The residential real estate market in Mumbai is growing at a faster pace with many new launches taking place in various suburban areas. Still, Mumbaikars are betting on ready-to-move-in properties rather than under-construction units. Currently, there are over 800 projects in Mumbai suburbs and 1,000 projects in Navi Mumbai and Thane which are ready to move and that comes in varying prices.
So, read this blog and find out the areas where you can find expensive and affordable ready-to-move-in properties in Mumbai:
Mumbai
Talking about the suburban areas, areas like Kandivali, Malad, Ghatkopar, Juhu, Andheri etc. are offering hi-end ready to move in housing units to home buyers that are considered as resale properties. A 700-750 sq. ft. apartment is offered at a starting price of Rs 1.2 crore in Andheri West while a 3BHK unit is available for Rs 2.06 crore in Andheri East.
On the other hand, if you are looking for completed projects at affordable rates in Mumbai suburbs, then Vasai and Virar are the best bet. These areas enjoy excellent connectivity to other parts of Mumbai as well as has good infrastructure too. The average price of apartments in Virar is Rs 4400 per sq.ft., while in Vasai it is Rs 5,365 per sq.ft.
Thane
Located on the northwestern side of the state of Maharashtra, Thane is an immediate neighbour of Mumbai city and a part of the Mumbai Metropolitan Region, one of the most populous urban agglomerations in the world. Localities in Thane (west) offer many luxurious ready to move in housing units by renowned developers like Rustomjee, Cosmos, Puraniks etc. On the other hand area like Badlapur, Kalyan East, Dombivli etc. are offering residential units at budget-friendly rates starting from Rs 30 lakh. Apart from apartments, few villa and studio apartment projects are also nearing for possession in order to cater the increasing housing demand in Thane. However, the average property price in Thane ranges between Rs 3000 per sq, ft- Rs 10,000 sq.ft.
Navi Mumbai
Situated across two districts namely Thane and Raigad, Navi Mumbai is a planned city off the west coast of Maharashtra and has emerged as a major residential and commercial hotspot in recent times. Areas in Navi Mumbai like Karanjade, Ulwe, Ghansoli, Panvel, Airoli, Taloja, and Kharghar are offering many ready to move properties which fall in the range of 36-80 lakh. Navi Mumbai enjoys smooth connectivity and well-developed infrastructure. Due to a thriving commercial hub, many professionals are keen on buying housing units here. A 2 BHK unit is most popular among all other units which are sized in the range of 900-1,100 sq ft., good option for a nuclear family.