Airoli is one of the hidden gems in the Mumbai real estate bouquet. With real estate in Mumbai city reaching a plateau due to limited growth because of scarcity of land, the real estate growth is now spilling over the prominent suburbs of Mumbai and MMR region. Airoli which is located on the Thane-Turbhe-Vashi rail corridor connecting Thane to Navi Mumbai is one of the most promising real estate destinations attracting both buyers and investors. Here is a look at five reasons why you should consider investing in flats in Airoli region in the near future.
1: Good Connectivity: Airoli has good connectivity to not only Thane and Mulund but also all parts of the Mumbai MMR region. The Thane- Belapur highway connects Airoli to both Thane and Vashi while the Eastern Expressway running through Airoli connects it to all others areas of Mumbai MMR like Dronagiri, Ulwe, Karanjade and Kamothe. Good roads and well planned highways and freeways make Airoli stand out from other areas and offer a wonderful opportunity for investors to have a home amid the lush green mangroves at a stone throws distance from various cities.
2: Affordable Real Estate Prices: The real estate price in Airoli are affordable and however in the range of INR 8000-9000 per square feet on an average. The prices are substantially lower than other peripheral areas of Navi Mumbai including Mulund where the price range is between INR 10,000 to 14,000 and Bhandup where the prices range from INR 9,500 to 13,000 per square feet. So if you are looking for an affordable investment option, Airoli is right up there as a preferred investment destination.
3: Good Returns: The average real estate prices in Airoli which hovered in the range of INR 4000 to 4500 per square feet in 2008-09 have now witnessed an increase and reached the levels of INR 8000-9000 per square feet on an average. So if you are looking for good returns in a medium tenure period, Airoli fits the bill as the right investment destination.
4: Abundant Housing Projects: Unlike in the past where Airoli had limited projects from a handful of builders, Airoli today is having multiple projects from number of real estate developers. From affordable housing projects to premier upscale apartments, there any many builders offering multiple options to invest in Airoli.
5: Close Proximity to Commercial Centers: Major commercial centers like IT SEZ Raheja Mindspace, MIDC Tech Park, Patni Knowledge Park and industrial belt at Ghansoli amid many others are all located at close proximity to Airoli making it useful for working professionals working in these centers. Affordable housing at close proximity to their workplace makes Airoli a first preference for people working in these commercial centers.