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Vasai's Upcoming Real Estate Marvel: Exploring the Promise and Potential of New Projects in this Booming Suburban Hub

Blox Blogs
Oct 18, 2023
5 mins read
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Blox Blogs
Oct 18, 2023
5 mins read

Situated approximately 50 km north of Mumbai, Vasai has quickly shot up the popularity ranks with respect to real estate development in the MMR. A suburban town that is part of the Palghar district of Maharashtra, Vasai sits right in the middle of a booming real estate development zone. So, what is it that makes it worthwhile to have a look at any new project in Vasai – be it Vasai West or Vasai East? 

The answer to that question is really simple: Vasai offers a multitude of advantages to real estate buyers and those looking for a dream home close to Mumbai, such as connectivity, infrastructure, affordability, modern lifestyle, and more. Ready to explore the promise and potential of new projects in this booming suburban hub? Then read on. 

3 Reasons Why You Should Check Out a New Project in Vasai

  • Affordability

Property rates in Vasai hover around the super affordable Rs. 5,500 to Rs. 7,500 per sq. ft. mark, which is much more economical than other parts of the MMR and, of course, the Mumbai city proper. This makes seeking out a new project in Vasai a fantastic option for those who are on a tight budget and are looking for something world-class that is also affordable. Add to that splendid appreciation in property rates around the 7% mark per annum that Vasai properties are exhibiting, and you have a great investment opportunity in hand!  

  • Connectivity

Sure, 50 km from Mumbai sounds like a lot, especially if you have to regularly travel to the city for work or business. But this is not an issue with either Vasai West or Vasai East – both of them offering top-notch and reliable urban connectivity. The most important junction is of course the Vasai Road railway station on the Western Railway line. Connectivity is also increasing thanks to access to the Western Express Highway, the Mumbai -Nashik Highway, the Eastern Express Highway, and the Mumbai-Ahmedabad Highway! The area is also a hub of goods manufacturing and other industries, and if you work there, the commute will be a breeze. There are also plans in place to further improve connectivity by bringing the metro network to Vasai and developing the 38-km Ring Road.

  • Infrastructure

From schooling to hospitals to shopping destinations and civic amenities, the suburbs of Vasai have them all. Reputed urban infrastructure facilities and institutions include St. Francis Xavier’s High School, Rustomjee Cambridge International School, Platinum Hospital, Vartak College, Cardinal Gracias Memorial Hospital, D-Mart, Reliance Fresh, Maxus Mall, and Big Bazaar.

2 New Projects in Vasai to Invest In

  • Lodha Dream Heights: With premium 1 BHK flats starting at Rs. 25.5 lakhs, Lodha Dream Heights in Vasai East is definitely a project that should pique your interest. This new project in Vasai comes from the highly reputed house of Lodha Developers, and offers the perfect modern space for micro-families and bachelors with carpet areas ranging from 268 to 585 sq. ft. Residents can also enjoy other luxurious amenities such as a clubhouse, large green areas, rainwater harvesting, and 24x7 CCTV surveillance.
  • Imperial Exotica: If you are looking for a new project in Vasai West, then do consider checking out Imperial Exotica’s thoughtfully-designed 2 BHK and 3 BHK flats that offer a serene escape from the noise of the city centre. These premium flats come in at around Rs. 90.12 lakhs to Rs. 1.41 crores, and offer a RERA carpet area of 608 to 948 sq. ft. What you get in a flat at the Imperial Exotica is brilliant ventilation, a tranquil charm, beautiful views all around, and convenient location in the vicinity of all important nearby landmarks and civic amenities, such as the Ludhani Vidya Mandir, Fr. Agnel School, Platinum Hospital Vasai and Dream The Mall. This society also offers 10,000 sq. ft. of garden area and is ready for possession by June 2026.

Conclusion

And that was that – a thorough insight into the fascinating Vasai real estate market that is emerging as a great new hope for real estate buyers and investors looking for affordable yet convenient alternatives to Mumbai and other prominent MMR areas. Both Vasai East and Vasai West are teeming with new projects that offer international living, well-appointed residences, and all the modern infrastructure and amenities for a fast-paced, healthy, and happy lifestyle for individuals and families. 

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