Mumbai has always been a sought after real estate destinations in the country. Its cosmopolitan charm and status as the commercial capital of India has translated into a vast and prolific housing market. However, as the country reeled under downward pressure, many markets in Mumbai also suffered. Prices in many major markets in Mumbai were already very high and hence a softening in sentiments eventually resulted into price corrections.
But once again in 2018, as markets in India have started to rally ahead, many micro markets in Mumbai are once again becoming flavor of the season. One such micro-markets is the Borivali-Dahisar stretch located on the Western suburbs (Precisely North West of Mumbai).
Borivali is located about 18 kilometres from Mumbai Airport. It has emerged as one of the major neighbourhoods of Mumbai. There are a plethora of social amenities in the area including hospitals, schools, parks,colleges, cafes, restaurants,and shopping malls. The lovely area is known for its green neighbourhood with gardens at almost every block- a luxury in a metropolis like Mumbai. The suburb in Mumbai has the Sanjay Gandhi National Park in the east and mangrove forests in Gorai, in the west. The Dahisar river and Poisar river pass through the area which makes it further enchanting.
Dahisar, which is further North of Borivalli and can be reached in few minutes (via the locals) has scenic hills on the eastern side and Manori creeks and saltpans on the western side. It was once a favorite choice of nature lovers to settle down due to small hills, dense mangroves, orchards and the famous Dahisar River. (However, thanks to unprecedented rate of urbanization and industrialization in the past few years, the area does not hold the same repute.)
This stretch is going transformation with the efforts of the government towards decongestion of traffic and regulations over other illegal activities. As flyovers are being built over the Western Express Highway and metro lines constructed over link road; traffic will be regulated leading to a better connectivity through SV Road, Link Road, Western Express Highway,and Suburban Rail Network. Moreover, the area is in proximity with workplaces across Mira Road, Kandivali, Malad, Goregaon, Jogeshwari, and Andheri, thus making it a suitable choice for working people. There are also numerous other employment hubs in the region including Mindspace IT Park, Nirlon Knowledge Park, Techno Park and SEEPZ.
There has been an increase in prices of property in Borivali and Dahisar due to the rising demand. The localities are good investment bets as prices are expected to go up even more in the next few years. Major developers are coming into the region. Prices of a 2 BHK starts somewhere at ~ 1.7 Crores and can go much higher. Due to rising demand for affordable projects along with growing volume of millennial and young buyers, the region is also witnessing a lot of new launches comprising of smaller units such as studios and 1 BHK. A one BHK (350 – 450 Sq. Ft.) in the region will cost around 55- 70 Lacs.
