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What Are the Determining Factors of Buying a Flat in Borivali?

Author
Blox Social
Posted on
Apr 29, 2023
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Buying a flat is one of the most significant financial decisions that one makes in their lifetime. It requires careful consideration of various factors such as location, budget, amenities, and connectivity. Each factor plays a vital role in helping you find your dream home. Therefore, it is essential to understand your specific needs and requirements before shortlisting options.

And when it comes to finding your dream home, how can you leave behind the city of dreams? Mumbai is definitely one of the most coveted cities for real estate investment, and there are several localities that you can consider here. Regarding localities, Borivali is an emerging region known for offering its residents convenience and cost-efficiency.

Today, we will discuss some of the key factors that one should consider while looking for flats in Borivali for sale:

Know The Location

The first step to finding a property in Borivali, Mumbai, is to conduct thorough micro-market research. This includes analysing the number of projects in each market and looking at their current market rates. You must also know the demand and supply of properties in the area to make a prudent decision. Moreover, it is essential to research the impact of infrastructure development. This will give you a comprehensive understanding of the area's real estate market and help you make an informed decision.

And when looking for flats in Borivali for sale, it is important to note that the locality is divided into two regions- Borivali East and Borivali West. Borivali West is recognised for its superior development as compared to Borivali East. Nevertheless, Borivali East has experienced significant development in recent times due to the influence of urbanisation on the Western side. It is worth noting that the Sanjay Gandhi National Park occupies a significant portion of the land in the eastern region of Borivali, resulting in a more verdant environment in this part of the city.

Price Range

The price range of properties in different locations and their surrounding neighbourhoods can vary significantly. Factors such as the property's proximity to main roads and exposure to high noise and pollution levels can also impact its value. Moreover, the cost of a property can fluctuate significantly based on the developer, building amenities, the age of the property, and its configuration. Therefore, it is essential to consider all of these factors while making an informed decision before buying a property.

For people looking for a flat in Borivali, it is essential to note that Borivali West is considered an upscale and developed locality and has average property rates of around 15,000 to 19,000 per square foot. However, in Borivali East range between Rs 9,000-15,000 per square foot as certain areas here are nearer to slums which translates to lower property rates.

Availability

Knowing the number of residential projects available in a particular region is imperative for many reasons. If the locality has a limited number of properties available for sale or rent, you may have a difficult time finding a property that meets your needs and preferences. Moreover, the availability of properties can impact the price range as well.

Regarding Borivali, both the West and East have diverse types of properties available for purchase or rent. Both areas have a good number of gated communities and apartment properties. However, independent houses dominate the real estate market in Borivali West. On the other hand, Borivali East is experiencing rapid development, which has led to a wide variety of properties being offered in the area, including apartments, independent houses, and other types of residential properties.

Infrastructure

One of the factors that can make or break the deal for a home seeker is the infrastructure. This is the reason why it is one of the most crucial factors in all forms of residential development. When looking for infrastructural facilities and developments, you must focus on the area's connectivity, drainage systems, waste disposal, sewage management, and water supply system.

However, when looking for a flat, you must also pay attention to the infrastructural facilities offered by the residential projects, such as security, sports complexes, swimming pools, parks, and gardens. These amenities can help lead a better lifestyle.

Regarding Borivali, the eastern part is experiencing fast-paced development and has well-maintained street lighting, and benefits from 24/7 police presence at the CBD Belapur Police Station, as well as regular patrolling.

In contrast, Borivali West is a busy area with thriving nightlife, bustling shops, and markets that remain open at night, including several restaurants.

Conclusion

Several determining factors come into play when buying a flat in Borivali. Ultimately, deciding to buy a flat in Borivali depends on individual preferences and requirements. It is essential to thoroughly evaluate all factors before purchasing to ensure a satisfactory and comfortable living experience. 

Real Estate