Virar has transformed into a cosmopolitan city. A number of real estate developers are coming up with residential as well as commercial properties in this part of Mumbai.
Property in Virar West has grown in popularity as this area is accessible from Mumbai through the Western Express Highway. Not just roadways but railway connectivity is also good in the city. Virar railway station and metro rail helps people avoid the daily traffic on roads during peak hours. This location is developing in terms of infrastructure and entertainment hotspots, pushing the demand for real estate.
Power and water supply in the western part is good and its connectivity to areas such as Borivali, Thane, Mira Road, Kandivali and Andheri also makes it a sought-after location for property investment. The western railways line has played an important role in driving the demand for residential projects in Virar West as well as East.
Many prominent developers are launching exciting residential projects in this area. If you are planning to buy a flat in a multi-storey building in this location, you will have to shell around 4700 INR per square feet. In June 2013, return on investment for Virar properties increased by 6%. According to property rates of 2013, rental price for a commercial space in this city is around 6500 to 8000 per square feet. These rates can vary on the basis of location.
The Vasai-Virar belt is growing fast in terms of residential and commercial properties. It is the 5th largest city in the state of Maharashtra. This area has been taken under the Urban Infrastructure Development Scheme for satellite town. It is the only city in Maharashtra that has been taken under this scheme. This belt has strong growth potential. According to property experts, in the years to come, Vasai-Virar will witness a boom in real estate development.
Real Estate Developers 