Top Localities To Buy 1BHK Homes In Mumbai
According to a report by PropTiger DataLabs, India's financial capital – Mumbai, contributed the maximum share of 26 per cent to the total residential launches of around 51,500 units, in Q4 FY'17, across the top nine cities. Several micro-markets of the Mumbai Metropolitan Region (MMR) also witnessed a surge in launches, within the sub-Rs 25 lakh segment, primarily due to favourable policy measures implemented by the government. In fact, the share of launches of this segment within the MMR, has increased from 12 per cent in Q2 FY'17 to 53 per cent in Q4 FY'17, and around 35 per cent, to the overall launches across the top nine cities, in the sub-Rs 25 lakh segment.
PropGuide lists the five best localities in Mumbai which witnessed the highest sales of 1BHK homes during the January-June 2017 period:
Vangani
Livability Score: 5.2
Average Price: Rs 2,561 per sq ft
Vangani is a serene locality in the suburbs beyond Thane. Flanked by the Western Ghats, the area has emerged as an affordable residential locality, with access to social amenities that include schools, healthcare centres, shopping malls, local markets, etc. Vangani railway station, bus services and a strong network of roads, ensure good connectivity for Vangani. Also, the international airport is 1.5 hours away from Vangani. Proximity to employment hubs and several IT parks makes Vangani, accessible to working professionals.
Prices of 1BHK apartments in the area range from Rs 6-22 lakh, for unit sizes varying between 300-569 sq ft.
Dombivali
Livability Score: 7.6
Average Price: Rs 5,397 per sq ft
Dombivali is a suburb in Mumbai's Thane district and is a part of the MMR. It is close to major industrial hubs and IT parks such as Dhirubhai Ambani Knowledge City and Millennium Business Park. Known for its cosmopolitan culture, the area provides a contemporary lifestyle with access to infrastructure like Maharashtra State Transport service, KDMT bus services, speciality hospitals, colleges, restaurants and retail outlets. The area is served by three railway stations while two airports are proposed in the vicinity. Dombivali is also well-connected to localities like Panvel and Kalyan via the state highway.
Prices of 1BHK apartments in the area range from Rs 20-40 lakh for unit sizes varying between 450-650 sq ft.
Thane West
Livability Score: 8.4
Average Price: Rs 9,510 per sq ft
Thane west, a part of the MMR, is a rapidly developing residential hub. Tech parks and industrial sectors in the neighbourhood, along with reputed academic institutions, top-notch hospitals, shopping malls, shops and entertainment hubs, make Thane west a suitable locality for working individuals and small nuclear families. While the nearest railway station is just five kilometres away, seamless connectivity is guaranteed through BEST, NMNT and TMT bus services, auto rickshaws and taxis.
Prices of 1BHK apartments in the area range from Rs 50-65 lakh for unit sizes varying between 630 sq ft and 670 sq ft.
Palghar
Livability Score: 5.6
Average Price: Rs 2,820 per sq ft
Palghar houses over 1500 manufacturing units, including Tata Steel, Jindal Steel, etc., as well as schools, technical institutes and healthcare centres. In addition, the locality offers a community living experience, with access to convenience stores, shopping complexes and retail outlets. Nestled on the Mumbai-Ahmadabad rail route, and linked via National Highway 8, the locality ensures connectivity to other parts of the city, with road transportation provided by MSRTC bus services.
Prices of 1BHK apartments in the area range from Rs 10-20 lakh for unit sizes varying between 469-630 sq ft.
Chembur
Livability Score: 9.8
Average Price: Rs 14,805 per sq ft
Chembur is a famous suburb in Mumbai which is home to renowned entities like the Bhabha Atomic Research Centre, Hindustan Petroleum Corporation Ltd., as well as popular film studios like Asha Studios and RK Studios. The area is well-connected to other parts of the city via robust arterial roads. Fine public transportation is provided by autorickshaws, taxis, BEST bus services and local trains bound for Mumbai CST, Andheri, Panvel, etc. Social infrastructure entailing hospitals, schools, recreational centres and high-end clubs are available.
Prices of 1BHK apartments in the area ranges from Rs 45-70 lakh, for unit sizes varying between 350-650 sq ft.
Note: Livability score is a score given to a locality on the scale of 10. It signifies the quality of life a family or an individual can enjoy living in that particular locality. This is calculated on important parameters including location, price, amenities, physical and social infrastructure, projects, developers operating, etc.