Why Should You Invest In Mumbai’s Bevarly Park?
Bevarly Park is a growing neighbourhood in Mumbai that will soon have metro access and is close to commercial areas. A confluence of highways, railroads, and well-established social & retail infrastructure are helping the micromarket, which is booming with housing possibilities, to grow. If you want to make an investment in Bevarly Park, look at the numerous property options and pricing trends in the area!
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Mumbai has a reputation for having the most expensive real estate in the nation and is a haven for investors. But given the city’s increasingly diminishing housing supply and exorbitant real estate costs, purchasers’ focus has turned to the areas near Mumbai. One such micro-market that has all the amenities you could possibly need is Bevarly Park, which is located in the area beyond Mira Road. Here is a download on the area if you want to invest in Bevarly Park because of the projected connecting channels, which will increase the potential for real estate to grow in the area.
Rising demand for housing
Bevarly Park’s residential market is dotted with several ready-to-move apartments, with about equal numbers of flats set up as 1 BHK and 2 BHK units, which together account for more than 95% of the property type. Almost 90% of the residences are priced between Rs 50 lakh and Rs 1 crore, with the remaining 5% priced up to Rs 50 lakh.
In the last five years, prices in the neighbourhood have increased by more than 20%, and they currently cost roughly Rs 10,000 per square foot. Residential stock is available here from developers such Raj Realty Group, Rashmi Housing, & Origin Realtors LLP, among others.
For the rental market of Bevarly Park, proximity to the Mira Road Maharashtra Industrial Development Corporation (MIDC) is promising. It is mainly centred on 2 BHK flats, which bring in between Rs 15,000 and 25,000 per month and have a respectable yearly rental yield of 3%.
Continuous connections
The National Highway (NH)-48, Ghodbunder Road, & Western Express Highway, among others, connect Bevarly Park to other areas of Mumbai. The residents of this area have access to buses provided by the Mira-Bhayandar Municipal Transport (MBMT) & Brihanmumbai Electricity Supply & Transport (BEST) Undertaking in addition to readily available auto-rickshaws and taxis. Within a four-kilometer radius, there are also two railway stations that service the area: Mira Road & Bhayandar on the Mumbai Suburban Railways’ Western Line. The distance from the location to the Mumbai International Airport is only about 25 kilometres.
The Mira Road MIDC is the area’s employment zone; although locals also use the Western Express Highway to access the commercial centres of Lower Parel and Bandra-Kurla Complex (BKC). However, during rush hour, commuters grumble about traffic congestion.
The development of Pandhurang Wadi Metro Station on the future Red Line 9 extension from Dahisar East to Mira Bhayander and the stream bridge between Bhayander West and Vasai West are both intended to improve connectivity, which is a crucial component of the locality’s expansion. Beverly Park is also anticipated to gain from the Mumbai Metro’s proposed Line 13, which will connect the Mira Road and Virar Metro lines.
Social & retail infrastructure that is established
The Bevarly Park micromarket boasts of all the components needed for a comfortable lifestyle. The neighbourhood offers shopping centres that provide daily necessities, while hospitals and pharmacies are easily accessible within five kilometres. In addition, the close proximity of schools and institutions lessens the need for city travel. Within two kilometres of the multicultural micromarket are parks and gardens that provide nearby residents with recreational opportunities.
Social services at Mumbai’s Bevarly Park
Bevarly Park, while being a connected and self-sufficient neighbourhood overall, suffers from water logging on Mira Road during the monsoon season. Additionally, there have been complaints about the condition of the Santacruz and Mira Road East linking roads, particularly from drivers.
Bevarly Park has generally had some expansion throughout the years, which has inspired investors to buy real estate there. Before making a decision, it is best to conduct a complete market analysis.
| Commercial hubs | Educational institutions | Healthcare facilities | Recreational options |
| Mira Road MIDC | RBK School | Galaxy Hospital | Ghodbunder FortÊ |
| Lower Parel | Bright International School | Global Multispeciality Hospital | Rassaz Shopping Mall |
| Bandra Kurla Complex | Santhome School | Shree Multispeciality Hospital | Ramdev Park Garden |
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