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.