Affordable Property Deals Near Mumbai That Won't Burn Hole into Your Pocket

NAVI MUMBAI, India - May 24, 2016 - PRLog -- Mumbai, being the glitz and glamour city is expensive for real estate investment. An individual on a tight budget of 30-50lacs would find it very difficult to find a decent residential apartment in the main city. Compared to the other metropolitan cities, Mumbai is a pricey affair as far as lifestyle and real estate in concerned. Mumbai Metropolitan Region poses some of the highly priced residential properties that often go beyond the purchasing capacity of many middle class working individuals.

Individuals looking for residential apartments in Mumbai can try looking for properties around the main city. Areas of Thane, Navi Mumbai and Pune are seeing major development in terms of new and affordable real estate projects that offer all the basic amenities. Individuals looking for smaller compact residential units of 1 or 2bhk can easily find a space in these localities with proper research. Localities of Mira Road, Bhayander, Nalasopara, Naigaon and Virar in Mumbai promise properties within a price range of INR 35-50 lac with average per sq.ft. price range between INR 4,800-6,500. The property area could range anywhere between 550-850 sq.ft. Well-known developers have come upfront with new projects that are either already ready-to-move in or under development and to be delivered within next year or two.

Navi Mumbai is another region that is proving to be a residential haven for the working class. The area's great connectivity with railroad network and expressways is a great booster for individuals working in the main city. Nuclear families and bachelors generally find the area suitable for settling down due to many upcoming residential projects with basic amenities on offer. Localities of Ulwe, Taloja, Khopoli, Panvel, Kharghar, Kamothe, Karanjade, Kalamboli and Roadpalli in Navi Mumbai are rising up with many residential projects within a budget range of INR 32-45 lac for 1/2bhk flats. The average prices of these apartments range between INR 4,800-6,500 per sq. ft for areas between 630-1082 sq.ft.

Thane is yet another upcoming area in terms of residential apartments. Areas of Dombivli, Ambivli, Shilphata, Kalyan, Badlapur, Titwala and Ambernath in Thane are some preferred residential locations for the working individuals looking for smaller and compact residential units. The area boasts a budget range of INR 33-40 lac with apartment sizes between 620-1100 sq.ft for 1/ 2bhk flats. The average per sq.ft. price goes between INR 3,650-5,400 depending upon the amenities on offer.

If you are working in the nearby city of Pune, the city too offers interesting and affordable residential options within the price range of INR 32-45 lac. Areas of Wagholi, Dhanori, Lohegaon, Keshav Nagar and Kahradi in the  east region, Talegaon, Wakad, Bavdhan, Hinjewadi and Pirangut in the west region, Undri, Narhe, Dhayari, Ambegaon and Handewadi in the southern part and Alandi Road, Dighi, Charholi, Chikali and Moshi in the northern region of the city offer affordable 1/ 2 bhk options for those on a stringent budget.

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