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Buy Flat in Borivali West: An Investment For Ages

Author
Blox Social
Posted on
Aug 10, 2023
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Apart from Dahisar, Borivali is the northernmost of the Western Suburbs of Mumbai. While the neighbourhood has been on the radar of homebuyers and developers for several years, the demand for housing in this suburb has seen a phenomenal rise recently. The western part of Borivali, in particular, seems to be a preferred real estate investment micro market, and those who plan to buy a flat in Borivali West believe it is an asset that will give them incredible returns in the future.

Let's consider some of the reasons why this neighbourhood has become the favourite of Mumbai homebuyers.

The Connectivity Advantage

The most important factor that an average Mumbaikar considers when investing in a residential apartment or flat is the connectivity of the suburb. This is where Borivali scores over many other neighbourhoods. The Borivali West station connects the suburb to the Western Line of the suburban rail network. It offers seamless connectivity to Dahisar, Kandivali, Malad, Goregaon, Oshiwara, Jogeshwari, Andheri, Vile Parle, Santa Cruz, Khar, Bandra, Mahim, and most of south Mumbai. Line 7 of Mumbai Metro plugs Borivali West to the Dahisar- Mandale route. The Swami Vivekananda Road, which runs along the western fringe of the neighbourhood and the New Link Road offer excellent connectivity to many parts of this sprawling city. Easy access to the Western Express Highway in Borivali East further provides easy access to some of the busiest commercial centres in Mumbai.

Infrastructure Driving Real Estate Demand

Much of this demand for housing is driven by infrastructural development projects undertaken by the state government and the Brihanmumbai Municipal Corporation (BMC). Plans are underway to extend the 2A Yellow line of the metro services (currently connecting Dahisar and Oshiwara) to reach Andheri West. This will further reduce commute times from Borivali West. Similarly, the Harbour Line, which currently terminates at Goregaon, is being extended to Borivali. This means residents can reach CST (Chhatrapati Shivaji Maharaj Terminus) and Navi Mumbai without needing a change of trains. The upcoming Thane- Borivali six-lane project will further improve the connectivity of this suburb. The BMC has also embarked on repair, upgradation, and maintenance work on several flyovers, underpasses, and widening arterial roads in Borivali West.

A Better Lifestyle

The reverse migration of Mumbaikars from the established residential neighbourhoods of the south is indicative of a desire to live a better lifestyle and opt for a cleaner, greener environment. Borivali West seems perfect for such a change. The grand residential projects in the neighbourhood offer a number of amenities and facilities that are quite difficult in space-strapped South Mumbai. Walking or jogging tracks, swimming pools, gymnasiums, clubhouse facilities – these are some of the facilities you can expect when you buy a flat in Borivali West. 

A home in this flourishing and vibrant neighbourhood can also bring you the luxury of space. Borivali West is more affordable than Bandra, Juhu, Andheri, or Vile Parle. So, you can now afford the 3 BHK flat you have always wanted instead of a 1 BHK – a place for the family to spend wonderful times, for the children to grow up, and for you to spend a lifetime of joy and contentment.

ROI and Growth

If you are a real estate investor intent on building an impressive portfolio of residential apartments, Borivali West is the perfect destination for you. But if you are a homebuyer looking for an apartment that will be your home for the ages and will also appreciate in value over time, you are at the right place. In the past five years, property prices in Borivali West have increased from an average of about INR 13000 per square foot to approximately INR 24000 per square foot. This is a hearty trend that will help your investment grow considerably in a few years. A house that you will cherish and an investment that will continue to grow – now that is a winning combination!

In Conclusion 

If you plan to buy a flat in Borivali West, you must know that this suburb has an excellent social infrastructure with some of the best schools, malls, cafes and restaurants, and medical facilities within reach. The CP Goenka International School and JBCN International School are among the best in the city, and the Apex Hospital and Lotus Multi-speciality Hospital offer excellent healthcare. Water World in Borivali West is Asia's largest water theme park. Investing in this upcoming and trendy locality will keep piling on the rewards for years.

Real Estate