5 Reasons Why Now Is The Time To Invest In a 2 BHK in Borivali West

Are you a prospective homebuyer looking to invest in one of the fastest-growing micro-markets in Mumbai? Borivali West should be on top of your list of locality choices.

The reverse migration of Mumbaikars from the old, established residential neighbourhoods to the growing, upscale western suburbs is a trend that is indicative of real estate growth in the city. Borivali West, in particular, is at the heart of this boom in demand. And this is the right time to go ahead and buy your dream home. Here are some reasons why Borivali West should be your top choice and why now is a good time to buy.

Borivali West – A Booming Real Estate Destination

There are several reasons why Borivali West is becoming increasingly popular among homebuyers in Mumbai. This neighbourhood checks all the boxes for the factors you may want in your new home.

• Connectivity – If you live in Borivali, you can get to nearly any part of Mumbai within minutes. The Western Express Highway and the New Link Road are some arterial roads that run through the neighbourhood and help residents reach emerging commercial hubs such as SEEPZ, Bandra Kurla Complex, Central Business District (CBD), Vikhroli etc. This area is serviced by Mumbai Metro Rail Line 7 and the Western Line of the suburban network.
• Development – The excellent infrastructure of this suburb has made it a favourite with developers and homebuyers. Upscale residential projects in the locale are complemented by torrid commercial development. With numerous office spaces and IT parks coming up, Borivali West is the investment destination to watch out for.
• Social Infrastructure – With world-class schools like CP Goenka International School and JBCN International School, hospitals like Apex Multi-Speciality Hospital and Lotus Hospital, and top-class restaurants and shopping centres, the neighbourhood is perfect for families and homeowners looking to invest here.
• Value for money – This neighbourhood offers excellent value for money. A 2 BHK in Borivali West may cost less than a 1 BHK in Andheri or Parel, and the residential projects come with a number of amenities, such as large green spaces, jogging tracks, fitness centres, green spaces, and swimming pools.

Why is now a good time to invest?

Realty demand is firmly linked to connectivity and infrastructure developments in any area. The following developmental work is ongoing, and once they are completed, property prices in Borivali West are set to increase.

1. The Yellow Line 2 A, which became operational last year, offers seamless connectivity between Dahisar and Oshiwara and will further be connected to Andheri West through the Pink and Blue lines.
2. The upcoming Coastal Road, which connects Kandivali to Marine Lines, will also likely reduce commute times by at least 45 minutes.
3. The Harbour Line of the suburban railway network, which runs up to Goregaon, is being extended to Borivali. Commuters from Borivali can get to Chhatrapati Shivaji Maharaj Terminus and Navi Mumbai without changing trains.
4. Work is set to commence on the Thane-Borivali six-lane twin tunnel project that will connect the east and west through an underground tunnel.
5. The Borivali-Kandivali corridor is one of the most popular choices for top-tier and budget developers in the city. Property prices in Borivali West have increased from an average of about INR 11000 per square foot to approximately INR 24000 per in the past few years. Following this trend, any investment's expected ROI or rental income is very attractive.
6. Buying a 2 BHK in Borivali West wil make you part of the suburb's growth story. Investing in a new project helps you grow with the community of residents.

Conclusion

When it comes to real estate, there is no perfect time to invest. Property prices in major cities like Mumbai, particularly in the suburbs, are on a spectacular uptrend. Buying a 2 BHK in Borivali West is a wise financial move because of the great potential of this neighbourhood. To make a good investment, it is important to partner with reputed developers. Use the technology-backed tools of Blox to gain access to verified listings from some of Mumbai’s most trusted developers. Talk to the Blox relationship manager about the different projects in this neighbourhood that suit your needs and requirements.