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Price Variation of Property in Mumbai Across Andheri Dahisar and Navi Mumbai

Mumbai Property at Makaan.com

It was only after living in Mumbai that I realized how pricey it is, specially in terms of its real estate. The rates are exceptionally high along Andheri Dahisar Road and across southern region. To buy house in the city is a dream that remains unfulfilled for many. For buyers with only limited financial means have no choice, but to look for alternative options. Suburbs like Thane and Navi Mumbai are relatively affordable and are preferred by budget-minded buyers. Let's have a look how residential property in Mumbai fares in Andheri-Dahisar stretch and compare it to prices prevalent over Navi Mumbai localities. We shall take a 2 BHK for our consideration.

A two bedroom property in Mumbai in one of the prime localities, Goregaon, varies between 20 lakhs and 1.5 crore. The starting price for the same in Malad(W) stands at around 30 lakh. The price value is comparatively higher in Malad(E): a 2 BHK flat for sale here is available in 60 lakh-1 crore bracket. Localities like Andheri(W) and Borivali(E) carry much higher rates. To purchase a two- room house here, a buyer needs to pay at least 65-75 lakh. 4 Bunglows, Oshiwara, Marol too carry considerably high price tags. Buyers would find it difficult to find a 2 BHK below 1 crore across these locations.

Now, consider Navi Mumbai. The seekers of two-room Mumbai property have several affordable options. New Panvel, Karanjade, Airoli, Panvel, and Taloja are a few such examples. Across these, one can expect 2 BHKs below 20 lakh. In 20-30 lakh bracket, one can consider suburbs like Vashi, Kharghar, and  Kamothe. For higher price segment, the buyers can look for Mumbai properties in colonies with well-developed infrastructure and good connectivity. A few such areas are Nerul, Koparkhairane, Sanpada, and Belapur.

With prices across Andheri-Dahisar stretch are beyond the reach of majority of Mumbai population, a number of buyers have took to Navi Mumbai as an alternative market.

New Land Pool Policy to Create Alternative Markets for Delhi Property Hunters

Delhi Property at Makaan.com

With the announcement of Land Pool Policy by DDA, property Delhi is going to witness a new chapter of realty development. Under the policy, DDA would be able to vacate 70,000 acre of land acquired from farmers and owners. The land shall be used for creating highly developed residential spaces. Under the plan, about 100 residential projects are expected to come into vogue, and this will, in turn, see the development of about 14 lakh residential units.

Areas like Ghitorni, Chattarpur, Najafgarh, Massodpur, Dwarka, Mehrauli shall see the execution of these projects. Peripheral areas of Rohini and Najafgarh have also come under the ambit of this policy. Most of these regions are largely uninhabitable currently with almost no or little commercialization having taken place. As the plan is brought into action, one will see the transformation of these areas, in the time to come. This would be a good boost for Delhi property market, which has become almost stagnant due to extortionate rates and low demand. With Pool Policy coming into action, a new Land Pooling Cell shall be brought into existence to oversee the execution of this mega project.

 The owners of real estate property in Delhi who shall agree to pool their land shall get 40-60% of the developed land in return. For owners of land above 20 hectares, out of the returned 60% developed land, 40% will have to be used for residential purposes. For the owners contributing to land less than 20 hectares, 43% out of the returned 48% shall have to be used as residential spaces. As the policy comes into action, the land rate in the earmarked villages shall increase substantially. DDA has identified 200 such villages.

The areas marked for development shall act as alternative markets for property Delhi, which is, otherwise, known for its colossal price rates.

Most Preferable Locations for Buying Ahmedabad Properties

Ahmedabad, tier1 city of India, has made a tremendous progress in terms of real state. The strong presence of infrastructure and good development potential are the primary reasons of the growth of its realty market. The development of integrated towns with cosmopolitan look have transformed the city, and today, its real estate stands at par with other metropolitans. For property-seekers, it offers a number of good options. Let's see what are these.

Motera: One of the most preferable choice for buyers of real estate in Ahmedabad is Motera. Fully developed, this locality is strategically located near Gandhinagar. Its connectivity to six-lane Visat-Gandhinagar Highway make it an important commercial hub too. Some of the high-end buildings are present in Motera. One of the the things that definitely goes in locality's favor is its congestion-sans roads. Nearness to Ahmedabad airport and presence of the prestigious Knowledge Corridor are some of the other reasons why it has gained preferably for real estate hunters. 

Bopal: One of the satellite towns, Bopal is another locality that has gained popularity among property buyers. Laced with good infrastructure, Bopal is connected by BRTS to Sun City. Since past few years, it has seen development of several properties in Ahmedabad. Presence of schools, banks, and a few high rise apartments make the locality a nice dwelling place.

S.G. Highway: This highway provides connectivity between Sarkhej and Chiloda, and has become a major transport commerce corridor in the city. The hitherto cheap land rates have increased appreciably. Ahmedabad's largest mega mall, ISCON, is present over this road.

Chandkheda: A prime residential locality, Chandkheda is a major suburban area of the city. Its presence of ONGC office is the reason why property hunters choose Chandkheda as their living place. 

A few other prominent residential areas of the city are Vastrapur, Vejalpur, Maninanagar, Thaltej, Prahlad Nagar, and Gota.