Developing Housing Hotspots Around Palghar
The Mumbai Metropolitan Area has a sizable cheap housing sector. Localities like Palghar are well known for its affordable options, connectivity, and social infrastructure. But investors are diverting their attention to more reasonably priced places as land prices in Palghar’s central districts rise in order to earn larger profits. identifies five upcoming locations for housing close to Palghar! For many, it may be a dream to purchase a home in the Mumbai Metropolitan Area (MMR) on a tight budget. Yet, it’s noteworthy to note that a large number of new regions have popped up as less expensive alternatives while housing values in Mumbai have been rising and land parcels are running out.
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One such neighbourhood that is close to Mumbai & provides accommodation at reasonable prices is Palghar. In 2014, it was established as a district, and the Mumbai Metropolitan Area later included it (MMR). The major city in the district and the district’s administrative centre is Palghar, which has attracted the most interest from investors in the area. However, as the cost of living in the city increased, a number of neighbouring areas, like Manor, Boisar, & Dahanu, near Palghar, rose to prominence due to their growing infrastructure, burgeoning industries, and rich cultural legacy.
Aside from allowing customers to create residences that suit their demands, comfort level, and financial constraints, purchasing land parcels or plots in Palghar also gives them the freedom to go beyond predetermined floor plans. Such flexibility is advantageous because Mumbai’s central metropolitan neighbourhoods offer few options for house customization. Tourists also flock to these places for their favourable weather, lush surroundings, & low pollution levels. Here are the top five housing hotspots if you’re looking to spend less on property or an apartment close to Palghar.
Famous investment destinations around Palghar
Boisar
Boisar is the next location on the list that has been experiencing an increase in housing demand because it is home to the Tarapur Atomic Power Plant. The largest Industrial Development Corporation (MIDC) in Maharashtra is based there, which has increased demand for housing. In this industrial zone, there are now over 1,500 functioning industrial units. Boisar is also advantageously situated halfway between South Gujarat’s industrial zones and Mumbai’s financial district. A map of the Delhi-Mumbai Industrial Corridor also shows it there (DMIC). Also, as more trains are planned for Dahanu, which is close to Boisar, the expansion of the suburban rail network is anticipated to improve connectivity in Boisar. Apartments in Boisar come in 1 BHK, 2 BHK, and 3 BHK sizes, with costs per square foot ranging around Rs 3,500.
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Manor
Manor is located about 20 kilometres from Palghar city and 90 kilometres from Mumbai. It is close to the Boisar industrial town and situated along the Mumbai-Ahmedabad National Highway. With National Highway 160A, Nashik, the third-largest city in Maharashtra, is also well connected.
Also, it is a popular location for second homes for people who want to get away from the smog and traffic of big cities. Manor is a well-known tourist destination and is surround by natural greenery along the banks of the Vaitarna River. It is also where Manor Dam, a well-known water conservation project, is located. Other recreational locations include Kelva Beach, Devkop Lake, and Vandri Lake. For those wishing to spend some real beach time, Kelva Beach is only a 30-minute drive away.
Several real estate investors have been drawn to Manor by the variety of recreational opportunities and big land tracts that are available. Moreover, Manor has plenty of developable plots & independent homes at reasonable prices, as land is now in short supply in MMR. Investor interest in Manor is influenced by a number of variables, including low ticket sizes, expanding infrastructure, as well as the presence of reputable developers like Godrej Properties, NMT Realty, and Riddhi Siddhi Developers.
A number of forthcoming infrastructural improvements are also anticipate to be advantageous for Manor. It is around 20 kilometres from the proposed Boisar Bullet Train stop. Access to Manor is also anticipated to be improved by the Mumbai-Vadodara Expressway & Mumbai-Kandivali Road, both of which are currently under construction.
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Dahanu
Dahanu is a seaside community. This location makes for a beautiful vacation destination thanks to the Arabian Sea on one side as well as the Sahyadri Range Mountains on the other.
The Western Line of the Mumbai Suburban Rail network now offers local trains from Church Gate to Dahanu, improving the area’s accessibility to public transportation. It is also where a thermal power plant that provides electricity to Mumbai is located. The fruit and horticultural industries of Dahanu are well known. One of the largest producers of Chikoo fruit in the nation is it. Fruit trees surround Dahanu, providing residents with a green escape from the crowded streets of Mumbai & Thane. The Dahanu port is also planning to construct a new shipping terminal, which could boost local real estate in the future. The average price of a home in Dahanu is Rs 5,000 per square foot, with the most common configurations being 1 and 2 bedrooms.
Wada
Taluka Wada or Vada is in the Palghar district. The demand for residential real estate has been impact by the arrival of new industries in this region. It has direct connections to the Thane and Bhiwandi industrial hubs. Good investment returns will be possible thanks to the anticipated infrastructure and industrial developments, such Priyadarshini Cooperative Limited Industrial Colony. The State Highways 76 & 35 are connected to this city. The closest railroad station is Atgaon Railway Station. By the Vikramgad-Wada Road, Manor Road, Agari Ali Road, and Siddheswar Road, it is connect to the other areas of Palghar. Wada offers investors alternatives for 1 BHK, 2 BHK, and 3 BHK apartments. Around Rs 4,800 per square foot is what local real estate costs.
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Naigaon
The Western Express Highway, a significant thoroughfare linking several sections of Mumbai, runs through Naigaon. The most sought-after housing options in this area are 1 BHK homes that cost less than Rs 50 lakh. It is close to National Highway 48 and connected to Navghar village by the Versova Bridge. Due to its location halfway between Vasai and Mira Bhayander, it is also a favoured investment location. The social infrastructure in Naigaon is fairly advance, including a number of colleges and universities. The Mumbai Suburban Rail Network’s Naigaon Railway Station has frequent trains running through it as part of the public transportation system.
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Pricing trends for the most popular neighbourhoods near Palghar
| Areas | Average buy rate (per sq ft) | Average monthly rentals (2 BHK) |
| Dahanu | Rs 5,000 | Rs 12,000 |
| Wada | Rs 4,800 | Rs 11,000 |
| Manor | Rs 3,700 | Rs 8,000 |
| Naigaon (East) | Rs 6,900 | Rs 14,000 |
Other micro-markets on the investors’ radar include Vasai–Virar, Nandore, and Mahim in addition to the areas mentioned above. Large land lots are hard to come by in Thane, Mumbai, and Navi Mumbai, which has increased demand there. However, it would be wise to speak with a real estate agent & research the neighbourhood before you sign a contract!
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