When it comes to investing in property, Mumbai offers countless options in various localities that promise a good return on investment. However, most people consider various other factors other than profits before choosing the right property for investment. One of the most important factors to consider is undoubtedly the level of social and civic infrastructure development in the area.
Usha Nagar is one of the many localities in Mumbai that have witnessed significant growth in real estate development, which has, in turn, attracted countless investors to this area. It is a well-developed locality situated in the Bhandup West suburb of Mumbai and is surrounded by Hema Park, Kirti Nagar, and Udayshree Colony. The excellent social and civic infrastructure of Usha Nagar has played a significant role in making it a preferred real estate investment destination for countless people.
Given below are some key infrastructure features and facilities of the area that have been attracting investors to this locality in large numbers.
Excellent Connectivity Options
Usha Nagar is well-connected to various parts of Mumbai by road and train. The area is located only a short distance away from Nahur and Bhandup railway stations. In addition, several BEST buses serve the locality throughout the day, offering easy and affordable connectivity to other areas of Mumbai. There are several local bus stops from where people can catch a bus to their desired destination every few minutes. These include Usha Nagar Bus Station, Bhandup Village (W) Bus Station, Hema Park Bus Station, Kurla Nagrik Sahakari Bank Bus Station, and Bhandup Police Station Bus Station.
A Wide Range Of Educational Institutions
There are several renowned educational institutions in and around the Usha Nagar area. This ensures that parents do not need to send their children too far to provide them with quality education. Both government and private institutions are operating in the area, fulfilling the needs and preferences of the residents. Some popular schools operating in the area include DAV Public School, New Horizon Scholars School and Neo Kids, and Brio International School. In addition, colleges like New Horizon Institute of Management Studies, United Business Institute, Vivekanand Education Society's College of Pharmacy, and Smt Jamnabai H Wadhwa College Of Technology are all within an 8km distance of Usha Nagar.
Good Healthcare Facilities
Usha Nagar boasts of comprehensive healthcare facilities that make it easier for residents to stay fit and enjoy a good life. There are several hospitals, dental care centres, and medical labs located in the area that offer a complete range of healthcare services. The most important of these include the Inlaks General Hospital, Life Care Hospital, Sumitra Eye Care Hospital, Bombay City Hospital, Dr Pallavi's Right Dental Center, and H S Pathology Private Limited.
Entertainment And Recreational Hubs
Usha Nagar houses various supermarkets, cinema theatres, and parks where people can shop, have fun, and enjoy various entertainment activities. The area also has several restaurants serving good quality food from different Indian and international cuisines. There is also a good number of temples and mosques scattered in the area to enable the residents to offer prayers according to their religious beliefs. However, despite the diversity of people living here, Usha Nagar is a generally peaceful and safe locality which is yet another reason for attracting investors.
Relatively Affordable Property Prices
Despite the excellent infrastructure development in Usha Nagar, the price of a property in the area is relatively affordable. The locality has witnessed an annual price increase of 11.02% in property prices over the past 12 months. The average price per square foot in the area for properties available for sale stands at ₹15,676, with the starting price being ₹12,320 per square foot and the highest price quoted at ₹23,333 per square foot. The average rent for properties in the area is currently around ₹27,799, and the rental value ranges between ₹24,000 - ₹28,000. Some renowned real estate developers operating in the area include Heritage Group, with that is behind the Heritage Arunoday project, Kukreja Construction, which is the developer of Kukreja Sai Ashish II; and Rite Developers, responsible for developing the Rite Advent.
Conclusion
Usha Nagar is a premium locality of Mumbai that has once again proven affordable pricing, decent returns on investment, and great infrastructure are some of the most important aspects that people look for while investing in a property to lead a happy, fulfilling, and comfortable life.
