In Boisar, Mumbai, Affordability Increases Real Estate Investment
Boisar Mumbai Real Estate Investment- Boisar in Palghar, approximately 85 kilometres from Mira Road in Mumbai, is a developing micromarket within the Mumbai Metropolitan Area. Boisar draws residential demand from both renters and purchasers thanks to the local industries. Buyers looking to invest in real estate in Boisar might choose a number of reasonably priced possibilities that offer notable returns. This blog examines the local property market and pricing trends.
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Boisar, an industrial centre currently under the Palghar Municipal Council (PMC), was formerly a part of the Thane district. The largest Maharashtra Industrial Development Corporation (MIDC) establishment is located in this Mumbai satellite town. Its potential for investment is predicted to surge due to forthcoming improvements that aimed at strengthening the locality’s connectivity with sections of Mumbai. These are the main arguments in favour of your investment decision in Boisar, if you choose to make one.
Affordable inventory
Boisar is essentially a mid-segment neighbourhood, with over 80% of the available real estate being residential units. The majority of the remaining apartments are 2 BHK units. With 1 BHK units accounting for almost 60% of the total. In the last three years, the cost of real estate in the area has climbed by almost 5%, to 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 mention a few, in addition to stock from local developers like Om Developers Palghar, Shree Ostwal Builders, and BR Housing.
Boisar has grown to be a popular rental choice as the tenant population has benefited from good connectivity throughout the region. More than 75% of the units rent for less than Rs 10,000 a month. Due to the concentration of demand in 1 BHK apartments, investors can expect a respectable 4% yearly rental yield in this area.
Smooth connectivity
It goes without saying that Boisar’s industrial standing benefits the inhabitants. Who have access to major thoroughfares such as the Navapur Road, the Boisar-Palghar Road, and Boisar Road, among others. In addition, Brihanmumbai Electricity Supply and Transport Undertaking (BEST) buses and a dedicated train station on the Western Line of the Mumbai Suburban Rail Network service the area. Unfortunately, people who travel regularly by plane may find the Mumbai International Airport. Which is more than 100 km away, to be a hardship. Nevertheless, the idea to build a third airport in the area at Palghar may make life easier for the locals and increase the value of homes.
There have been ongoing efforts to provide the seamless connectivity that is necessary for an industrial zone. Boisar will benefit from increased interstate road connectivity since the Delhi-Mumbai Motorway is anticipated to pass through the district, as well as a station on the Mumbai-Ahmedabad high-speed rail track.
A social infrastructure in place
Boisar offers all the conveniences needed for a comfortable lifestyle. The region offers job opportunities due to its more than 1500 industrial units that produce steel, plastic, & polyvinyl chloride (PVC) products, among other products. Tarapur Atomic Power Station (TAPS), the nation’s first nuclear power plant, is located there as well.
Social amenities close to Maharashtra’s Boisar
| Commercial hubs | Educational institutions | Healthcare facilities | Recreational options |
| Boisar MIDC | Tarapur Vidya Mandir & College, SAS Institute of Management Studies, Don Bosco School | Boisar Nursing Home, Saileela Hospital, and Anand Hospital | Lions Club Children Park, Asava Fort, and Chitralaya Market |
The micro-market is three km from shopping centres, medical services, and educational institutions. The area has a number of parks and tourist destinations for relaxation. Including Kaldurg Fort, Nandgaon Beach, and Asava Fort, to mention a few.
Boisar Mumbai Real Estate Investment, Although Boisar is a self-sufficient ecosystem within Palghar, locals frequently lament the bad roads. Inadequate water supplies, and air quality caused by the industry. Nonetheless, the proposal to establish Boisar as a hub for economic growth under the Mumbai Metropolitan Region Development Authority might significantly enhance the community’s public facilities. Hence stimulating demand in the local real estate market.
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