Mumbai’s Affordable Housing Areas : While Mumbai is one of the most expensive cities in India, areas such as Kandivali, Borivali, and Vikhroli are still relatively affordable, despite the abundance of amenities nearby. These are among the top five affordable housing localities in Mumbai, with property prices starting around Rs 16,000/ sq ft. Continue reading to learn more about these promising real estate markets!

Mumbai is well-known for its opulent lifestyle and high living costs. However, it is not difficult to find a place that is both affordable and close to numerous amenities. The Mumbai Suburban Railways’ seamless connectivity allows for cost-effective travel, and the Mumbai Metro’s soon-to-be-operational Line 2A will add to the convenience.

Thus, navimumbaihouses.com Has compiled a list of the top five affordable housing localities in Mumbai based on the ease of living, public transportation, and cost-effective home values so that you do not burn a hole in your pocket.

Are you looking flat for sale in Mumbai?

Kandivali (East), Mumbai

The average property price is Rs 18,700 per square foot.

Kandivali (East) is close to the Akurli Industrial Estate and the Seepz Special Economic Zone (16 kilometres). Which keeps rental demand high. It is a mid-segment neighbourhood with 2 BHK residential apartments that rent for around Rs 22,000 per month. It is only two kilometres from the Poisar Metro Station on the (Dahisar East-CSMIA International) Metro Line 7 and six kilometres from the Kandivali Railway Station on the Mumbai Suburban Railways’ Western Line. providing easy access to all of Mumbai’s prime areas

Furthermore, the area is well-liked by residents because it is home to a number of reputable hospitals and schools, including DNA Multispecialty Hospital, Aditi Hospital, Cambridge School, and Gundecha Education Academy. After a six percent increase in the last three years. Buy rates in the neighbourhood are now around Rs 18,700 per sq ft.

To explore properties in Kandivali (East), Mumbai, click here

Buy Now

Mumbai’s Affordable Housing Areas : Kandivali (West), Mumbai

Average property price- Rs 18,500 per sq ft

Kandivali (West) is a Mumbai residential neighbourhood with plenty of 1 BHK and 2 BHK ready-to-move apartments in the mid-income range. The proximity to Charkop Industrial Estate and the commercial hub of Andheri (East) at about 13 kilometres drives the local housing demand. Furthermore, the under-construction Valnai Metro Station on the Dahisar East-DN Nagar Metro Line in Kandivali (West), as well as the ongoing construction of a Coastal Road, have increased property values here by nearly 5% in the last year. Residents may be bothered by the increased pollution levels caused by ongoing construction.

The area has a four percent annual rental yield. With monthly rents ranging between Rs 21,000 and Rs 54,000 depending on the apartment type.

To explore properties in Kandivali (West), Mumbai, click here

Mumbai’s Affordable Housing Areas : Kurla (East), Mumbai

Average property price- Rs 16,000 per sq ft

Kurla (East) in Mumbai has a diverse population ranging from the upper to the middle classes. The Kurla Railway Station on the Mumbai Suburban Railway Network’s Harbour and Central Lines connects the area to the rest of the city. Ghatkopar Station on the Mumbai Metro’s Blue Line 1 is also the nearest metro station (4 km). Kurla’s optimal connectivity. As well as its proximity to the commercial hubs of the Bandra-Kurla Complex and the Marol MIDC Industrial Area (about 4-10 km), drives housing demand (East).

The majority of the apartments here are move-in ready, with the majority being 1 BHK units. Rentals in the area begin at Rs 27,000 per month, according to navimumbaihouses.com. Kurla (East) is less expensive than nearby Kurla (West), Bandra (East), Chembur, and Ghatkopar, where monthly rentals for a 1 BHK flat average around Rs 30,000.

To explore properties in Kurla (East), Mumbai, click here

Buy Now

Mumbai’s Affordable Housing Areas : Borivali (West), Mumbai

Average property price- Rs 17,300 per sq ft

The housing hub in Borivali (West) provides upper-middle-income residential apartments. Monthly rentals and property rates for a 2 BHK unit are around Rs 17,300 per sq ft and Rs 33,400, respectively. The Western Suburban Railway Line connects the area to the rest of Mumbai. Furthermore, the Chhatrapati Shivaji Maharaj International Airport is about 20 kilometres away.

Major employment centres such as Nirlon Knowledge Park. Nesco IT Park, and Infinity IT Park are all within 15 kilometres of Borivali West. And the presence of numerous malls and retail hubs makes it a popular residential area. “The availability of cabs, autos, and buses allows for easy access to shopping malls. Hospitals, schools, banks, and parks within a three-kilometer radius,”

To explore properties in Borivali (West), Mumbai, click here

Buy Now

Mumbai’s Affordable Housing Areas : Vikhroli (West), Mumbai

Average property price- Rs 18,400 per sq ft

Vikhroli (West), located 7-8 kilometres from the primary business district of Bandra-Kurla Complex (BKC) and the Marol MIDC Industrial Area in Andheri (East), has an abundance of 1 BHK and 2 BHK residential options. According to navimumbaihouses.com, nearly 40% of the homes in Vikhroli (West) are priced between Rs 50 lakh and Rs 1.5 crore. However, average buy rates in the area are much lower than in Vikhroli (East), Powai, and Ghatkopar, which hover around 19,500 per sq ft. The neighbourhood, which is well-connected via Vikhroli Railway Station on the Central Line of the Mumbai Suburban Railway network. Saw a YoY increase in home values of more than 10%. The monthly rent in the area begins at Rs 29,000.

To explore properties in Vikhroli (West), Mumbai, click here

Buy Now

You’re looking for Buy Home In Navi Mumbai we have the Best Buy Properties In Navi Mumbai Like Ready to Move & Nearby possession: https://navimumbaihouses.com/property/search/buy/navi-mumbai-all/

If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter