Rate Of Ready Reckoner In Borivali, Mumbai
One of the most sought-after areas in the western suburbs for investments is Borivali. Borivali is a well-known place in the city’s western outskirts. The area is divided into Borivali (East) & Borivali (West) by the Western Railway Line. A collection of tiny towns, including Eksar, Poisar, Vazira, Shimpoli, Mandpeshwar, Dattapada, Kanheri, Tulsi, Magathane, and Gorai, came together to form this area. It is thought that the Marathi fruit “Bor,” which translates to “berries” in English, is the source of the suburb’s name. Here, the fruit is abundantly growing.
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What is circle rate?
The state government sets a circle rate below which a property cannot be registered. Around the nation, it is referred to by a variety of names, including annual statement of rate, recommendations value, ready reckoner rate, and so forth. It is referred to as the yearly statement rate or the ready reckoner rate in Maharashtra.
What is the annual statement rate check process?
By visiting the IGR Maharashtra portal, you are able to find out the yearly statement rate for a certain location, such as Borivali.
- Select e-ASR by clicking below the stamps section
- On the e-ASR 1.9 version, click. You’ll arrive at map:
Click Mumbai Upnagar and choose Borivali village as the location. As an example, Aarey (Borivali) and move forward.
The annual statement of rates for open land, residential areas, offices, stores, and industrial sectors can be accesses at Aarey.
Circle rates in Borivali – offices, shops
| Locality | Rates per square meter |
| Borivali (East) | Rs 1,42,000- 2,43,000/ 65,800 -3,02,000 |
Borivali circle rates for residential properties (apartments & flats)
| Locality | Rates per sqm |
| Borivali (East) | Rs 52,800 – 1,18,000 |
Circle rates in Borivali – offices, shops
| Locality | Rates per sq m |
| Borivali (West) | Rs 1,15,000 – 1,44,000/1,38,000 – 2,05,000 |
Borivali circle rates for residential properties (apartments & flats)
| Locality | Rates per sqm |
| Borivali (East) | Rs 95,300 – 1,18,000 |
Borivali: About the location
The following places are close to Borivali (East): Asara Colony, Ambabari, Sukarwadi, Magathane, Nancy Colony, Devipada, Abhinav Nagar, Ovari Pada, Chinchpada, Dattapada, Jai Jawan Nagar, and Magathane.
MHB Colony, Yogi Nagar, Ashtavinayak Nagar, Ashok Nagar, Vazira Naka, Gorai, and Eksar are the areas close to Borivali (West).
Reputable educational institutions can be found in Borivali, including Junior College, ISMT Business School, St. Rocks College of Commerce and Science, Municipal School, St. John’s School, Seth MK High School, and Gokhale College. This area is home to several hospitals, including Ankit Hospital, Parmar Hospital, Shatabdi Hospital, Narendra Hospital, Metro Polis Hospital, Crystal Hospital, etc.
Famous Places in Borivali
Borivali is home to several notable sites, such as the Sanjay Gandhi National Park, the Kanheri Caves, the Mandapeshwar Caves, etc. The earliest theme park in India, Essel World, was located in this region before it was forced to close due to the COVID-19 outbreak.
Borivali: Connectivity
Borivali has excellent train and road connections to other areas of Mumbai. This location is connected to Churchgate in south Mumbai by the Borivali train Station, which serves as both an originating and terminating train station. Some of the outstation trains also stop here. Borivali is about 15 kilometres away from the Mumbai Chhatrapati Shivaji Maharaj International Airport.
In terms of infrastructure development, work is now underway on the Goregaon Mulund Link Road (GMLR). Per the concept, the BMC is building two subterranean tunnels that will pass around 4.7 kilometres beneath Sanjay Gandhi National Park (SGNP). The GMLR, which is expected to link the Eastern and Western motorways by 2025, will significantly shorten the time it takes to get from Goregaon to Mulund.
Cost of homes in Borivali East
The average cost of an apartment in Borivali (East) is reported to be Rs 18,733, with prices ranging from Rs 5,454 to Rs 35,263 per square foot. In case you’re in the market to rent a property, the average rent in this area is Rs 55,536, with rent ranging from Rs 8,500 to Rs 2,00,000.
The cost of homes in Borivali (West)
The average cost to purchase an apartment in Borivali (West) is reported to be Rs 20,875, with prices ranging from Rs 5,600 to Rs 35,953 per square foot. If you’re in the market to rent a property, the average rent in this area is Rs 40,215, and prices range from Rs 9,000 to Rs 1, 00,000.
Why should you invest in Borivali?
Borivali, one of the oldest neighbourhoods in Mumbai, is a great place to be because of its well-developed infrastructure and convenient transport. The Devipada Metro Station, the most recent addition, improves connectivity even more. The majority of developments in Borivali, a wealthy neighbourhood with the ideal balance of peace and bustle, fall into the mid-luxury & premium-luxury categories. The principal features are innovation and high-quality construction because this is where the elite developers have their projects. But because of site limits, most buyers settle for projects in buildings that have been sold or redeveloped.
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