Real estate investment in Mumbai’s Boisar is boosted by affordability
Investment in Boisar : Boisar in Palghar is a developing micro-market of the Mumbai Metropolitan Area, located about 85 kilometres from Mira Road close to Mumbai. Boisar draws residential demand from both renters and purchasers thanks to the local industries. With a variety of cheap possibilities, buyers may want to think about investing in real estate in Boisar to get notable profits.
Boisar, which is currently a part of the Palghar Municipal Council (PMC), was formerly a part of the Thane district. It is a satellite town of Mumbai and home to the largest Maharashtra Industrial Development Corporation (MIDC) establishment. Its investment potential is anticipated to surge as a result of planned construction projects aimed at enhancing the neighborhood’s connectivity with certain areas of Mumbai. Hence, if you’re thinking of investing in Boisar, these are the best justifications for doing so.
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In Boisar, which is largely a mid-segment location, residential units account for over 80% of the available stock. Over 60% of the apartments are 1 BHK units, with 2 BHK apartments making up the majority of the remaining apartments. The cost of real estate in the area has climbed by almost 5% over the last three years, and it is currently priced at about Rs 3,200 per square foot. The region has drawn interest from well-known companies like Tata Housing Development Company, Mahindra Lifespaces, and Cosmos Group, to name a few, in addition to stock by locally based developers like Om Developers Palghar, Shree Ostwal Builders, and BR Housing.
Due to improved connectivity throughout the suburb, Boisar has grown to be a popular rental destination. Around 75% of the units, rent for less than Rs 10,000 per month. With the biggest demand centred on 1 BHK units. The locality generates a decent four percent yearly rental yield for investors.
Investment in Boisar
Needless to add, Boisar’s industrial status is favourable to the inhabitants here as they receive access to arterial links like the Boisar-Palghar Road, Boisar Road, and Navapur Road, to name a few. Moreover, Brihanmumbai Electricity Supply and Transport Undertaking (BEST) buses and a dedicated railway station on the Western Line of the Mumbai Suburban Rail Network service the area. Yet, the idea to build a third airport in the area at Palghar may bring ease to the people and assist the house prices fly up further. Sadly, the Mumbai International Airport is almost 100 km away and can be a problem for individuals who travel regularly via flight.
There have been plans to expand connection in the industrial zone because it is constantly needed. Due to the projected construction of the Delhi-Mumbai Expressway. Boisar will have a station on the Mumbai-Ahmedabad high-speed rail line and improved interstate road access.
Built-up social infrastructure
Boisar is equipped with all the conveniences needed for a comfortable lifestyle. The region promotes employment thanks to its over 1500 industrial facilities that produce goods made of polyvinyl chloride (PVC), plastic, steel, and other materials. The Tarapur Atomic Power Plant, the nation’s first nuclear power plant, is also located there (TAPS).
Investment in Boisar
Social services close to Boisar, Maharashtra
|Commercial hubs||Educational institutions||Healthcare facilities||Recreational options|
|Boisar MIDC||Don Bosco School, SAS Institute of Management Studies, Tarapur Vidya Mandir & CollegeÊ||Saileela Hospital, Boisar Nursing Home, Anand Hospital||Asava Fort, Chitralaya Market, Lions Club Children Park|
Within a three-kilometer radius of the micromarket are hospitals, schools, and commercial centres. The area has a number of parks and tourist destinations. Including, to name a few, Kaldurg Fort, Asava Fort, and Nandgaon Beach.
Although the Boisar environment in Palghar is self-sufficient, locals frequently lament the poor road conditions, polluted air, and inadequate water supply. The Mumbai Metropolitan Area Development Authority’s intention to develop Boisar as a centre of economic growth. However, might significantly improve the community’s municipal facilities, which would then increase demand in the local real estate market.
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