It is a universally acknowledged truth that owning a property in Mumbai is no child's play. There are still some areas in Mumbai where getting a home within Rs 20-50 lakhs budget is possible.
Where can you find?
According to MagicBricks.com research, a considerable size of the population belonging to the lower and lower-middle class is looking for properties in the Rs 20-50 lakh budget. To cater to this need, there has been a slight increase in property inventory in the current quarter. You can find properties within this budget in areas such as Nerul, Virar, Nallasopara and Mira Road.
According to MagicBricks.com research, a considerable size of the population belonging to the lower and lower-middle class is looking for properties in the Rs 20-50 lakh budget. To cater to this need, there has been a slight increase in property inventory in the current quarter. You can find properties within this budget in areas such as Nerul, Virar, Nallasopara and Mira Road.
What is available?
Nerul is popular among property buyers for its strategic location, close to commercial hubs such as Navi Mumbai, Belapur and Vashi.“Nerul is a planned township with good social infrastructure. Water supply is constant and the area is populated with food joints, recreation, open parks and libraries.
Buyers are interested in Nerul's real estate, as it assures them both, comfort and convenience of living,“ says Alnoor Imran, a local broker in Nerul, Kohinoor Properties. You can get a 1-BHK apartment in the price bracket of Rs 40-50 lakhs, sized 535-550 sq ft. If you can increase your budget up to Rs 55-60 lakhs, you can also get a 2-BHK sized 700-1000 sq ft. Virar, located in Thane dis trict, is part of the Vasai-Virar Municipal Corporation.
It has become a popular destination for buyers looking for affordable homes. People with a limited budget of Rs 20-50 lakhs, can find 1 and 2-BHK units in this locality . As per MagicBricks.com data, 1-BHK units with an average size of 570-1000 sq ft, are available within Rs 20-40 lakhs. Further, a 2-BHK apartment, sized 625-1100 sq ft, is available within Rs 23-50 lakhs.
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About us
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23
E-mail: mchithane@gmail.com
E-mail: mchithane@gmail.com
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