Vashi emerges as Popular Residential Suburb in Navi Mumbai

Mumbai News

From past few years, Vashi in Navi Mumbai has caught the attention of many prospective homebuyers who are looking to buy their dream property. Reason being, a well-develop thriving, and burgeoning infrastructure planned residential and commercial spaces are some of the aspects that have attracted home buyers to invest here.

Vashi is a planned city of Navi Mumbai by CIDCO that is situated across the Thane Creek of the Arabian Sea. The city enjoys smooth connectivity to other surrounding areas via a well-planned rail and road network. Major arterial roads of Navi Mumbai such as Palm Beach Road, Sion-Panvel Highway, and Thane-Belapur Road connect it directly to Mumbai. Mumbai Suburban rail connect Vashi to all the major suburbs of Mumbai and Thane. The Santacruz-Chembur Link Road and the Mumbai Highway links it directly to International Airport.

Vashi also boasts sound and well-planned infrastructure and is home to some of the best schools, educational institutions, hospitals, and healthcare systems. Some of the renowned institutions include IES Navi Mumbai High School, Avalon Heights International School, Fortis Hiranandani, Apollo, Inorbit and Raghuleela malls.

The city is also known for the presence of important and leading industrial and commercial offices and IT Parks such as MIDC industrial area, Dhirubhai Ambani Knowledge city, and Mahape IT Park. Due to low prices range and better connectivity many renowned IT Companies like IBM, Eon Services, Orange; Huawei etc. have shifted their base to this city.

Apart from being a flourishing commercial hub, Vashi also houses some of the best residential properties ranging from apartments, flats, villas to builder floors. One can easily find option that suits best to their pocket size. Sector 12, 14, 16, 28 and 59A are some of the leading areas where one can look for several housing options in various size and configuration. At present, the average price of an apartment here is Rs 14,583 per sq.ft. Talking about the rental market, the current rental for a 1 BHK flat in Vashi starts from Rs 18,000.

As per experts, the property price here is expected to increase more in coming years once the proposed Navi Mumbai International Airport will start its operation.