A comprehensive overview of Vashi property market

Being a real estate investor, one always looks for land that offers attractive pricing, gives you immense profit opportunities, and provides you a decent locality with modern amenities.

If you are a real estate investor, then Vashi could be that locality you would not like to miss to invest in. Vashi is seen as a good and prime location in Mumbai. It is developed, has softer nodes in Mumbai, and is centrally located. It emerges as both a residential and commercial hub of Maharashtra. 

Vashi has seen a development curve over the past few years and is a well-established city now. It can be stated as the first well-planned city in the country. Properties in Vashi are always in demand, and this gives rise to the liquidation of the properties as it has peripheral node areas such as airports and others. It will help in exponential growth and incremental growth to your property. 

Developed and planned by CIDCO, Vashi has residential townships, job opportunities, flats on every budget, and a well-established infrastructure. 

Let’s have a thorough look over why one should invest in Vashi?

1. Connectivity Vashi’s appealing connectivity is the main reason why one would prefer to invest in such real estate. The city well connects you with the Rail Network, Mumbai airport, and Highways. It connects you with Mumbai’s main city through a toll bridge overseas. Vashi has its own railway station that is 2 km and 8 min away from the locality.  It also connects you to essential areas of Navi Mumbai that lie within 8 km, such as Ghansoli, Koparkharane, CBD Belapur, Sanpada, Turbhe, etc. Vashi’s Harbor line Rail Network connects Chatrapati Shivaji Terminal, Andheri, Nerul, and Panvel. Similarly, Mumbai Airport is 23km and 50 min away from Vashi. It also has a well-maintained mode of public transportation and is close to Pune, i.e., 118km – 2.5 hours away.  Having a developed network of all means of transportation, Vashi is directly connected to Mumbai via all the major arterial routes. 
2. Requisite facilities Vashi has a well-planned and developed social infrastructure imparting with all the facilities such as Health, Educational, and Employment Services. There are eight super specialty and multispecialty hospitals within 10 km from the locality, including Hiranandani Fortis, Apollo, MGM New Bombay, etc. It is also inculcated with ten schools associated with different boards and colleges, even comprising Navi Mumbai High School, St. Lawrence, Avalon Heights International Schools, and many more.  Vashi is considered to be situated in a low polluted environment with various Employment hubs and Shopping Malls and Complexes such as International Infotech Park, Hawara Fantasia Business Park, and even Reliance Corporate Park that is within 7 km from the locality. Malls and complexes including Palm Beach Balleria, Raghuleela Arcade, City Center, Inorbit, Sitara Plaza, APMC, and many others. 
3. Properties Available Real Estate consumers are always in demand as Vashi gives you a whole range of offerings in different price brackets. Hence, it can be seen as a long-term investment for real estate agents.

Coming on to properties in Vashi 

• 1 BHK comprises 310-750 sq ft and ranges around Rs. 42L – 98 L, and its monthly rental includes pricing around Rs. 8000 – 25000. 
• 2 BHK comprises 550-1430 sq ft and ranges between Rs. 85 L- 2 Cr and its monthly rental includes pricing between Rs.16,000-45,000.
• 3 BHK comprises 900-2100 sq ft and ranges between Rs. 1.50 Cr – 3.50 Cr, and its monthly rental include pricing between Rs. 30,000-65,000.

The most preferred property type in Vashi is 1 BHK, as it suits working professionals. However, all the rents and pricing of the property depend upon the locality and the area.

Above were the three requisite factors that one looks for investing in Real Estates.

Here are some of the Projects in Vashi that add value to the city and why one’s investment would be a call to action. 

1. Baba Solitaire It is spread over 1214 sq meters. It comprises two towers and 26 units. It includes only 1 BHK that Sizes between 313-750 sq ft. The flats range between 45-75 Lakhs. The project has a ClubHouse, Health Club, Swimming Pool, Open Playground, WIFI Connectivity, Bamboo Court, Amphitheatre, and Jogging Track. 

2. Sai Anant Sai Anant is spread over 1 acre, including one tower, and has 30 units. You can get 2,3, and 4 BHKs. The size lies between 1060-2100 sq ft and ranges between Rs. 1.45- 1.60 Cr. The project has Jogging Track, Club House, Gymnasium, Swimming pool, Power Backup, Indoor Games, etc. 

3. Silicon Tower It is spread over 1 acre and has four towers and 1200 units. It includes 2,3 and 4 BHKs, Sizing between 1100-1920 sq ft. The price ranges between Rs. 90 Lakhs – 1.70 Crores. The project has a Club House, Jogging Track, Strolling Track, Outdoor Tennis Courts, Intercom, Lift, and Banquet Hall. 

Suppose you want to buy a property around Mumbai and need paved roads/facilitated and robust infrastructure and want to buy a property that fits within your budget. Then, Vashi could be the best locality to look for. Away from congestion with good connectivity and open areas. It can be considered an excellent long-term investment. However, it is advisable to take expert guidance and thorough research before investing in real estate.

Frequently asked questions (FAQ) on Vashi!

Q1. Why should one invest in Vashi?

Vashi’s social infrastructure is well designed with various amenities. The place is gaining popularity because of its commercial and industrial hubs, retails, food chains, and many more. Vashi always sees reformations and is attractive to the people living in other parts of Navi Mumbai. Hence, investing here will give you good returns and improve your incremental and exponential growth. 

Q2. Is Vashi a good place to live?

Talking about the connectivity of Vashi, it is a well-connected expressway with Rail Network, Mumbai Airports, and Highways. Apart from this, it comprises adequate infrastructure such as schools, colleges, hospitals, restaurants, malls, and commercial places. Hence, it can be stated that Vashi is a good place to live. 

Q3. Which is the best sector in Vashi?

Sector 17 in Vashi is considered as one of the most developed, equipped with all the facilities. Besides this, sectors 12,14,16,17, 28, and 58A are some of the residential sectors in Vashi.  

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.