Top 4 Affordable Areas to Search House for Sale in Mumbai, New Indian Properties, Buildings
Top 4 affordable areas for houses for sale in Mumbai in 2022
The property rates in Mumbai are on the rise, and there is a lot of pressure on property seekers to buy property before the prices hike even more. However, with enough study, one could discover a location that fits their budget and schedule. Furthermore, with the increasing cost of living, the government has implemented low-interest home loans for homeowners like the Pradhan Mantri Home loan to acquire a house using many affordable housing schemes in Mumbai.
Today, there are plenty of affordable options available for a buyer who is looking for a house for sale Mumbai. Navi Mumbai – an upcoming satellite city – is becoming a popular option for property buyers as this place offers low-budget flats that can be purchased at reasonable prices. As a real estate expert, I wanted to blog about the most affordable localities in Mumbai, where property seekers can buy their dream homes at a reasonable price.
Top 4 Affordable Areas to Search House for Sale in Mumbai
Borivali
According to current real estate statistics, Borivali retains its status as Mumbai’s upcoming residential area. It was designed as one of the modern attractions in the metropolis and was dubbed the “suburb of gardens.” It is ideal for individuals who work near CST since a journey of only 45 minutes on the train can take you there. Borivali is a small but vibrant neighbourhood located in the eastern part of Mumbai.
From schools to colleges to hospitals to restaurants, Borivali has it all. The development of good social infrastructure, business hubs, and connectivity are helping Borivali become the most inexpensive place to live in Mumbai. For frequent travellers, this ensures a less tiring journey. The region is easily accessible via multiple modes of transportation such as buses, taxis, and auto-rickshaws. According to low-income housing plans, it is one of the most affordable areas in Mumbai.
Average cost of 2 BHK apartments in Borivali starts from Rs. 1.25 crore.
Ulwe
Navi Mumbai is an affordable and luxurious area, appealing to people seeking both. While housing prices continue to rise in Vashi, Chembur, and Panvel neighbourhoods, you can live comfortably in Navi Mumbai. The City and Industrial Development Corporation (CIDCO) carved the city of Ulwe out of mangroves and marshland, which is still home to a large number of affordable homes. Property in Navi Mumbai is expected to get pricier shortly due to the Navi Mumbai International Airport, Seawood-Uran railway network, and Mumbai Trans-Harbour Link, all being built nearby now. So, you must decide steadily to own a property in Navi Mumbai.
Average cost of 2 BHK apartments in Ulwe starts from Rs. 85 lakhs.
Mira Road
Mira Road-Bhayander is an excellent location for people on a budget seeking reasonably priced housing. Property buyers in the middle class searching for moderately priced housing should look no farther than Mira Road-Bhayander. Mira Road is a fast-growing neighbourhood in Mumbai, rapidly becoming famous for offering apartments with reasonable prices and easy access. In a bustling metropolis like Mumbai, this becomes one of the most important things to consider affordable housing when choosing where to live in Mumbai.
Average cost of 2 BHK apartments in Mira Road starts from Rs. 97 lakhs.
Vikhroli
The real estate industry has an excellent social infrastructure, including banks, schools, colleges, amusement parks, and commercial enterprises, because of which the real estate industry is known as Vikhroli. It is one of the most affordable places in Mumbai since it is only a short commute. Excellent transportation links exist in Vikhroli. The primary streets that link to Vikhroli are Lal Bahadur Shastri Road, Agra Road, and the Eastern Express Highway. Swimming pools, spas, luxurious restaurants, well-equipped gyms, gardens, and fine dining establishments have increased the demand for low budget flats in Navi Mumbai. People from the middle class are always on the lookout for low budget flats in Navi Mumbai.
Average cost of 2 BHK apartments in Vikhroli starts from Rs. 1.7 crores.
Conclusion
Do you want to purchase a home in Mumbai? With the Pradhan Mantri home loan, you won’t have to give up your goals. You will get your preferred affordable housing scheme in Mumbai at low prices. Check Nobroker.in to find the best verified properties in Mumbai.
Comments on this Top 4 affordable areas for houses in Mumbai article are welcome
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