Navi Mumbai: Top five reasons for investing in Vashi
Vashi, one of Navi Mumbai’s well-developed nodes, is also quite a prominent residential suburb. The locality is designed by the City and Industrial Development Corporation (CIDCO) and offers state-of-the-art residential and commercial complexes along with well-maintained infrastructure. Here are some of the significant factors for investing in Vashi.
Catering for a variety of customer demands across a selection of deals in different price ranges, Vashi in Navi Mumbai is certainly on the list of long-term investors. New Upcoming Projects in Vashi with a well-maintained mode of transportation and sufficient social services, including well-equipped health centers and numerous shopping complexes, the area leaves no unturned stone to tempt prospective homebuyers. Vashi is also an ideal destination for the working population and a lucrative rental hub due to the presence of a large number of IT companies and massive job opportunities.
img1: New Upcoming Projects in Vashi Navi Mumbai
Why investment in Vashi?
Vashi is known to have one of the social infrastructures which are mostly planned and built. Using an association with various boards and universities, the locality brims with many international schools. Some of this locality’s renowned schools and colleges are St. Lawrence, IES Navi Mumbai High School, and International School at Avalon Heights. Not only this, but Vashi also houses some of the best general, super-specialty, and multi-specialty hospitals including among others Fortis Hiranandani, Apollo, and MGM New Bombay. The area also has a well-developed market, which includes many malls, shopping centers as well as retail and grocery stores. Inorbit and Raghuleela are amongst Vashi’s finest malls.
Connectivity in Vashi:
With an advanced road and rail network, Vashi is directly linked to Mumbai via all of Navi Mumbai’s major arterial roads, such as Palm Beach Road, Sion-Panvel Highway and Thane-Belapur Road. Under Construction Projects in Vashi a number of buses connecting Vashi to prime locations in Mumbai, Navi Mumbai, Kalyan, and Panvel are well-served for all these routes. Other than this, Vashi is linked to areas like Andheri and Nerul by the Harbour Line Railway Network. The locality is also linked via the Sion-Panvel Express Highway to the central suburbs such as Ghatkopar and Vikhroli and is also preferred due to its proximity to the International Airport via the Santacruz-Chembur Link Road and Mumbai Highway. Even Vashi has a dedicated railway station, just two kilometers away via Juhu Route.
img2: Under Construction Projects in Vashi
The industrial and commercial hub in Vashi:
Located in the heart of the city, Flats in Vashi has evolved into an industrial and commercial hub that houses several well-known IT Park companies such as Mahape IT Park, Dhirubhai Ambani Information City (DAKC), and MIDC Industrial Sector. A significant number of IT businesses have moved their base to Vashi due to the lower cost of operations. In this locality, Vishwaroop IT Park is yet another established commercial area, with notable occupants such as Orange and Huawei, IBM, ICICI Bank, and Eon Services.
Big selection of housing and pricing options:
Vashi’s housing options include condos, builder ground, residential houses in vashi and villas. Suresh Gupta, Director, Shiv Shakti Real Estate Agency, Navi Mumbai, avers, “Vashi has been gradually emerging as one of Navi Mumbai’s most sought after locations. This locality has many housing options. Some of the residential sectors in Vashi include sectors 12, 14, 16, 17, 28, and 59A. A 1 BHK unit here will usually cost between Rs 85 lakh and Rs 1.15 crore. Nevertheless, in areas like Sector 9 and 10, you can also get a 1 BHK unit up to Rs 50 lakh. As for rental rates, a 1 BHK flat is available in Vashi for Rs 18,000-Rs 25,000 per month.
Residential units in Vashi are priced at about Rs 11,000- 15,000 per sq ft according to data available with navimumbaihouses.com. Some of the applauded projects in Vashi include Neelsidhi Tower in Sector 12, Raheja Residence in Sector 14, and Arihant Sparsh in Sector 26.
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