Vashi turns into a sought-after real estate destination!

With the city over-flowing and people continually moving in, looking for occupation and an opportunity to live their dreams, Mumbai has slowly turned into an extremely crowded and expensive area, from a point of view of real-estate investments. Owing to this, many investors are now looking for areas outside the city, though not disconnected and at a comfortable distance from Mumbai’s several business hubs. One of these well-developed and less cluttered areas is Vashi, an extremely planned city that was once a small village which was then breathed life into and developed by CIDCO.
The average price of real estate in Navi Mumbai is currently Rs. 10,500 per sq ft while prices in the nearby suburbs of Belapur, Nerul and Ulwe are approximately Rs. 8,000, Rs. 9,000 and Rs. 4,500 per sq ft. From these, the Ulwe area has the highest demand for homes falling in the price ranges of Rs. 20 to Rs. 50 Lakh. Those looking for real estate in Vashi however, usually settle for 2BHK homes. Vashi is known to be one of Navi Mumbai’s first nodes to have developed in a planned way by CIDCO. The area is well-connected and well-equipped with necessary infrastructure developments, including education institutions like Saint Mary, Saint Lawrence, Sacred Heart High School, Ryan International and Avalon Heights International School. Health facilities are also easily available in the area.

Navi Mumbai developer, Devang Trivedi says, “Vashi was one of the first areas to be developed in Navi Mumbai. The high demand for housing in Vashi, which could not be contained, spilled over into areas such as Nerul and Belapur. With prices increasing in these areas, Ulwe is the next destination, buyers are opting for.”
To know more about the best property deals in Navi Mumbai, both residential as well as commercial, visit www.snapghar.com today!