"Mumbai is restricted as it is surrounded by sea in 3 directions. That is why the property prices are always skyrocketing in Mumbai. Government with it's infrastructure development authorities has created a master plan to create growth of centers parallel to Mumbai. The Government is also creating better roads, better railway network in those areas. Navi Mumbai, Karjat, Boisar and expansion of Thane just to mention a few." said an official with MMRDA who did not want to be identified.
Netz Realty, which has an affordable housing project in Boisar and Karjat near Mumbai has registered sale of 70 units within 2 weeks and expect to sell out it's 250 units project within a month.
"I had a very small investment budget of only 12 lacs and industrial town of Boisar was suitable for me. I can reach there by train in 1 hour. We are all also expecting the dahanu locals will start soon." said Santosh Mali who recently bought a flat in Netz Realty's boisar project.
"Many real estate buyers with lower investment budgets are turning towards outskirts of Mumbai like Panvel, Karjat and Boisar." said Mr. Anand Pattnaik, a personnel with leading housing finance company.
TATA Housing and HDIL had sold out their first phases of projects in Boisar and Palghar in record time as per the reports. Indiabulls and Hiranandani are registering increased response to their projects in Panvel.
"Eventually there will be multiple destinations in and around Mumbai who will be identified as Mumbai Metropolitan region as a whole. We had suburbs as outskirts some 20 years back. Now clearly these are no more outskirts. They are recognized as Mumbai only. The story will repeat for these low cost centers such as Panvel, Boisar, Karjat, Navi Mumbai. After a few years these will also be known as Mumbai region. People who have missed out on the previous boom have a good opportunity to benefit from the next Infrastructure and Real estate boom by investing in these outskirts areas at low prices." said Akash Jhaveri, a real estate investment advisor and researcher.
For More information : Contact – Mr. Ameya Gore : +91 9769251999 www.netzrealty.com