Mumbai is a magnet to job seekers from all over India. Every day, the city sees a massive influx of people looking for employment, good opportunities, and a high standard of living.
Mumbai’s already good and expansive infrastructure continues to improve every year, especially with the brand new Metro system that has just opened this year. This great infrastructure system provides residents with so many efficient and affordable ways to commute up and down the entire city. Residents can take buses, or trains, or metros or even drive their own vehicles on some of the best roadways in India in order to get to work or just to their next destination.
All of these transportation options have allowed Mumbaikars to continuously find new places to live in the city that are geographically further away, but still less than an hour commute from any other point in the city. The massive expansion of transportation options and efficiency has allowed the Western Suburbs of Mumbai to grow and expand faster and better than ever before. From Dahisar to Borivali to Jogeshwari and Andheri, new residential housing real estate projects are being constructed to fill the extremely high demand for housing in those areas. Residential real estate prices continue to rise even through the Covid-19 Pandemic because the Western Suburbs of Borivali and Dahisar have only gotten better and better every year.
Some of Mumbai’s best hospitals, schools and restaurants are located in Dahisar and Borivali. The demand for budget friendly homes that offer a better lifestyle has resulted in the commencement of more housing projects in Mumbai that focus on 1 BHK flats.
Rising real estate prices and low-interest rate housing loans makes this a great time to buy a home in Borivali or Dahisar. The time is ripe for buyers to take advantage and invest in a 1 BHK flat in a project like VKLAL Hari. For instance, let us look at the benefits of buying an apartment in a suburb like Borivali.
Appreciation: Borivali East is accessible by rail, metro, bus and road as it is well connected to all parts of Mumbai. The international Airport is 20 kilometers from Borivali East. It takes around 30 minutes to reach the airport by road or by train. The infrastructure here is well-developed, with many reputed educational institutions, schools, colleges, health care centers, multi-specialty hospitals, shopping centers, and malls. Given the excellent transport connectivity and infrastructure like Metros Station, Railway Stations, Bus Station, & Auto Rickshaw, Borivali East, which has always been a hot spot for real estate, is fast becoming the best area to buy a new under construction 1 BHK flat. . There is almost always an appreciation in the market value of 1 BHK flats. The increasing demand for suitable housing facilities has given rise to many new projects in Borivali East, but not all are of the same quality. VKLAL Hari is one of the highest quality and best designed new construction projects in Borivali East.
Tangible asset: A house is one of the best tangible assets. Your home will always be of value. The value of your stocks can fall to zero but never with real estate. It is evident from history that the more you stick with your real estate, the more you benefit! Even if we talk about the Borivali market the per sqft has gone upto 15-18% of appreciation in the last few years. If house prices fall, they invariably bounce back to where they were and almost always exceed their prior high and begin to appreciate again. Investment in a flat will always offset the risk from your other investments. Many people have made their wealth by exclusively investing in the real estate market. Tangible assets like 1 BHK flats have always given protection against inflation. While your house is a tangible asset, it simultaneously provides immense utility and immeasurable joy with the potential for appreciation in the future. A flat in residential projects in Borivali East or neighboring suburbs can be a wonderful tangible asset for you.
Cash flow: If you are buying a property to let it out for rent, cash flow is what you are looking for. Cash flow is the amount that remains after summing up your income from all sources, deducting all your expenses, and keeping some cash in reserve for possible future repairs. There is always a demand for renting flats in the suburbs, especially 1 BHKs in Borivali as its Railway Station is a major junction making Borivali East one of the best points of connectivity to every other part of Mumbai as well as to other states.. So, investing in a 1 BHK flat in Borivali East and renting it out can assure a good source of cash flow for the flat owner.
If you desire to buy a home, make sure to go to reputed builders and developers like V. K. Lalco Group. Their project VKLAL Hari in Borivali East has 5 differently designed 1 BHK flats for sale, each with their own special efficient design to suit a buyer’s needs perfectly. Remember, a home is where you can relax if you feel comfortable and secure. Be comfortable and secure with V. K. Lalco Group. Click here to know more about us and this project!