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Things To Know About Affordable Living in Mumbra

Author
Blox Social
Posted on
Jun 13, 2023
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Mumbra is a fast-growing locality in the Thane district of Maharashtra, India. The area is known for its affordable housing, excellent connectivity, and good quality of life. Mumbra offers a great opportunity for real estate investors looking for a profitable investment option.

Let's understand what makes Mumbra a good investment option in Thane.

Real estate overview

One of the key advantages of investing in Mumbra is its housing options. The locality offers a range of residential properties, including apartments, villas, and independent houses, at reasonable prices. Mumbra has experienced a significant increase in property values, with an average price appreciation of over 10 per cent year-on-year. The majority of residential options in Mumbra are apartments, followed by builder floor units, all of which are available at affordable prices. More than 90 per cent of the housing inventory in Mumbra has been priced below Rs 50 lakh. The average property price in this area is approximately Rs 3,500 per square foot. Among the various types of apartments, 1 BHK units attract the highest interest from homebuyers, followed by 2 BHK units. Prominent developers in Mumbra include Karrm Infrastructure, MM Group Mumbai, Squarefeet Group, and other developers based in the city.

In micro-markets like Parsik Nagar and Daulat Nagar, there has been a price surge of approximately 8-10 per cent in the past year. Mumbra offers an average yearly rental yield of around six per cent, making it an attractive destination for investors.

Enhanced connectivity

Mumbra is strategically located next to NH-48, providing excellent connectivity to Navi Mumbai, Pune, and other cities in Maharashtra. It is situated at a distance of approximately 35 km away from Chhatrapati Shivaji International Airport and has its own railway station on the Central Line of the Mumbai Suburban Railway. This convenient location allows easy access to various employment zones, such as TTC Industrial Area, CIDCO Industrial Area, Dhirubhai Ambani Knowledge City, and Mindspace Business Park in Airoli.

The locality is well-connected to major highways, such as the Mumbai-Pune Expressway, the Eastern Express Highway, and the Thane-Belapur Road. The Mumbra railway station is situated on the Central line of the Mumbai suburban railway network, making it convenient to reach various areas of the city. The Mumbra railway station is situated on the Central line of the Mumbai suburban railway network, making it convenient to reach various areas of the city. The proposed metro line from Wadala to Kasarvadavali will further enhance the connectivity of Mumbra.

Social infrastructure 

Mumbra's social infrastructure includes reputable hospitals like Ammar Hospital, GHC Hospital, and Mumbra Hospital. It also offers quality educational institutions such as Mumbra Public High School, The Foundation English School, and Michael Aron School. For shopping needs, residents can visit retail hubs like AR Kohinoor Plaza, Krazy Mall, and Madina Complex.

Upcoming Infrastructure

Mumbra is witnessing rapid development in terms of infrastructure. The locality is set to benefit from several upcoming infrastructure projects, including the widening of the Mumbai-Pune Expressway, the construction of the Thane-Bhiwandi-Kalyan Metro line, and the proposed Navi Mumbai International Airport. These projects will not only improve the connectivity of Mumbra but also boost the overall development of the locality. 

Future development 

The connectivity of Mumbra to other parts of MMR is expected to improve with upcoming developments. The Airoli-Katai Naka Freeway will pass through Parsik Nagar, a sub-locality of Mumbra. Additionally, the Mumbai-Ahmedabad high-speed rail corridor, currently under construction, is expected to have a station at Diva, about seven km from Mumbra, which will enhance inter-state connectivity. 

Furthermore, plans to connect Mumbra and Airoli via Zipline are in progress to substantially reduce commuting time between the two localities. With these developments and recent trends in the real estate market, Mumbra has the potential to offer benefits to both real estate investors and end-users. 

Growing Employment Opportunities

Mumbra is home to several small and medium-scale industries, providing ample employment opportunities to the local population. The locality is also in close proximity to commercial hubs like Thane, Bhiwandi, and Navi Mumbai, which offer a range of job opportunities in various sectors. The proposed Navi Mumbai International Airport is expected to create thousands of job opportunities in the region, further boosting the employment prospects of Mumbra.

Good Quality of Life

Mumbra offers a good quality of life to its residents. The locality has several good schools, hospitals, and shopping centres. The area is also known for its greenery and scenic views, providing a peaceful and serene environment to its residents. The low pollution levels and the availability of open spaces make Mumbra a desirable place to live in.

Conclusion

With its strong connectivity and proximity to multiple employment zones, Mumbra has become a preferred rental housing destination for working professionals. Many families choose to reside here due to the availability of numerous hospitals, schools, and markets within the locality. Investors in real estate can benefit from the current market conditions by considering long-term investments in Mumbra. With the proposed infrastructure projects and the growing demand for affordable housing, Mumbra has the potential to become a prime real estate destination in Thane.

Real Estate