial sector. This place is gradually turning into a suburban area with promising township projects that have been launched in the recent past. Badlapur is developing at a fast pace infrastructure wise. It is proving to be a cheap and a smart investment destination.

Ulwe

Though Ulwe is still developing slowly, its massive land availability indicates a bright future for this suburb real-estate wise. It has great connectivity through Nerul, Vashi and Belapur. The picturesque landscape around this suburb adds to its beauty. Ulwe is close to highways, sports club, expressway, etc. A 1BHK in this locality ranges from 29 Lakhs to 40 Lakhs.

Taloja

Close to Kharghar National Highway and NH-4, Taloja flaunts multiple new township projects. Besides its own railway station, it is supposed to have a new metro station as well. This suburb has plenty new infrastructure projects that will enhance its connectivity to Mumbai city in the coming future. Taloja has basic amenities that people look for when searching for a suitable place to invest in a house.

Koper Khairane

Already a developed suburb and densely populated, Koper Kharaine consists of an expanse of civic utilities – theatres, multiplexes, restaurants, shopping spaces, etc. A self-sufficient locality, it is also well connected to the city.  It is predicted that a 40 Lakh real-estate investment in this locality today will optimistically reap 65 Lakhs within three years.

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If you’re someone who wishes to purchase a property within a lower budget, you should survey properties around these suburbs. Hope you choose wisely and stay connected!

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Published Date: May 25, 2016 12:48 pm | Updated Date: May 27, 2016 02:31 pm


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