Why Palghar is the Best Place for Real Estate Investment?
Palghar is a town in Maharashtra’s Konkan division as well as a municipal council. It is located in the Mumbai Metropolitan Region and has served as the Palghar district’s administrative capital since 2014.
Palghar is located on the Mumbai Suburban Railway’s Western Line, which is part of the major Mumbai-Ahmedabad rail route. The town is approximately 87 kilometers north of Mumbai, 35 kilometers north of Virar, and 24 kilometers west of Manor on the Mumbai-Ahmedabad National Highway.
It consists of a combination of the finished and under-construction residential township and planned development projects in the inexpensive housing category. Palghar is a heavily inhabited territory as well as a recently constituted district with a population of about 14 million people. Ambadi, Varkhunti, and Ganesh Nagar are some of the adjacent towns. Vaibhav Greens, Nakshatra, Swarangan, Park, Prithvi Complex, Paradise, and Dream City Apartment are some of the well-known residential developments in the neighborhood. VBHC, SS Land Developers, Oswal Realtors, Ipsit Projects, and Ananta Constructions are some of the significant real estate developers in the area.
Price Trends
The most recent price change in Palghar is a solid sign for investors or end-users as to which way the Palghar property market is headed. It is critical to comprehend such patterns in Palghar property prices so that buyers and investors may choose the best moment to purchase or sell.The starting price of a property in Palghar is Rs. 10 per sqft, with an average price of Rs. 3,263 per sqft. The current price trend suggests that both purchasing and selling houses in Palghar is beneficial at this time.
Transport & Connectivity
The Mahim-Palghar Road and the Palghar-Manor Road provide a good connection to Palghar. Palghar is connected to other main regions in the Mumbai Metropolitan Region and Gujarat by the Maharashtra State Road Transpiration Corporation (MSRTC), a vital mode of transportation for everyday commuters. Palghar, on the western Mumbai Suburban Rail network, is the nearest railway station. Palghar is a major railway station on the Mumbai Suburban Railway’s Western Line as well as the Ahmedabad–Mumbai mainlines. Many long-distance trains stop here, in addition to shuttle/Memu/EMU (local train) services.Palghar is roughly 101 kilometers from Chhatrapati Shivaji International Airport. There are currently no plans for metro connections in this area.
Social Amenities
The social and retail infrastructure is highly developed and meets the people’s fundamental needs. Twinkle Star English High School, Anand Ashram Convent, Zilla Parishad School Charikhurd, and others are among the important schools in the area. There aren’t many retail centers in the area, but local markets and shopping complexes like Amber Shopping Centre and Rajeshwari Shopping Complex cater to the requirements of the residents.
Employment
Employees working in the adjacent industrial clusters boost residential demand in Palghar. Palghar is close to important job centers like Mahim and Boisar, which are also recognized as industrial hubs for the animal husbandry, dairy, agricultural, and fisheries industries. Aside from these, there are a few government offices at the district level.
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.
