5 Reasons Why Vasai East Is Booming as an Affordable Residential Hub

A developing suburban in the Palghar district, Vasai East, hosts a population of over 4.3 lakh residents in an area estimated to be 44.08 sq. km. Some of its MMR neighbouring localities include Vasai West, Naingaon East, and Nalasopara (East and West). A developing area in the northern outskirts of Mumbai, the neighbourhood offers many affordable housing options, great connectivity, and social infrastructure. It is also a known tourist spot for its religious and lush green sites, such as the Vajreshwari Temple, Padmashree Siddha Yogapeth, Amar Land Wonder Park, and Amar Park. 

Nonetheless, this blog will look at factors that make flats in Vasai East so affordable and their growing demand. 

1. Offering great commuting services
Located on the western railway line, Vasai East serves as a major junction for long-distance trains. The Vasai Railway Station eases the transportation to localities such as Virar and Churchgate. The Satvali Road connects the Palghar suburban with the NH-48, helping commute to prominent areas of Mumbai apart from the Western Express Highway. Upcoming projects include MMR Ring Road, DMIC, Bullet Train, and Metro. 

2. Proximity to employment-generating hubs
Vasai East is home to several small and medium-sized industrial entities. Companies from various sectors, including food processing, electrical equipment, water purification, and metal fabrication, have their manufacturing set up in the MMR, such as Barcom Industries, Benz Electricals and Electronics, and Quality T Shirt manufacturers. The western railway line helps the locality connect to commercial hubs of Mumbai, such as Andheri, Goregaon, Malad, and BKC. 

3. Affordable housing options
The current price per sq. foot in Vasai East stands at ₹5,533, with rental rates between ₹937-₹12,080. The Palghar district has witnessed an appreciation of an estimated 8.90% in its properties this year, with top developers like Lodha having exciting projects in the pipeline, starting at ₹25.5 lakhs. Other benefits of residing in the area include a low cost of living and rental rates. 

4. Social infrastructure
Vasai East offers good social infrastructure, whether it be schools, colleges, medical centres, banking facilities, or recreation centres, some examples being the following. The area has all the basic amenities required for a comfortable living, including hospitals, supermarkets, banks, and restaurants.
Schools and Colleges

• Carmelite Convent English High School
• Sheth Vidya Mandir English High School
• Junior College of Science and Commerce
• Trinity High School & Junior College Of Science, Commerce & Arts
• St. Francis High School

Medical Centres

• Astha Hospital
• Platinum Hospital
• Golden Park Hospital
• Platinum Hospital
• Alliance Hospital

Banking Facilities 

• Oriental Bank Of Commerce ATM
• Vijaya Bank ATM
• ICICI BANK ATM
• Vinayak Plaza Bank Of Baroda ATM

Recreation Facilities

• Dubey Estate Shopping Centre
• Carnival Cinemas
• Magnet Mall
• Viva Swastik Mall
• Dattani Square Mall
• Treebo Trend De Grandeur Hotel And Banquets
• The Byke Suraj Plaza Pure Veg Hotel
• Hotel Imperial Mumbai
• Hotel Royal Hills

5. Upcoming infrastructure developments

As Vasai East continues to experience an increase in people inflow, several infrastructure developments are taking place in the MMR, some of which are the following.

• The connection of Sativali road to the Golden Quadrilateral road is getting a flyover.
• The building of footpaths on Vasai Mabali road proved to be a lifer for pedestrians.
• The commercial projects are taking off in Ever Shine City.
• The construction of a Public Library near Vasai Railway Station.
• The renovation of the foot-over bridge at Vasai Railway Station. 

Are you still needing help navigating your way in investing in Vasai East? Blox has you covered, aiding your home-buying process in 7 clicks. Nevertheless, let's look at some properties offering luxury living. 

• Lodha Dream Heights: Situated on Vasai East Salt Plant, the premium developers are offering 1 BHK flats, starting at ₹25.5 Lacs, with a RERA registered carpet area between 268-585 sq. ft. Some of its amenities are a luxurious clubhouse, large green areas, rainwater harvesting, and 24x7 CCTV surveillance.
• Agarwal Exotica: Located in Yashwant Smart City, the residential housing offers 1,2 and 3 BHK flats, starting at ₹35.45 lakhs, with a RERA registered carpet area between 359-704 sq. ft. The property offers its residents a gymnasium, tennis court, badminton court, gymnasium, and kids playing area. 
• Sterling Heights: With its address reading Yashwant Smart City, opposite Evershine City, Sterling Heights offers 1 and 2 BHK flats, starting at ₹29.4 lakhs, with a RERA registered carpet area between 424-660 sq. ft. The upcoming housing project will offer indoor games, a kid's playing room, a gymnasium, and tight 24x7 security with CCTV surveillance.

Conclusion

Undoubtedly, the affordability factor greatly favours Vasai East’s real estate sector. Improving social infrastructure and employment opportunities has only increased the demand for housing. Hence, the developing suburban will continue to achieve leaps and bounds as time passes. Hopefully, the above blog has provided you with sufficient reasons to believe in the growing influence of Vasai East in the residential real estate market.