The Growing Real Estate Opportunities in Vikhroli East

Vikhroli East is one of the fastest-growing property hubs in Mumbai, especially among people seeking a quality life within an established ecosystem. Located within the financial capital’s largest mangrove belt, the area has lush green surroundings, amazing views, and significantly better air quality than any other area in the metropolis. 

Today, numerous reliable realtors like Godrej Properties, Adityaraj Group, Vaibavlaxmi Builders & Developers, and MICL Group have launched and completed several projects in the area. This has further enhanced people's interest and motivated them to invest in property in Vikhroli East. 

The area offers multi-story residential and commercial projects to match the diverse needs and interests of clients.

Given below are some other reasons that have contributed significantly to the growth of real estate opportunities in Vikhroli East over the past decade: 

Excellent Connectivity

Vikhroli East is well-connected to almost all parts of Mumbai city, with major highways passing through the area. Apart from excellent road connectivity, people can also enjoy the benefits of proposed metro lines and bridges that are set to make commuting more accessible and faster. The area offers easy access to significant localities of central and southern Mumbai and Thane through the main line and the Eastern Express Highway. This provides convenient access to key central and south Mumbai regions and Thane. The Eastern Express Highway conveniently links Vikhroli East to Navi Mumbai, while the Jogeshwari Vikhroli Link Road (JVLR) offers easy connectivity to the western suburbs. 

Good Infrastructural Development

Another primary reason for significant real estate growth in Vikroli East is the area’s well-developed infrastructure. The area has several premier educational institutions along with multiple options for entertainment. These include public gardens, malls, fine-dining restaurants, movie theatres, and shopping centres. Moreover, the area also offers good healthcare facilities through more than 15 multi-specialty hospitals and healthcare centres. This ensures that people investing in property in the area can enjoy the benefits of the well-established amenities and facilities within a comfortable distance.  

Great Employment Opportunities

Vikhroli East is located within close proximity of several business parks, industrial sectors, IT parks, and SEZs. This ensures that the people investing in property in this area do not need to go too far to look for good job opportunities. In addition, the site is well-connected to other major business areas of Mumbai, attracting people to invest in property here. Key business centres like Bandra Kurla Complex, Mindspace Airoli, and Wagle Industrial Estate Thane are located at a distance of only 10 km and 12 km each from Vikhroli East, respectively. Moreover, major commercial centres like Godrej IT Park, Kailas Business Park, Eastern Business District, 247 Corporate Park, Hiranandani Business Park, Mehra Industrial Estate, and Kensington SEZ are all located within a 5 km distance of the area. 

Better Air Quality And Lifestyle

Vikhroli East offers people the option of bigger, more spacious homes and offices in lush green surroundings. The air quality in the area is significantly better than in any other region in Mumbai, thanks to the cleaner and greener environment. People can enjoy the benefits of bigger homes that offer enhanced safety and modern amenities for more fulfilling indoor and outdoor pursuits. Most real estate development companies focus on catering to the aforementioned needs of investors, which further enhances the area's popularity as a major property hub. The overall soothing environment and the well-developed infrastructure make property investment in the area an excellent decision for most people. 

Diverse Options As Per Budget

One of the most significant benefits of investing in property in Vikhroli East is that the area offers diverse options to match the budget ranges of various investors. Investors can choose between 1BHK, 1.5 BHK, and 2BHK apartments as per their needs. Investors can get a piece of real estate in the area for as low as 8,673 per sqft, while the average property price is 15,860 per sqft. The area has shown a growth rate of 4.49% in property prices over the past year, and the trend is likely to continue in the future. The average rental price of the property in the area is also quite reasonable. Hence, investing in property in Vikhroli East is considered to be a profitable option in the long run. 

Favoured By Renowned Real Estate Developers

The benefits of seamless connectivity, excellent social infrastructure, and readily the promise of a better life make Vikhroli East a preferable destination for major real estate developers. Most of the under-development and even ready-to-move-in residential and commercial projects in the area are offered by renowned developers who understand the needs and expectations of the people and offer fine homes and offices to fulfil the same. 

Conclusion

For people seeking investment options in Vikhroli East, Blox offers an exclusive listing of properties with zero brokerage fees. Interested investors can also enjoy the benefits of multiple site visits, online property booking, and end-to-end assistance during the entire process.